Trump gets real / Syria / China : more proactive fiscal stimulus / 9 CB's meet over next 2w + current pricing
- Stéphan
- Dec 9, 2024
- 3 min read
Nine Central Bank meetings in the next two weeks will likely deliver rate cuts from the FOMC (23bps cut pretty much priced in), ECB (nearly 30bps priced, exp), BOC (expected and priced 50bps cut) and SNB (40bps priced), BoJ just 7bps priced, RBA first up tonight (just 2-3bps priced, China move, AUD squeeze higher?), RBNZ nearly 35bps priced, Banco do Brazil tomorrow should hike to 12% (BRL weakness) >>> China news, VIX 13% near lows, all should tend to continue to help global markets/risk, bar any real new news!
Trump refuses to guarantee that his tariffs won’t result in Americans paying more, and Trump Says He Has No Plan to Remove Powell at Fed >> less fake news, more reality!
China consumer inflation rate drops to a five-month low >> China vows 'more proactive' fiscal stimulus measures, 'moderately' looser monetary policy
Jeffrey Gundlach / Interview below : ''If interest rates are at 6% for the next 5 years. 50% of U.S. tax receipts would have to go to interest expense''
Former Trump advisor Steve Bannon issued a stark warning to America's wealthiest during his latest War Room podcast, claiming that the United States is heading toward a fiscal crisis that will require sacrifices from the billionaire class
Wall Street veteran David Rosenberg offers up apology for his stock-market pessimism
Warren Buffett: "Hang out with people better than you ... Pick out those whose behavior is somewhat better than yours and you'll drift in that direction. Similarly, if you hang out with a bad bunch, you'll very likely find your own behavior worse over time."
Volkswagen braces for fresh strikes as salary cut talks resume
Romanian top court annuls presidential election result (Friday)
Australia’s AT1 phase out proposal unlikely to be replicated by other regulators
Closer UK and EU ties will boost growth, says Reeves
The price-to-book ratio on the S&P 500 hasn't been this high since around 1999, per BofA
CNBC on X: "China vows 'more proactive' fiscal stimulus measures, 'moderately' looser monetary policy https://t.co/C5GD1BHFg4" / X
''New job postings on Indeed back to late 2020 levels'' not a good trend
Steve Rosenberg on X: "“Russia has lost its key ally in the Middle East” declares one Russian newspaper this morning. Another: “The failure of foreign allies to save Assad is a blow to their reputation.” What today’s Russian papers are saying about the fall of Bashar al-Assad. #Reading Russia https://t.co/lcVt0eIdJ4" / X
Eric Yeung 👍🚀🌕 on X: "Jeffrey Gundlach - 1) If interest rates are at 6% for the next 5 years. 50% of U.S. tax receipts would have to go to interest expense. 2) If interest rates are at 10% for the next 5 years. 100% of U.S. tax receipts would have to go to interest expense! 3) Once recession hits https://t.co/zb3WPqBFDn" / X
Well worth a listen
Hummm, the kind of things you see near market tops?
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