tag:blogger.com,1999:blog-34323687.post7205021356202165145..comments2024-03-29T03:19:56.674+00:00Comments on Macro Man: DivergenceMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-34323687.post-9480884036216780962014-09-25T17:11:55.784+01:002014-09-25T17:11:55.784+01:00forgot the link
http://blogs.wsj.com/moneybeat/20...forgot the link<br /><br />http://blogs.wsj.com/moneybeat/2014/09/23/buyback-binge-takes-a-breather-2/Nicohttps://www.blogger.com/profile/06532015745155347229noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-62691155462366452122014-09-25T14:54:39.955+01:002014-09-25T14:54:39.955+01:00Kyle Bass: the US wouldn't be able to afford n...Kyle Bass: the US wouldn't be able to afford normal rates. With every 100 bps rise, it costs us fiscally about $150 billion in interest.<br /><br />+195 on 2-10yr ..... was +205 last week . Every bp lower is markets saying ' bye bye GDP growth 'Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-34322701558032395702014-09-25T11:52:28.556+01:002014-09-25T11:52:28.556+01:00more buy back stuffmore buy back stuffNicohttps://www.blogger.com/profile/06532015745155347229noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-30939120232354294642014-09-25T10:08:53.253+01:002014-09-25T10:08:53.253+01:00MM why aren't you assigning any probability to...MM why aren't you assigning any probability to the case of spooz drifting twds 2100 and ascending in a bubble like fashion as the joes jump in. Might not be my base case but seems like a likely scenario of possible trinityAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-71197086577160615702014-09-24T23:16:11.087+01:002014-09-24T23:16:11.087+01:00Just found this very apt market commentary on the ...Just found this very apt market commentary on the S+P <br /><br />https://www.youtube.com/watch?v=6GRuzaMwvrA<br />Polemichttps://www.blogger.com/profile/05985506596290073453noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-23346133977774518902014-09-24T22:01:20.842+01:002014-09-24T22:01:20.842+01:0030 day TBills @ negative 1bp ; 6mo TBills @ +3bps ...30 day TBills @ negative 1bp ; 6mo TBills @ +3bps at 52 week lows <br /><br />ECB & BOJ want DXY @ 100 .... i'm sure Brazil/Mexico/China would love it too . Fed might need to bring back QE just to stop DXY going thereAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-78435762884633892312014-09-24T21:06:28.226+01:002014-09-24T21:06:28.226+01:00Counter-trend rally in EURUSD beginning any time? ...Counter-trend rally in EURUSD beginning any time? Nobody left to sell...Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-58315581052993642142014-09-24T18:26:21.044+01:002014-09-24T18:26:21.044+01:00Speaking of divergence - high yield versus equitie...Speaking of divergence - high yield versus equities today? Yuck.Mr. Tnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-90479136482140277612014-09-24T18:17:02.385+01:002014-09-24T18:17:02.385+01:00Anon, agreed, most punters will have IWM 110 on th...Anon, agreed, most punters will have IWM 110 on their radar. Some will have that marked as yet another JBTFD level, while others now view it as The Trap Door. <br /><br />We are having a quick look around today to see if we have any longs that we don't fancy holding any more, and we are having a gander at TLT calls. As you pointed out, US 30s are by far the most attractive govies in the long bond universe, and there are all those shorts to be scorched as well.<br /><br />DX breach of 85 today might be the Top for Bucky. For diverse reasons, tomorrow's Durable Goods orders number will be horrible. This is mainly going to be a "mean reversion" event, as last month was stuffed with enormous one-off Boeing aircraft orders. <br /><br />This is likely to be a good excuse for a lot of punters to say, so long, and thanks for all the fish and finally sell USD. If and when the yen eventually catches a bid, we'll see more than a few lazy sunbathers getting a cold shower. Friday's third look at GDP is assumed irrelevant at this point.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-53724411155357231142014-09-23T22:05:30.557+01:002014-09-23T22:05:30.557+01:0030yr UST under 3 1/4% .... insanely cheap vs Frenc...30yr UST under 3 1/4% .... insanely cheap vs French 30yr @ 2.42% or Germany @ 1.92% or Holland @ 1.96% or Japan @ 1.66% or Austria @ 1.41%<br /><br />Treasury 2-Year Auction Foreign Demand Matches Most Since 2011<br /><br />I got a hunch there are ALOT of stop loss sell orders for $IWM @ $110Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-29999102757931139062014-09-23T21:42:57.869+01:002014-09-23T21:42:57.869+01:00Where is my EOY dash for trash? What the heck.Where is my EOY dash for trash? What the heck.Mr. Tnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-57200182006598401242014-09-23T21:03:00.297+01:002014-09-23T21:03:00.297+01:00Every bounce so far has been weak, and sold. We ha...Every bounce so far has been weak, and sold. We have a little way to go before the really significant support levels are tested. SPX 1975 is the 50 day, and that's the first chance for a decent bounce. We are not even looking at SPX, trading IWM which is looking very sick. SPX (cash not futures) closed at the low of the day, which isn't encouraging for bulls.Leftbacknoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-56083773822657667262014-09-23T19:03:26.148+01:002014-09-23T19:03:26.148+01:00Sell off started in EU, so lets watch there to see...Sell off started in EU, so lets watch there to see if we get a bounce. Looking on edge here. VIX and HYG arent confirming anything alarming, YET<br /><br />RTY one to watch, along with consumer stocks. <br /><br />Feels like a BABA bull trap, especailly as EM is trading weak. abee crombiehttps://www.blogger.com/profile/13320039155613443039noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-79083853521017768382014-09-23T18:08:52.170+01:002014-09-23T18:08:52.170+01:00Masters of the Universe are up the creek...
via B...Masters of the Universe are up the creek...<br /><br />via Bloomberg:<br /><br />As trading in dollar-denominated bonds declined 22 percent in the past five years to an average daily $809 billion, so have the jobs, leaving even some of the most senior traders and salesmen moving from firm to firm. Dozens of journeymen are populating an industry that used to attract the young in throngs, lured by money and prestige, according to Michael Maloney, president of fixed-income recruiting firm Michael P. Maloney Inc.<br /><br />“The business model is broken and 50 percent of the people in our world who are in trading are stuck right now,” Maloney said in an interview in his New York office.<br /><br />“For every 10 of them there’s going to be three or four left,” he said. “What’s the timeframe? Well, everybody I know is looking for a job -- not looking for a job, looking for a career.”<br /><br />http://www.bloomberg.com/news/2014-09-22/shrinking-bond-desks-taken-by-journeymen-as-masters-fade.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-50442880497844673662014-09-23T14:12:29.124+01:002014-09-23T14:12:29.124+01:00what if last week strength was the last you saw of...what if last week strength was the last you saw of it?<br /><br />Nicohttps://www.blogger.com/profile/06532015745155347229noreply@blogger.com