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Archive Monthly Archives: April 2018

Goodbye Bill: After Years Of Losses "Most Investors" In Pershing Square Are Running For The Exits

Having raked up embarrassing and nearly total losses in Valeant, JC Penney, Herbalife (actually the loss on this short squeeze is more than total to Carl Icahn’s delight)… the list goes on, we’ve previously pointed out that it’s amazing hedge fund manager Bill Ackman, once a darling of the financial media, still had outside money […]

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Trader: What To Do When Global Growth Is Slowing (As It Is Right Now)

With global economic growth having having hit a notable plateau in recent months in both survey-based takes of the economy, as well as among the more important, hard data, as shown in the following chart summarizing Citi’s G-10 economic surprise index, which after peaking at the start of the year has tumbled into negative territory […]

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Jamie Dimon Explains How To Fix America In 46 Pages

In what CNBC describes as the the “second most-anticipated CEO missive of the year, behind the annual Berkshire Hathaway letter penned by Warren Buffett,” JP Morgan CEO Jamie Dimon released his annual letter to JPM shareholders (coming in a modest 46 pages), where he touted the bank’s record earnings in 2017, shared his plans for […]

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US Reports Biggest Trade Deficit Since The Financial Crisis

With so much attention focused on trade data in recent weeks, Trump will hardly be happy to learn that not only did the US trade deficit grow by 1.6% in February from $56.7BN to $57.6BN, missing expectations of a $56.8BN print, but was the highest monthly trade deficit going back ten years, just as the […]

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Janet Yellen Hits The Paid Speech Circuit

The trading world was taken aback for several moments yesterday when Jefferies’ QE-fanboy David Zervos tweeted an instagram photo that showed what Cloud 9 surely looks like for Fed sycophants: Besides a promo shot for a new “Lord of the Rings” movie, many were left wondering what exactly was going on here. As it turns […]

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Kudlow Doubles Down: US Will "Get A Deal" With China

After coming to the rescue of stock markets yesterday (with the Dow rallying over 800 points off the lows after he warned investors not to “overreact” to trade-related headlines) Kudlow again reassured investors on Thursday morning that the US will get a trade deal with China “over a period of time” as the latest measures […]

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Frontrun The Pershing Square Liquidation: Here Are Ackman's Top Positions

As we reported earlier, it appears that after 4 years of losses, Bill Ackman’s investors finally lost patience with the flamboyant activist and as the WSJ noted overnight, “most investors” are rushing for the exits, with Bloomberg adding that about two-thirds of the capital that investors could withdraw from Pershing Square Capital Management’s private funds […]

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Blain: "A Horrible, Foreboding Sense That Something Is Happening And We Don’t Know What It Is"

Submitted by Bill Blain of Mint Partners If there is nothing to worry about why are we so scared? Maybe its the corporate bond market? “The Texan turned out to be good-natured, generous and likable. In three days no one could stand him.” Another round of tariff slapping as Donald’s White House hits China with […]

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What Will Trump Pick: Plunging Stocks Or Trade War? We Now Know The Answer

One of the long-running debates on Wall Street has been when faced with two choices, a plunging stock market or a full-blown, (perhaps) popularity boosting trade war with China, which one would Trump choose. After all, for much of the first year of his administration, Trump took delight in pointing out the daily surge in […]

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Trump: "We Are Not In A Trade War With China; That War Was Lost Many Years Ago…"

With US stock futures plunging toward their Wednesday lows following China’s decision to strike back against the US by announcing 25% tariffs on on some $50 billion of US imports, including soybeans, airplanes, cars and chemicals, as the news revived fears of an escalating trade war. But in a pair of tweets sent Wednesday, President […]

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