Source: Societe General, BlackRock

Category: Fixed Income/Interest Rates, Markets

10 Tuesday AM Reads

My morning train reads (continues here): • The significant problem in small cap (FT Alphaville) • The Gold Standard Was an Accident of History (Macro and Other Market Musings) • U.S. foreign-exchange trading drops nearly 20% (WSJ) • If you want to be rich and powerful, majoring in STEM is a good place to start…Read More

Category: Financial Press

Beware those who are never, and can never be wrong.

Lately, I have been hear an interesting type of argument. It is a form of debate that is both disingenuous and dishonest. We will call this the “Can’t Lose Argument,” or CLA. Worse than confirmation bias, it is a money-losing exercise in narcissism. The CLA goes something like this: A data point will be mentioned,…Read More

Category: Psychology, Really, really bad calls

Guest Host: Bloomberg TV with Stephanie Ruhle 10am-12pm

I am guest hosting Market Makers today with the delightful Stephanie Ruhle from 10 am-12 pm. We will be talking Argentina, IPOs, Tech, and lots of other good stuff. Check it out here  

Category: Media

Well Hedged Predictions

click for original cartoon Source: Medium:

Category: Hedge Funds, Humor, Really, really bad calls, UnGuru

QE Auctions of Treasury Bonds

Category: Bailouts, Federal Reserve, Fixed Income/Interest Rates, Think Tank

10 Monday PM Reads

My afternoon train reads: • Wall Street strategists have been left flat-footed by this year’s gain in the S&P 500 (WSJ) • How Much Can Corporate Sponsors Shape Pension Asset Allocation (Chief Investment Officer) • Gold Bugs Meet Bitcoin Believers to Supplant the Dollar (Bloomberg) • Canada banks tally their tax-compliance tab (WSJ) • Some…Read More

Category: Financial Press

Amazon Fire Phone Review: Full of Gimmicks, Lacking Basics

Source: WSJ

Category: Digital Media, Technology

Where Did All the Bulls Go?

Source: BofA Merrill Lynch, Global Research, Bloomberg   Continues here      

Category: Markets, Sentiment

Rising Rates Unliklely to Kill This Bull Market

One of the oldest rules on Wall Street is, don’t fight the Fed. When the Federal Reserve is cutting rates, you want to be long equities, and when it is tightening, get out of the way. This has been a cause for concern since the Fed began talking of tapering its program of quantitative easing…Read More

Category: Federal Reserve, Fixed Income/Interest Rates, Investing, Markets