The Dollar Index is kneejerking higher in the last few minutes following headlines from Nikkei that The Bank of Japan is considering nominating uber-dove Masazumi Wakatabe to a key leadership position.
"No individual sector is necessarily being illogical, but they can’t all be correct. This confusion will lower investor conviction and that means volatility will rise in at least one of these assets."
It has not been a good week for Japan's economic outlook as following last night's dismal GDP print, tonight shows Japanese Machine Orders collapsed 11.9% MoM in December - the biggest crash since Japan raised the sales tax in May 2014...
Only one number matters for the markets this week, and it will be released at 8:30am this morning, when the BLS unveils the January CPI print, with every trader, both carbon and semiconductor based, focusing only on whether core CPI will come in at 0.2% as expected, or higher...
Gazprom’s Power of Siberia pipeline is more than two-thirds complete. It will be delivering gas to China by the end of this year. A second pipeline is still under discussion...
USDJPY tumbled to 107.01 - the lowest since Trump's election in Nov 2016 - after a disappointing GDP print signaled the beginning of the end of the 'global synchronous recovery'...
To explore what is taking place at a far more granular level than the broad averages disclosed by the government, Goldman has analyzed the transcripts of America’s largest companies to identify where the concern over rising costs is most acute...
Stocks are "priced for perfection" and "there are issues" in the intermediate- and long-term... because fiscal policy from the Trump Administration "reflect a lack of responsibility," and will work against equity prices.
"What hit the casino wasn't an air pocket; it was a fundamental change of direction, signaling that the three decade long central bank experiment with Bubble Finance has now run its course..."
This, despite nearly 57% of the 2000 Americans surveyed by the credit score startup and research firm Qualtrics last month saying they had realized some gains from cryptocurrencies last year.
"Taking a step back, the situation remains bearish overall. High U.S. rates, elevated volatility across assets and wealth destruction all point to further equity deleveraging."
"...we’re going to focus a lot on graduate recruiting. I don’t think the path forward is one where we make a lot of very high-priced, expensive lateral hires.”
"About 10 days ago, that’s where I thought we were. However, recent spurts in stimulations, growth, and wage numbers signaled that the cycle is a bit ahead of where I thought it was."
...these are the same bonds that had the distinction of being the first to be wiped out/bailed in under new EU banking regulations when Santander took over Banco Popular last year...
