Dudley Double-Speak & China Cash Send Stocks To Record Highs As Global Economic Hope Crashes
"This is madness... this is the new normal..."
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Monetary Madness - Beware The FOMC Jaberwocky
Authored by EconomicPrism's MN Gordon, annotated by Acting-Man's Pater Tenebrarum,
Down the Rabbit Hole
“The hurrier I go, the behinder I get,” is oft attributed to the White Rabbit from Lewis Carroll’s, Alice in Wonderland. Where this axiom appears within the text of the story is a mystery. But we suspect the White Rabbit must utter it about the time Alice follows him down the rabbit hole.
Pick a rabbit to follow…
Goldman Warns Of Rising "Potential For Rate Shocks"
Just in case you are not sick of reading about record low volatility yet (yes, the WSJ had another piece on it this morning "Market Volatility Has Vanished Around the World"), here is Goldman's Ian Wright pointing out that "central bank meetings didn't jolt rate vol" (in case anyone didn't notice), and is the latest to warn that "the potential for rate shocks has increased over longer-term horizons as more pressure builds for rates to rise."
Are Russia And The Saudis Planning A Natural Gas Cartel?
Authored by Cyril Widdershoven via OilPrice.com,
The fledgling production cut strategy of OPEC (Saudi Arabia) and non-OPEC (Russia and the FSU) shows that a new strategy is needed to counter the ongoing doubts in the markets.
FANG Falters As Best-Performing Tech Fund Manager Warns "When Things Are This Elevated, It's Best To Be Cautious"
Joshua K. Spencer has managed his T. Rowe Price Global Technology Fund to become the best-performing mutual fund in the past five years with big bets on Amazon and Tesla is now selling some big winners... and it's sending FANTASY stocks lower...
FANG stocks are rolling over...
And FANTASIA (Facebook, Amazon, Netflix, Tesla, Alphabet, SalesForce, Intel, and Apple) stocks are falling back from their 50% retracement...