tag:blogger.com,1999:blog-34323687.post8637926004119468366..comments2024-03-28T12:22:11.704+00:00Comments on Macro Man: Bank Holiday Special: Teaching your kids about NIRPMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-34323687.post-67784683638326368242016-02-15T13:10:30.158+00:002016-02-15T13:10:30.158+00:00Happy Chinese New Year! It's the Year of the (...Happy Chinese New Year! It's the Year of the (Rally) Monkey, innit?<br /><br />China devalued the yuan last year to stimulate the economy. Last night China revalued the yuan to stabilize the economy. Makes perfect sense to me. Quite normal market action in Japan, 5,6,7% moves. Healthy....? You have to laugh, really.<br /><br />We definitely are having a +1.0% portfolio day today, and US markets are not even open ( we are long Europe and EMs). Spoos might complete a 100 point move in tomorrow's session since bouncing off Thursday afternoon's low.<br /><br />How's yer bum, Mister Shorty? These 3-day weekends can be a real bitch. Treasury futures are already falling, it's definitely going to be interesting in the bond markets when trading opens in the morning. Watching US high yield is going to reveal a lot about credit market psychology, especially if it fails to bounce here. Is US HY simply tied to the price of oil? If so, there may yet be new lows ahead.Leftbackhttps://www.blogger.com/profile/07728096415928915882noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-83535418661009723672016-02-15T11:18:07.856+00:002016-02-15T11:18:07.856+00:00Bloomberg Business:
- Global rally
- Europe higher...Bloomberg Business:<br />- Global rally<br />- Europe higher<br />- Banks soar<br />- Japan Topix up 8%<br />- Yuan jumps<br />- Oil advances<br /><br />Japan working to "soothe" markets, looking to work with G7 to reduce further falls, according to sources..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-69717734661684169492016-02-15T09:26:32.286+00:002016-02-15T09:26:32.286+00:00anon840
biggest year to date performance ever pou...anon840<br /><br />biggest year to date performance ever pourvu que ca dure<br /><br />i read somewhere that new regulatory pressures since last crisis make any credit arbitrage difficult as banks conserve balance sheet usage by charging higher rates on repo financing. Hence why the chaotic dislocation on credit markets is here to stay<br /><br />we've reached absolute peak market INefficiencyNicohttps://www.blogger.com/profile/06532015745155347229noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-59967431602031559222016-02-15T08:58:50.178+00:002016-02-15T08:58:50.178+00:00In the Asian session we had:
- The biggest Yuan mo...In the Asian session we had:<br />- The biggest Yuan move in 10 Yrs<br />- +1000pt i.e. +7% move in Nikkei<br />- All US/EU futures heavily bid (esp financials/energy)<br /><br />I could almost start to believe that central banks were pushing people into risk assets.<br /><br />What are people's thoughts on this?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-2129930753714569422016-02-15T08:40:40.639+00:002016-02-15T08:40:40.639+00:00Oil has been moving circa 10% per day last week.
N...Oil has been moving circa 10% per day last week.<br />Nikkei up over 7% last night.<br /><br />All normal, well managed markets. With these moves I trust people here are making returns in excess of 1% per day?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-5097679155766103762016-02-15T07:20:58.093+00:002016-02-15T07:20:58.093+00:00Clearly this was made before the "everyone ge...Clearly this was made before the "everyone gets a medal" era........Whammernoreply@blogger.com