I’m streamlining my twitter feed a bit to cut down on noise and to make it easier to keep track of key information links to refer to later. In Quick Takes I post links I find of interest & relevant on any given day. These links will cover a broad spectrum of items, from the market impacting/relevant to economic & political news, social and the occasional potpourri/humorous and I may add a quick thought/impression.
If you, as I am, sift through tons of news throughout the day to stay informed then you may come to find these Quick Takes as a useful resource.
QT: Adding to debt is a campaign promise in Italy. The time of budgetary constraints are long gone. Debt is consequence free. Don’t you know?
QT: As we saw yesterday with Feinstein’s tweet, banks are heading toward the continent and that’s impacting real estate:
Just left Frankfurt. Great meetings, great weather, really enjoyed it. Good, because I’ll be spending a lot more time there. #Brexit
— Lloyd Blankfein (@lloydblankfein) October 19, 2017
QT: Monthly money flow readings are historically stretched. Retail has left the sidelines and is buying the most expensive market in years.
QT: Well duh. And this will be the headline script for years to come anytime there’s bad economic news anywhere, be it ECB, BOJ, BOE, or FOMC.
QT: Stock futures flew again to new highs in overnight action on the Senate passing a budget resolution. Why? Because it raises the specter of tax cuts. The link above gives a good outline who actually benefit and who doesn’t. Don’t be fooled by the public narratives. If wealth inequality was the impetus for Donald Trump’s election every record high tweet is a celebration of wealth inequality expanding. It has nothing to do with the underlying fundamentals. It’s a giddy expectation of more free money that benefits the few, not the many.
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