From yesterday’s open, the first since the tragic terrorist attacks in Paris on Friday night, France’s stock market, the CAC 40 Index is up about 3.25% from its short lived lows, and global stocks have been …
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While we’ve spent all this time debating when the U.S. Federal Reserve will raise the Fed Funds rate for the first time since 2006, there has been little discussion on wether the ECB will continue on its …
Continue readingYesterday’s strong rally in the SPX was one of those head-scratchers. Although there was obvious technical support in the S&P500 (SPX) at 2045 and an up day was probably overdue, the strength of the bounce …
Continue readingEuropean stocks are partying today on news from an ECB executive board member that they will “front load” bond purchases in May and June in front of what they expect to be poor liquidity in …
Continue readingIf Q1 GDP is revised lower from its reported 0.2 gain (well below the prior quarter’s 2.2% gain) it will mark the third negative Q1 print since 2011. Cold rain and snow apparently wreaked havoc on …
Continue readingHallelujah!! ECB QE is here. And you know the old saying, don’t fight the ECB. But will the ECB pack the same sort of rip your face off sort of umph that Federal Reserve’s relentless …
Continue readingBack on Jan 13th I had the following to say about the near term demand for U.S. Treasuries when the TLT (iShares 20 yr bond etf) was $133.50 (TLT: No Mr. Bond, I Expect You …
Continue readingFollowing the FOMC statement TLT is again bid and sometimes you have to know when you’re wrong. We figured that between the ECB and FOMC there was a chance we’d see a change in sentiment …
Continue readingGoing into the ECB QE we looked at the idea that the rally in U.S. treasuries was possibly long in the tooth and a reversal could be in the cards for TLT. We expressed that …
Continue readingI have been pretty clear on this on more than a few occasions, RiskReversal is NOT the place you peeps should go to for in depth diagnosis of the macro goings on in the markets. …
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