A spectre of short covering

Has the time arrived for the long-awaited post-election correction?  It's starting to look that way.   Yesterday's US data was solid...

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Stocks for the long run

One of the major developments within the financial industry over the last half-decade or so has been the ascendance of passive investing as ...

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Rebalancing

Macro Man is back, belatedly, after a glorious few days of eating, drinking, football, and even a little cycling.  He returns to what can be...

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One small observation before driving off

Macro Man is heading out for Thanksgiving before the crack of dawn today and will not be posting for the remainder of the week.  Normal serv...

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Musings on a correction

The ducks have all been lined up for a correction in those markets most impacted by hopes of Trumpflation, namely the dollar and fixed incom...

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Au revoir, Sarko

The electoral surprises keep on coming, as Francois Fillon won the first round of the French LR primary by a commanding margin, thereby rele...

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Five fun Friday charts

Well, Yellen came and went and frankly didn't change the market's perception very much at all.  Although she more or less telegraphe...

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A Trump tantrum....or a China one?

As profit-taking pauses go, yesterday was extremely modest in the grand scheme of things.  Whether this speaks to a market that is not yet f...

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Dollar holler

When USD/JPY was trading close to 101 on election night, who could ever have thought that it would be trading at 109 less than a week later?...

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Theme-atic

So here we are a week on from the election.  It's funny, isn't it?  After years of struggling with not enough themes in the macro sp...

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Three traders walk into a rebar....

While the details on the Trump administration are slowly falling into place (and by extension, a slightly clearer picture of what the policy...

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Angels and devils

If you trade macro and you haven't felt like a kid in a candy store the last couple of days, then you probably aren't doing it right...

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MMGA

Holy smokes, this election really has #mademacrogreatagain.  The DXY is breaking out, yields are rising/curves steepening, and for a couple ...

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The day after the night before

Leaving aside Donald Trump's foreign and social policies, which are best discussed in other forums, let's have a think about what a ...

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Brave New World

At the time of writing (11 pm NY time), it's looking close highly likely that not only will Donald Trump win the presidency, but the GOP...

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The long national nightmare: the end of phase one

Well, the big day is finally here, and at least phase one of our long national nightmare is coming to a close.  The FBI non-event, the late ...

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Countdown to Armageddon: a deferral

Yo Griff get the green black red and Gold down countdown to Armageddon              - Public Enemy, Don't Believe the Hype In some ...

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A Brexit glossary of terms

For those American readers who are so fixated on the domestic presidential election that they have not been able to follow the Brexit situat...

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Thursday bullet points

There's a lot going on today.   Here are a few thoughts on some of the salient bits: * The UK court ruling.   It says something about ...

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