FX is moving a bit in reaction to higher vol and lower stocks. Today I cover an interesting study on EMH, and the epic short position in corn.
NZ inflation tonight is a potentially critical input for RBNZ pricing. The market is asleep on what a Trump victory might mean for the USD.
FX vol tends to pick up in August, but it has nothing to do with the Olympics.
I am not one to call every bull market a bubble, but this moment feels a tad Bubblicious™. Stocks only go up. TINA is alive.
An announcement, CPI, and the GOAT on equity concentration.
Peripheral debt and EUR in the spotlight as memories of the Eurozone crisis bubble up.
My confidence in the disinflationary narrative I was seeing for the past six weeks has fizzled and I am going to just be agnostic for a bit. Let’s see what happens.
Economist forecasts for tomorrow’s jobs report lean to the strong side but I think they should lean to the weak side.
The runup trades into ECB and BoC are done. Gold might be overvalued.
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