Wednesday , 18 September 2019

Monthly Archives: January 2019

Barclays: “Fed Traded Short-Term Market Support For More Volatility Later This Year”

While much of Wall Street breathed a sigh of relief yesterday when the Fed Chair Powell fully threw in the towel to any last trace of hawkishness in the central bank’s monetary policy, boosting asset prices and crushing the dollar now that the Fed’s hiking cycle appears to be effectively over, and making “financial analysis” once again a simple exercise ... Read More »

Trump Won’t Accept Trade Deal Unless China Opens Market To Manufacturers, Bankers And Farmers

President Trump is on another tweeting tear Thursday morning, alternating between comments about the ongoing US-China trade talks and his push to convince a bipartisan group of lawmakers to strike a border security deal that includes funding for his promised border wall. After affirming earlier that a trade deal won’t be struck this week because there won’t be a “final ... Read More »

November New Home Sales Surge By The Most Since 1992

After calamitous declines in December’s Existing- and Pending-Home Sales, and Case-Shiller’s report that home price gains are the weakest in four years,  New-home sales were (like the others) expected to rebound in November (delayed due to the shutdown)… and they did, massively. Against expectations of a 4.8% rebound from October’s 8.9% plunge, November printed a surprising 16.9% MoM surge in ... Read More »

Leaked TikTok ad deck suggests it has 17M+ MAUs in Europe

An advertising pitch deck used by fast-growing short form video sharing app TikTok has leaked, providing a snapshot of usage in its biggest markets in Europe. The pitch deck was obtained by Digiday which says it was sent to a large (unnamed) European ad agency. Metrics and gender breakdowns for the UK, France, Germany, Spain and Italy are included in the deck. The ... Read More »

Here’s why Amazon’s Super Bowl ad won’t trigger Alexa

South Park famously annoyed the world by triggering Echo and Google Home devices with familiar wake words. When Amazon’s at the wheel, however, the company is able to ensure that Alexa stays quiet using a method called acoustic fingerprinting. In the lead up to the Super Bowl, the company’s offered a (relatively) easy-to-understand breakdown of why its celebrity-laden ads won’t ... Read More »

Bipartisan Bill To End Trade War Accuses Trump Of Levying Tariffs “Under False Pretenses”

The fact that the bottom hasn’t fallen out of the US economy (as many free traders warned that it would) has largely vindicated President Trump’s decision to push ahead with his trade war over objections from Republicans, Democrats and business groups from Silicon Valley to Detroit, to the farm belt (and beyond). But while Republicans (and even some Democrats) have ... Read More »

Chicago PMI Plunges To 2-Year Lows

Amidst all the hope – and promises from The Fed that everything will be awesome – Chicago Purchasing Managers strongly disagree as their latest business survey collapsed from a revised lower 63.8 to 56.7 in January… That is below the lowest analyst estimate (range 58 – 63.8 from 24 economists surveyed) and the weakest print since Jan 2017… Business barometer ... Read More »

Dow Dumps At Market Open – Erases Post-Powell Gains

We’re gonna need a dovish-er Fed…   Bonds and bullion remain bid as the dollar skids but stocks rolled over dramatically, not helped by DowDupont and European banks. Read More »

Trader: “Modern Monetary Theory Is Coming… Ignoring It Would Be Foolish”

Authored by Kevin Muir via The Macro Tourist blog, If you read only one MacroTourist post all year, this is the one I want you to read. I think it’s that important. Today’s topic is sure to incite some pretty strong reactions. There will be cries of “no! that’s just wrong!” from the hard-money advocates. The cynics will proclaim “that’s ... Read More »

Saudi Arabia Confirms $100 Billion Seized In “Corruption Crackdown” As Last Detainees Released

It has been more than a year since Saudi Crown Prince Mohammad bin Salman ordered a sweeping “corruption crackdown” that involved arresting dozens of the kingdom’s wealthiest and most well-connected businessmen and political elites and locking them up in an ad hoc prison inside the Riyadh Ritz-Carlton, according to the Financial Times. Almost immediately after news of the arrests crossed ... Read More »