Daily Archives: June 15, 2020

Surprise surprise…

CAPEX expectation barely rebounded last month.

Companies are reluctant to spend capital.

Hard to see labor markets going back to normal any time soon. pic.twitter.com/Nt1EJjHrHE

— Otavio (Tavi) Costa (@TaviCosta) June 15, 2020

#Sentiment, especially with #retail #investors has gotten a bit ahead of itself. pic.twitter.com/0jiuB0yosi

— Lance Roberts (@LanceRoberts) June 15, 2020

"People buy the most at the top and the least at the bottom." – Bob Farrell pic.twitter.com/QY6sdFjkgi

— Lance Roberts (@LanceRoberts) June 15, 2020

Book depth for S&P500 futures making a run at the lows again. YS #DriehausAlts pic.twitter.com/nm6CQz77SQ

— Driehaus (@DriehausCapital) June 15, 2020

TIC data for March was really interesting – huge drop in net purchases of US securities, biggest fall ever (including Treasuries! Unexpected) – but more than offset but the surge in banks' USD liabilities to foreigners, biggest rise ever (foreigners increasing USD deposits) pic.twitter.com/e5zSy468np

— Mike Bird (@Birdyword) June 15, 2020

Summary Key Macro Events (June 15-21)

*BoJ meeting (16)

*Fed Powell speech (16 & 17)

*SNB meeting (18)

*BOE meeting (18)

*EU recovery fund (19)

*Trump rally (20)


 

The Bank of Japan is expected to leave its main policy levers untouched Tuesday as it assesses a raft of measures already taken to support the pandemic-hit economy https://t.co/u0cAn0LoJ3

— Bloomberg Australia (@BloombergAU) June 14, 2020

The Week Ahead: Fed's Powell speaks to Congress https://t.co/WzWjNEopGL

— Panda Trading Systems (@SystemsPanda) June 12, 2020

#EU LEADERS TO DISCUSS #RECOVERY FUND FOR COVID-19 ON JUNE 19 – BBG

— Christophe Barraud (@C_Barraud) June 15, 2020

President Trump has moved his campaign rally in Tulsa, Oklahoma, to June 20 from June 19, which is Juneteenth, marking the end of US slavery https://t.co/Q0qKxtNm1i

— CNN Breaking News (@cnnbrk) June 13, 2020

Bond Markets Have a Trillion Reasons to Brace for Super Thursday – Bloomberg
*Link: https://t.co/XVkC4xOFTp pic.twitter.com/uLmBeYB7kz

— Christophe Barraud (@C_Barraud) June 13, 2020

BoJ meeting, Trump rally, EU recovery fund https://t.co/DmBDPH2YM6

— FT Economics (@fteconomics) June 14, 2020

Americas

Dow futures drop 300 points as Wall Street set to extend last week's sharp losses https://t.co/5HNrxo6CEf

— CNBC (@CNBC) June 14, 2020

Record spikes in new #coronavirus cases, hospitalizations sweep parts of U.S. – Reutershttps://t.co/sOETAI6DD6

— Christophe Barraud (@C_Barraud) June 15, 2020

Cuomo Issues Stern Warning Aimed at Avoiding Second #Virus Wave – Bloomberghttps://t.co/4EysVYGtYb

— Christophe Barraud (@C_Barraud) June 15, 2020

Asia

#China | #Beijing clustered infections at high risk of spreading: vice premier – Global Timeshttps://t.co/yZqxGLlElP

— Christophe Barraud (@C_Barraud) June 15, 2020

#Japan | #Tokyo Sees Most Virus Cases Since May 5 as It Eases Restrictions – Bloomberghttps://t.co/s092DPIVpT

— Christophe Barraud (@C_Barraud) June 15, 2020

#China's factory output perks up but consumers stay cautious – Reutershttps://t.co/dAhv0dbQwP

— Christophe Barraud (@C_Barraud) June 15, 2020

Europe

Boris Johnson to tell EU leaders: I want a #Brexit deal by autumn – The Telegraphhttps://t.co/dsZwXlvZaG

— Christophe Barraud (@C_Barraud) June 15, 2020

German Contribution to EU Budget Will Rise by 42%, Welt Reports – Bloomberghttps://t.co/WXvvws2Xh9

— Christophe Barraud (@C_Barraud) June 15, 2020

#Bundesbank Urged to Evaluate #ECB Bond Buying in Draft Research – Bloomberg
*Augsburger Allgemeine link (German): https://t.co/eJh5WIvJ9L pic.twitter.com/jlt95kPhXD

— Christophe Barraud (@C_Barraud) June 15, 2020