“Investors betting on the TACO trade might gradually face some disappointment”

TACO Monday? Extend, delay, and pray...

“Reactions are often short-lived, especially as he usually fails to deliver on his threats”

“There’s a little bit of doubt of creeping in, especially after the bump up this week”

...big week for big-tech, the big bill, bond yields, bitcoin, and bets on rate-cuts.

“Markets might be getting ahead of themselves if we see a negative number”

Yesterday's momentum meltdown continues today...

“There is a lot more risk of things falling apart than is being priced in by the market”

Have investors front-run the positive seasonality?

“We’ve had a strong quarter, but there’s still too much on the table”

As 'uncertainty' (global trade policy and geopolitical) has plummeted from crisis highs...

“Looking at all the positioning indicators at my disposal, I can not exclude a melt-up.”

...record highs for stocks and the dollar is routed

"There are still more trade agreements to be done but things are moving in the right direction.”

...the dollar hit three year lows as stocks, commodities, and bonds surge... 'QE trade' anyone?

...'uncertainty' down... as 'bad news is good news' makes a come-back.

"Caution is what is warranted right now. We won’t be chasing the market higher."

...but, but, but Trump will blow up the world?

“If the ceasefire holds it will undoubtedly be greeted positively by markets" 

...markets see through 'theater' of war.