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Rabo: Where's The "Return To Normality" We Were Promised?

by Tyler Durden Authored by Michael Every via Rabobank, The Normality We Were Promised Happy Friday! It’s end of the week and the end of the month, and a third of 2021 is now already behind us.  Does it feel like the promised return to normality for you yet? Maybe it does for some markets, with US stocks at the latest highest-ever high; and while commodity prices aren’t  that high, they are certainly at the highest for many years – and still rising for a variety of reasons. Meanwhile...
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Dallas Fed President Spooks Stocks: "We've Got Real Excesses In The Housing Market", Rate Hike Needed In 2022

Expand Dallas Fed President Spooks Stocks: "Weve Got Real Excesses In The Housing Market", Rate Hike Needed In 2022 by Tyler Durden Friday, Apr 30, 2021 - 11:04 AM On Wednesday, Fed chair Jerome Powell raised some eyebrows - and launched some sell programs - when in the middle of a lengthy tirade about how there is no inflation, soaring prices notwithstanding, he admitted that some assets were "frothy", yet paradoxically without acknowledging the Feds explicit (and dedicated) role in creating a...
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Rabo: The Fed Wants Everyone Putting All Their Money Into Stocks

by Tyler Durden By Michael Every of Rabobank Smthng mprtnt s mssng Rdrs my nt tht tdy’s Dly ds nt lk qt th sm s nrml. Why, y my sk? Wll, bcs dcdd t jmp n th bndwgn strtd by Stndrd Lf brdn, whch ystrdy rbrndd s brdn. Wht brllnt mrktng! Hw d y prnnc “brdn”? “brdn”? “brdn”? “b r d n”? nywy, I thght tht why nt g n frthr nd rmv ll th vwls frm th Dly t mk t twnty-frst cntry, tc. Dn’t wrry f rdng t cnfss y t frst. Y wll b srprsd jst hw qckly th brn cn dpt t n vwls. Spkrs f Smtc lng...
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23Apr2021 Midday Update: Wall Street Rises, But Heads For Losing Week On Higher Tax Fears, DOW Up 200 Points, Nasdaq Up 1.1%, WTI Crude Lower At 61.18, Bitcoin Continues Fall, Now At 1 2:00 ET 49100

Former Olympian and Reality TV star Caitlyn Jenner has just announced plans to run for California governor as Democratic Gov. Gavin Newsom faces a recall election amid widespread public resentment over his handling of the COVID-19 pandemic, which has hammered the Golden State despite Newsoms restrictive, economy-killing measures. In a statement shared on her twitter account, Jenner promised to fight for small business owners, lamenting that businesses across the state have been "devastated beca...
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Rabo: The Irony Is That Both Wall Street And Silicon Valley Went All-In To Get Biden Elected

Rabo: The Irony Is That Both Wall Street And Silicon Valley Went All-In To Get Biden Elected by Tyler Durden By Michael Every of Rabobank Now THATS escalation! What a relief that a Russian troop withdrawal and an explanation short of Iran targeting Israel’s nuclear reactor mean the near-term risk of Hot War is removed,…and we can get back to focusing on Cold War (as more bipartisan US anti-China legislation races through Congress). Let’s forget about military experts concluding that becau...
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Rabo: Even QE-Addled Markets May See This As A Tail-Risk Off

by Tyler Durden By Michael Every of Rabobank Narratives in the raw Yesterday’s big speech from Russian President Vladimir Putin was mostly focused on domestic issues. Apparently his economy is clearly not in a good state – which makes one wonder who has been running the place for nearly 20 years. Yet there was a very blunt comment about Russia’s “dire” demographic outlook – and an equally blunt warning that while Russia did not want to burn bridges with other countries, it would se...
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