Why The Fed Will Never Normalize Rates (In 4 Simple Charts)
It's not the economy, it's the debt, stupid...
h/t @NorthmanTrader
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Goldman Gives Draghi An Ultimatum, But The ECB May Be Finally Ready To Snap
The G-20 Shanghai summit was a dud; China's People's Congress fizzled (even if it unleashed the biggest iron ore rally in history, however brief); and so - in a month full of expectations for major policy stimulus (which have so far been vastly disappointing), we approach the one event that is most actionable: the ECB's March 10 meeting and press conference, where expectations are, just like back on December 3, so great - some expect up to a 20 bps rate cut to -0.5%, others expect QE to be increased from €60BN to €70BN per month, yet others believe that Draghi will either extend the TLTRO,
S&P Panic-Bid Above 2,000 As Short-Squeeze Rip Trumps Fed's Fischer Dip
Just when you thoughjt it was safe to chase the biggest short squeeze in history Fed vice-chair Fischer f##ked it all up...
The US equity market has only been more overbought 3 days in history...
Dow, S&P Give Up Squeeze Gains
Only Small Caps are green now as the fallout from Fischer's inflation furore escalates...
Did Fed's Fischer Stop The Squeeze?
With the S&P 500 trading back above 2,000, it appears The Fed needed to do something to tamp down the enthusiasm exhibited by this manic short squeeze. As Fed vice-chair unleashed the following: "We may be seeing the first stirrings of higher inflastion," the short-squeeze ended and everything reversed...
- *FISCHER: WE MAY BE SEEING `FIRST STIRRINGS' OF HIGHER INFLATION
Killing the short squeeze...
Sending gold higher and stocks and crude lower...