Trading | October 18

At the start of the month, we highlighted that the “incredibly shrinking junk bond spread” had just passed a historic landmark, when the Bloomberg Barclays U.S. Corporate High Yield index broke below the lowest spread since before the financial crisis, dipping

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Trading | October 18

According to a new real-time economic monitor launched by JPMorgan this week, the US economy has a roughly 28% chance of falling into a recession over the next 12 months, a pessimistic take which is double the prediction spit out by

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Trading | October 18

Authored by Mike Shedlock via MishTalk, Tether is a crypto, supposedly pegged to the dollar. On Oct 14, it fell to $0.86. Long-standing concerns surfaced again. I will get to the new concerns in a moment, but first let’s review how

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Trading | October 17

The FOMC September meeting minutes will be published on 17 October 2018 at 2pm ET, when the Fed hiked by 25bps and removed the “accommodative” language, which was initially seen as dovish, but subsequent hawkish comments by Fed Chair Powell, according

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Trading | October 17

With investor attention increasingly focused on China’s credit pipeline to see if the recent crackdown on shadow lending has unlocked other sources of debt in a country where growth is always and only a credit phenomenon, and where both the housing

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Trading | October 17

In the latest indication of the Trump administration’s efforts to root out alleged leakers, a senior Treasury Department official working in the Financial Crimes Enforcement Network (FINCEN), Natalie Mayflower Sours Edwards, has been charged with leaking confidential financial reports to the media

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Trading | October 17

In an odd reversal from normal, it is the US equity market that is reacting and bond and FX markets that are ignoring the extreme hawkishness of the Fed Minutes… Stocks are down across all indices.. The dollar is up modestly

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Trading | October 17

After Powell’s ‘reassuring’ hawkish speech, following the briefly dovishly-interpreted Fed statement, all eyes are back on the FOMC Minutes today to see just how assuredly The Fed will stick to its 25bps-per-quarter trajectory, come hell (stock crash) or high water (inflation).

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Trading | October 17

Authored by Raul Ilargi Meijer via The Automatic Earth blog, Chill! They can’t help themselves even as they hurt themselves. Look guys, chill! I saw someone imply on Twitter that Donald Trump is an accomplice in a murder cover-up. This person

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Trading | October 16

On Tuesday, United States Judge Alison J. Nathan signed off on the proposed settlement between the Securities and Exchange Commission, Tesla and its CEO, Elon Musk. This settlement puts to rest the SEC’s action against Musk regarding his now infamous (and

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