Extreme cold across the U.S. has sent power prices in Texas surging – Bloomberg
*Spot prices at the Ercot West hub on Monday once again surpassed the grid’s cap of $9,000 per megawatt-hour. pic.twitter.com/AnMTWN7Zkh— Christophe Barraud (@C_Barraud) February 15, 2021
Since the start of June, equity analysts have raised earnings estimates for developing-nation companies by more than 27% – Bloomberg
*That’s just pushed the average forecast on the MSCI Emerging Markets Index to the highest level since January 2020. pic.twitter.com/KrNS6MV8VP— Christophe Barraud (@C_Barraud) February 15, 2021
Roses are red
Violets are blue
Here's what a decade of pump by the Fed and yield-seeking speculation gets you#FedValentines are over.The error exceeds 1929, 2000, and 2007. People will be hurt, and a bubble can be sustained only by worsening its consequences.@FederalReserve pic.twitter.com/vCgzfSRine
— John P. Hussman, Ph.D. (@hussmanjp) February 15, 2021
#liquidity nails it … biggest driver of yield curve. More steepening ahead. 2-2.5% 10-year yield target pic.twitter.com/2cHfbLSv46
— CrossBorder Capital (@crossbordercap) February 15, 2021
Here is the 3-month vol / 1-month vol ratio. pic.twitter.com/gkLJrmZHFy
— (((The Daily Shot))) (@SoberLook) February 15, 2021