Archives: October 2016

The Day Today 19 Oct 2016

* 9 of 12 regional Fed Banks want a hike in the discount rate, highest proportion since Dec last year: ‘Most directors noted tighter U.S. labor markets across skill levels and different sectors, accompanied by upward pressures on compensation for many categories of workers’ * BAML Fund Manager Survey shows highest levels of

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Why is nobody listening to this?

Given the propensity for market noise, whether the fictitious application of a narrative to suit the particular cognitive dissonance, or simple chitter-chatter, it is always surprising to consider what is not being talking about. Exhibit A… Stan Fischer’s speech yesterday. Yes, yes, OK so he gave no comments on the short term direction for interest…

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The Day Today 18 Oct 2016

* Fed Fischer: US is “very close” to its employment and inflation targets; warns that current 1.75% long run growth forecast might bring down equilibrium interest rate by 120bp * BOE Broadbent: GBP is “shock absorber” for the economy *

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Slowly slowly catchy breaky

After a hiatus of her own, Blondemoney returns to find one stand out fact. Not an awful lot has happened (aside from some more GBP histrionics), so why on earth is the Vix jumping out in our classic cross asset vol chart? In these vol-compressed wall-of-money buy-the-dip days, even a 2% down move in stock…

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The Day Today 17 October 2016

* UK ComRes Poll: 49% said govt should prioritise trade deals, 39% on reducing immigration * UK falls out of Top 5 investment sites for first time in 7 yrs: E&Y survey * BOE Carney: “not indifferent” to level of GBP, “it does factor into our thinking” *

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