Monthly Archives: January 2019

January In Review

The reverse image of December and 2018.   Genius markets, no?    

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The “Venda la Casa” Moment Approaches

After getting schmoked in some premature S&P shorts last week, we stated in our Week In Review over the weekend, We expect the S&P to take out the recent high at 2675.47 and then set its sight on 2710-2720, which … Continue reading

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Happy Birthday, Jackie

One of the all-time great Americans. Today marks what would have been Jackie Robinson’s 100th birthday. From rural Georgia, to the Pasadena gridiron, to Ebbets Field and beyond, Jackie left an indelible mark on the world. We remember him today … Continue reading

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Why are so many US college students homeless?

Two-speed economies everywhere you look. Young And Left Do you wonder why the young are moving lefty? The one percenters better start stepping up making social investments to generate a more stable future society in order to protect their wealth.  … Continue reading

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The Fed Is Done…

I think I heard Powell just say in the QA that the Fed is finished raising rates.   Rather stunning given the real fed funds rate is close to zero, coupled with his statement economy is doing well. Markets should rally … Continue reading

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Fed’s Failure To Communicate, Markets’ Failure To Count

Not to beat a dead horse but the following example just reinforces our last post. What the market perceives, Investors who are hoping the Federal Reserve signals a change or adjustment in its balance sheet policy on Wednesday are likely … Continue reading

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How Chair Powell Could Spark A Massive Rally By Doing Nothing

Summary The market is irrationally obsessed with the “$600 billion” annual roll-off in the Fed’s balance sheet The actual reduction in the balance sheet will be much smaller and is determined by the profile of monthly Treasury and MBS securities … Continue reading

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How A Market Trends

Caption: "Our Guanxi gone a droving down the Yangtze and we don't know where he are"Or"There's an awful lot of Peking duck in China"Or"Lining up the Morrison election stunts"? pic.twitter.com/dYaWEEVBsK — Michael Pascoe (@MichaelPascoe01) January 29, 2019  

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Inside China’s High-Tech Dystopia – Bloomberg

In part three of Hello World Shenzhen, Bloomberg Businessweek’s Ashlee Vance heads out into a city where you can’t use cash or credit cards, only your smartphone, where AI facial-recognition software instantly spots and tickets jaywalkers, and where at least … Continue reading

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Venezuela, Debt, and Gunboat Diplomacy 2.0

Traders bought up Venezuelan bonds last week on the announcement of the U.S. administration’s policy shift to delegitimize President Nicolás Maduro and recognize the opposition leader,  Juan Guaidó. When was the last major sovereign debt restructuring in Venezuela? The Brady … Continue reading

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