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Small Cap Rout Is Flashing Red Flag For US Economy
The post-election small cap bounce in US stocks has now been completely erased as it seems tax-reforms have now been entirely priced-out of markets. However, as BofAML notes, the demise of small cap...
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“I Was Wrong”: Albert Edwards Finds Something That Has Never Happened Before
At the start of the year, we were surprised when SocGen’s Albert “Ice Age” Edwards, the biggest perma-deflationist on Wall Street, flipped his outlook on the US economy, and said he now expected a fast...
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FX Week Ahead: Discretion And Common Sense Not Easy For “The Machines”
Submitted by Shant Movsesian and Rajan Dhall MSTA of fxdailyterminal.com Coming off the back of a mixed payrolls report which saw the headline number recording a negative balance for the first time in...
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ECB Will Avoid A Taper Tantrum Today, But It’s Running Low On Ammunition
Following up to our earlier preview of today’s critical ECB announcement, here is Bloomberg macro commentator Tanvir Sundhu, who says not to sweat what Draghi says today as the ECB will be able to...
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US Futures Rebound After Disappointing Chinese, European Data
Yesterday’s sharp Chinese selloff is now a distant memory after the BTFDers emerged, and this morning U.S. equity futures are once again levitating as the FOMC begins its two-day policy meeting,...
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Eurozone Inflation Unexpectedly Cools
In the latest headache for Mario Draghi, the Eurozone's closely watched CPI weakened to 1.40% year-on-year in October 2017 versus expectations of 1.50% and a reading of 1.50% the previous month. As a...
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Global Stocks Tumble, Asia Plunges On Chinese Commodity Carnage
The euphoria of the past month has ended with a thud and BTFDers are strangely missing as the commodity chill out of China (which overnight became full blown carnage), has unleashed a global risk-off...
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Mark Carney Forced To Explain Surge In UK Inflation To Highest In Almost 6 Years
The market expected Mark Carney to avoid it but it was just not meant to be. The BoE Governor will suffer the ignominy of a bizarre tradition of having to write a letter to the Chancellor of the...
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Gold Pops As Bitcoin Drops, Dollar Snaps Longest Win Streak Since Jan 2016
"Contained"… Post-FOMC, Gold was the biggest gainer… US Equities were holding to gains but tumbled in the last few minutes with the S&P turning red… Nasdaq manged to hold gains after The Fed…...
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The 10 “Grey Swans” Events For 2018
One of the traditional push backs against attempts to predict “black swan” events is that they are by default unpredictable, rendering the entire exercise moot. However, for the second year in a row,...
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