While much has changed since the deal was struck in September 2020 (for one, a global supply crunch has restricted access to semiconductors, forcing governments to gather their ‘strategic assets’ closely like a squirrel with its nuts), one important fact hasn’t: Following the
On January 2 I stated:
“the party is rapidly coming to an end and the Fed will want to curb inflation without causing a recession which will be a real task. How to accomplish it?
Easy, let markets drop, but not so much that it causes a systemic event but enough that year over year inflation numbers drop, declare victory and then flip flop policy again to prevent any major damage to markets by the time mid terms are on everybody’s mind.”
The good news according to Morgan Stanley is that a tame close-to-close return has kept systematic supply at bay, and the rebound in growth stocks helped stem the P/L drawdowns for both HFs and retail traders alike. The bad news according to the QDS trading gurus is that the afternoon rally was likely driven by short
In an email to Warner Records, Young said Spotify “has a responsibility to mitigate the spread of misinformation on its platform,” adding “I want you to let Spotify know immediately TODAY that I want all my music off their platform.”
“They can have Rogan or Young. Not
“Fair fa’ yer honest sonsie face, great chieftain o’ the puddin race .”
After yesterday’s dramatic market roller-coaster, traders are wondering if it’s a buy-the-dip moment. They probably will. But the narrative has reversed. The improbable tech stocks into substantial correction territory have a considerable way still to fall if history is any guide.
Yesterday, was an extraordinary day…. which we will all-to-soon forget.
As European markets closed last night it looked like markets had surrendered, down some 5%. More than a few chums were wondering if
After yesterday’s blockbuster 2Y auction, moments ago the Treasury sold $55 billion in 5Y paper in what can again only be described as a stellar sale.
The high yield of 1.533% was well above last month’s 1.263% and the highest since Dec 2019, but it was also 1.4bps below the When Issued 1.547%, which followed two disappointing tailing auctions.
The Bid to Cover confirmed the buyside demand for today’s paper, coming at 2.50, well above last month’s 2.41 and the six-auction
*FAA ISSUES DIRECTIVES RESTRICTING FLIGHTS ON TWO BOEING MODELS
*BOEING 777S, 747S SUBJECT TO 5G INTERFERENCE, U.S. FAA SAYS
— zerohedge (@zerohedge) January 25, 2022
FAA announced large, long-range wide-body airliners, including Boeing 747S and Boeing 777S, are subjected to 5G interference. The agency has issued safety directives for both planes.
The rollout of 5G has been a big mess in American skies. AT&T and
Costly crude oil means runaway gasoline. With Brent now threatening to hit $90/bbl, pressure on the vital motor fuel remains to the upside. In this environment, look for governments trying to protect hard-pressed consumers — aka voters — from pain at the pump.
The latest salvo came in Asia this morning. Japan said it will give oil refiners subsidies that are designed to help processors maintain margins without passing on the rising costs to customers. The strategy also applies to diesel and kerosene oil, and may
Forty Eight hours after demanding that spectators at the Australian Open remove clothing and hand over signs protesting China’s Communist government, officials have reversed course and said that the garments will be allowed, with a caveat.
As we reported yesterday, the shirts and banner read “Where is Peng Shuai?”, referring to the previous disappearance of the Chinese tennis star who had accused a high ranking CCP official of sexually assaulting her.
After not being seen for weeks, Shuai reappeared looking worse for wear and
Over the weekend, we shared (with premium subs) our thoughts on the latest “Flow Show” from BofA’s Michael Hartnett, one of the gloomiest strategists on Wall Street, who has repeatedly excoriated the Fed for its unwillingness to act more boldly (“they should hike 50 basis