The conclusion after these news is that repo are used to push few stocks like Apple, Microsoft & amazon to keep the stock market alive & to sell everything meanwhile the economy is falling apart and everyone is long pic.twitter.com/VZSVicqxpv
— The Insider Trader (@AlessioUrban) February 19, 2020
Central bankers are either out of touch with reality, or (and more likely) trying to keep it all together. Low rates are a function of central banks suppressing the global yield curve. NOT a function of investor confidence. t.co/xcl9HDneU0
— IceCap (@IceCapGlobal) February 19, 2020
Fed’s optimism about the economy suggests no rate cuts ahead, but bullish message is contradicted by the ongoing balance sheet expansion.
Minutes say balance of risks “somewhat more favourable”, and talks of a “financial instability escape clause” of the 2% inflation target pic.twitter.com/DDvlnDxh3q
— Daniel Lacalle (@dlacalle_IA) February 19, 2020
FX vol just reached its lowest in 28 years.
Similar levels preceded major downturns:
Asian Crisis, Great Recession, and the EM meltdown.
If only there were a historic debt imbalance somewhere in the world today. pic.twitter.com/u1E5jbV9yp
— Otavio (Tavi) Costa (@TaviCosta) February 19, 2020
— Sven Henrich (@NorthmanTrader) February 19, 2020