The Aussie dollar is still struggling this morning:
Bonds are strongly bid though it’s not showing up on the chart:
The XJO rocket has flamed out for now:
Big Iron is seeing some profit-taking:
Big Gas has way overshot:
Big Gold is still being flushed. DXY is going to weaken next year so BTFD!
Big Banks have come off as well:
As Big Tech gets another blow into the bubble:
It’s all about yields at the moment. Up equals the value and cyclicals bid. Down equals the growth and tech bid.
Stocks can’t lose, except for this:
In my view, the US will be in an outright crisis in a fortnight as hospitals are overrun.
El Trumpo will have his revenge.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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Commodity supercyclers begin to squirm
For the last few months, MB has had to battle a
Macro Morning
Risk markets remained upbeat again overnight but
Macro Afternoon
Its not quite fully risk back on yet, although
Morgan Stanley: We're passed "peak Fed"
Morgan Stanley with the note. Rate of change is
It makes one wonder…
“….Pfizer’s chief executive sold shares worth millions on Monday, the same day the drug maker announced its coronavirus vaccine was more than 90pc effective…..Dr Bourla authorized the sale of these shares on August 19, 2020, provided the stock was at least at a certain price.”
https://www.telegraph.co.uk/business/2020/11/11/pfizer-chief-sold-stock-worth-56m-day-vaccine-announcement/
Good work, but that has already been covered.
too slow
Where are the regulators?
Proably monitoring their brokers who have been instructed to sell at this current peak
this will be the last chance to bail before xmas.
I wrote something on another post this morning re financial decisions in this chaos
Add into your decision at least if everyone is moving clockwise
Take consideration of the possibility running anticlockwise, in the end in markets if everyone is running clockwise blind they are guaranteed to lose
If you are running clockwise with everyone run clockwise with eyes in the back of your head
It’s not always the case but always just think about it before you do anything
Got any cheap long puts you can tell me about?
The financial crisis coming is going to be the worst in anyone’s lifetime
Unless hyperinflation arrives, how can it crash with debt/money this cheap, globally?
Separate the punters from the markets
Punters are stressed to the max
they know its a con, with their futures as the political and economic experiment.
and be assured none of the politicians nor econoists have tried this before
any thing could occur.
Loss of confidence in fiat currency.
Yep, the financial crisis of 2027-9 will be one to watch, as per usual business cycles. Pity we’re in 2020.
buy gold miners hey
what about oil?