Get ready for another week dominated by central banks. What else is new, right? We’ll get the Fed on Wednesday and the Bank of Japan on Friday and make no mistake, these are important meetings. As you’re probably well aware, the FOMC has increasingly embraced its role as the guardian of global stabi
You have to love Richard Breslow. He’s a former FX trader and fund manager and he now writes daily commentary for Bloomberg that usually hits our inbox at around 3:30 a.m. It’s almost worth staying up for. We quote him often and today he didn’t disappoint. Here’s an excerpt: “After the BOE and ECB m
One of the rather disturbing things about today’s markets is that the sellside is increasingly incredulous and confused about what’s going on. To be sure, you always want to approach anything the Street says with an appropriate level of caution - that is, take it with a grain of salt. That goes doub
This was supposed to be Mario Draghi’s day. See the thing is, Draghi, Janet Yellen, and Haruhiko Kuroda have to share the central banker spotlight. Who gets the most attention at any given time depends largely on the prevailing market mood and which one of the trio is perceived as being in the best
Do you know what to do when US stocks fall? You buy the dip, of course. Do you know what to do when Treasurys slide (i.e. yields rise)? You buy the dip, of course. This is a market where “buy the dip” is no longer a derogatory reference to the knife-catching propensity of retail money.
On Tuesday we brought you a full preview of this week’s ECB meeting after which Mario Draghi is generally expected to talk a lot about how the bank remains prepared to do all sorts of accommodative things in the event the economic outlook in Europe gets even cloudier following the UK’s decision to l
One of the interesting things about being in the proverbial loop when it comes to market commentary is that you’re never really sure whether a given narrative is “real” because it accurately describes the current environment, or whether it only became “real” because the Street penguin procession all
Since it’s all about central banks these days, we might as well look ahead to Thursday’s ECB decision. This an important meeting, as it’s the first Draghi and friends powwow since the Brexit vote. Remember, the committee plunged even further down the policy rabbit hole in March when Draghi announced
Want $26,800 of free furniture? Of course you do. And all you have to do to get it is move to London. As Bloomberg reports, “London homebuilders are offering to pay sales taxes, gift 20,000 pounds ($26,800) of furniture and the chance to win a free parking space as Britain’s vote to leave the Europe
A long time ago, in a market far, far away, a bloody military coup in a NATO member country seeking European Union membership would have mattered. It would have mattered even more if analysts suspected that the siege was in fact engineered by an increasingly autocratic President intent on consolidat
