tag:blogger.com,1999:blog-34323687.post767866280945630786..comments2024-03-29T15:07:48.008+00:00Comments on Macro Man: Divvy thoughtsMacro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-34323687.post-31458816482133635832016-08-04T00:23:31.553+01:002016-08-04T00:23:31.553+01:00"varoufakis"
It's a perspective. One..."varoufakis"<br />It's a perspective. One of many ,but not particularly insightful or more valid simply because it comes from him. Let's face it we all struggle to escape the bounds of our own bias when it comes to trying to explain and validate these type of issues.V is certainly no different in that respect.checkmatehttps://www.blogger.com/profile/03688082792316894545noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-22800881395768121852016-08-03T23:56:15.626+01:002016-08-03T23:56:15.626+01:00The fail will be epic...
Bloomberg Headline of art...The fail will be epic...<br />Bloomberg Headline of article in wkly Leveraged Capital newsletter: "Tidal Wave of Insurance Cash Pointed Toward Junk Bonds"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-63671873196772433612016-08-03T21:27:19.224+01:002016-08-03T21:27:19.224+01:00http://failedevolution.blogspot.gr/2016/08/varoufa...http://failedevolution.blogspot.gr/2016/08/varoufakis-alert-financialized-capital.htmlNicohttps://www.blogger.com/profile/06532015745155347229noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-78553867419004947122016-08-03T16:36:22.816+01:002016-08-03T16:36:22.816+01:00South African municipal elections today. No clue w...South African municipal elections today. No clue who wins and little clue how market will interpret. A successful outcome for pro-business DA may be seen positively, but ANC losses that spur populist fiscal stimulus ahead of the 2018 elections would have negative implications for the credit rating. That said, when I look down a list of EM currencies ordered by FX-implied rates, ZAR stands out as the high-yielder with a central bank that actually welcomes more appreciation.johnonoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-37286804034429347442016-08-03T15:18:50.778+01:002016-08-03T15:18:50.778+01:00Today's strategy: Equities down a couple of da...Today's strategy: Equities down a couple of days... gotta be time to buy more right? #easy_money<br /><br />PS What're these "really big systemic risk off events" that LB was talking about yesterday? Is that like when ES is down 10 handles? lolz12yo HFMnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-30789157012480369552016-08-03T12:58:05.054+01:002016-08-03T12:58:05.054+01:00Indeed; index reconstitution is your friend over t...Indeed; index reconstitution is your friend over time. Also, once you've cut your dividend to zero (looking at you, DB), there's limited downside from there (one would hope...).<br /><br />So the SX7E / divi correlation is interesting and perhaps well-founded, but inherently unstable, and I would expect it to begin to decouple in a bank stress scenario as we're experiencing at the moment.<br /><br />Micro observation: Z0 is expensive vs Z9 and Z1. If I was punting long, I'd pick one of those two, depending on my predilections.<br /><br />Thud and Blundernoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-27102714710165500602016-08-03T11:48:53.646+01:002016-08-03T11:48:53.646+01:00Isn't this a function of the banks weight in S...Isn't this a function of the banks weight in SX5E, which i would guess has been falling? (Haven't checked)<br /><br />Another reason to prefer the div trade, your underlying automatically (if slowly) rebalances to companies which aren't at zero. Anonymousnoreply@blogger.com