Email test post #4: spending a snowy weekend trying to repair a dodgy email feed is fun! Maybe I'll go do some shoveling for a little relaxation...
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4 comments
Click here for commentsOh oh, looks like a Q1 GDP miss is in the cards.
Replyhttps://www.adn.com/article/20160122/single-king-salmon-worth-far-more-barrel-oil-these-days
ReplyUp in Alaska, it is King Salmon vs King Salman ... these days a chinook is worth far more than a barrel of oil.
Not sure how much one subtracts from GDP for everyone in Washington, Boston and NYC taking a day off work to shovel out their car, driveway etc.. but LB will certainly be leaving the Hammock Asset Management / Falling Knife Capital offices for a day this week to locate his vehicle after a 24 hour odyssey getting home from Texas via Chicago, Boston and Amtrak.
ReplyA nice concise summary of the recent sea change in a variety of markets with intermediate technical analysis below by Marc Chandler. I have to admire the calm way he always seems to distill the action, and he doesn't bother much with turns, mainly seems to work in between the red zones, in the part of the field between the penalty areas, so to speak. He calls attention to technical analysis of USDJPY and $wtic as being of especial significance at the moment, and we do not disagree.
New Phase Has Begun
US10y at an interesting juncture. Higher yields may be seen on relief rallies in crude and equities but a more dovish Fed may cap rates later in the week and for some time to come. We are currently short the long bond, but will not be so for long. For now we are long a variety of equity index instruments as a swing trade, and also long calls in BP and XLE.
We are currently short the long bond
ReplyHell freezes over...