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The Yen Ain’t buying It
The recent euphoria was never acknowledged by the JPY. Why do we watch the JPY? When the JPY weakens, the…
January 31, 2019
Remember Imploding Italy?
We showed the Italian lost decade earlier this week. Investors are picking up on the bad Italian economy today, sending…
January 31, 2019
Macro and Credit – The Zeigarnik effect
“Both poker and investing are games of incomplete information. You have a certain set of facts and you are looking…
January 31, 2019
Powell for President?
What a great success seeing the Dow surge post Fed yesterday. As we all know, last time Trump tweeted the…
January 31, 2019
What if the Fed stops QT?
The Fed chair backtracked on the balance sheet in January, saying the Fed “wouldn’t hesitate to make a change” if…
January 30, 2019
Fed Feeding Gold
Gold continues the trajectory higher. We have been outlining our logic on gold and the fear component, most recently yesterday.…
January 30, 2019
Apple – Where´s the Buzz?
Apple traded up to 163/164 in after hours trading last evening after the company convinced that life after the iPhone…
January 30, 2019
FAANGs Refuse
Most FAANGs are reporting this week. The index itself is still stuck within the negative trend. Not many bother talking…
January 29, 2019
Italy’s Lost Decade
Presented without much comments, but Italy has lost a decade, and the outlook seems all but rosy. Upper chart shows…
January 29, 2019
Gold Loves Fear (again)
Gold has been one of the most stable and trending assets over past 5-6 months. The shiny metal closed above…
January 29, 2019