(20/08 10:20) Come parlano davvero gli operatori sui mercati finanziari (1)

Come parlano, tra di loro, gli operatori di una grande banca internazionale, nel mese di agosto del 2023?

Più o meno, come potete leggere qui sotto.

(se preferite, leggetelo in Italiano nel prossimo tweet: ma si perde parecchio)

The Fed is trapped

They can't pivot, they can't loosen, they're destined to break more shit, the yield curves scream this

We had a vaccine for the coronavirus and we found a vaccine - 30 Y fixed - to immunise the US private sector from Fed folly

But here ?? today ??

The vaccine has worked its course The global system sans the vaccine is heading down and respectfully I posit that the US system will join it, - the RoW is already there

+7pc US mortgage rates will break the US, heck maybe rates will trade higher, bring it on, the break will be devastating No one understands this.

You're listening to financial morons on fin TV

Wall Street peddles fantasy

7 stocks have risen precipitously and now everyone has abandoned logic

So yeah, I dare you, be bullish, believe in fantasies In years to come we'll see revisions to the data, hint, they're never revised higher...

Yield curve inversions say we're on a destructive path to the downside You really believe the inversion ends with the 10 y catching up with the elevation of the 2 y, really...

The demand for riskless will overwhelm even Janet's huge supply of Treasury bills

I love my brothers, but its time to stake your allegiance Economics is seeking equilibrium I've never felt more bearish Inflation ?

You need risk seeking financial credit creators

I don't see any...

And we got an $18 trillion behemoth with huge excess capacity to make stuff that will eviscerate companies granting 6% plus wage growth in the West.

Go on, I dare you, raise wages in this environment and face commercial extinction And China's FX stands on a deflationary ledge

You wanna call inflation if red cabbage trades 8 to the US $ ??

What are you ? Romantic, delusional, psychotic ??

Good luck, I'm none of the above

So, yeah be bullish but you're implicitly underwriting a 40% loss : 20pc to test last year's lows and 20% exit fee

Imagine you were just long equities today...

Imagine being 100 % long, imagine a Wall Street investment bank was your principal wealth manager, merde!, you're heading to the poor house...

A night with long knifes will prove instrumental in determining winners vs losers