Gas prices recede, in what one fund manager said was "a clear positive for the gilt market”, as it would both “cap the near-term inflation spike and reduce the risk of second-round effects”
www.ft.com/content/d645...
US stocks race back to a record high 🚀
www.ft.com/content/7d30...
Investors again take the lesson that threats can be ignored.
As a banker put it to me the other month, there is an increasing focus on the modal outcome. so BTD. But does it leave the market more vulnerable to the one that sticks?
www.ft.com/content/218e... 🙅♂️
just needs the bearish Europeans to disappear for the day
The S&P 500 is outrageously flirting with 7,000. Outrageous
Fiscal interventions to insulate consumers from energy shock "something to watch very closely", Pimco investor tells journalists
www.ft.com/content/4021...
Also, the manager's CIO earlier said it was "not thrilled" with its gilts overweight, but felt broader market was tending to the pessimistic
one fund manager text me "there’s a whole Back to the Future path we can go down if this theme catches on"
en.wikipedia.org/wiki/Biff_Ta...
Other acronyms are available 😂
bsky.app/profile/domw...
Spend more on defence, spend to insulate businesses and consumers, spend on energy independence
Investors bet this pressure will "increase fiscal strain" for European economies with bad starting points on debt, such as Britain, Italy, France, dubbed the Bifs
giftarticle.ft.com/giftarticle/...
“if any one of those has problems, the whole sector will widen out"
I spoke to an investor betting against US life insurers (via CDS) over their private credit exposure. A snippet in this story led by NY colleague Michelle Chan
www.ft.com/content/14cf...
we really do have world-beating lead times. getting ships with the right gear somewhere, having trials, there is nothing we can't do slowly
so our choices were either being nuked or having our economy wrecked? lovely stuff
making waves today
SCOOP: Pimco's Erin Browne is heading to the Treasury department for a role held by the likes of Tim Geithner, Larry Summers and Lael Brainard www.ft.com/content/b42b...
can't believe this hug-a-hoodie stuff from the pope
www.ft.com/content/d3ba...
Iran-affected markets are worse today, but not big moves. seems there is still optimism out there that there can be a deal
live blog: www.ft.com/content/2324...?
this story is reminding me of one of Catholicism's best quotes
"When I give food to the poor, they call me a saint. When I ask why they are poor, they call me a communist"
as.ft.com/r/3e3af84e-c...
au revoir mes amis
“We think the market is underpricing the probability that central banks will have to cut interest rates further out, in order to offset the growth shock"
Big fund managers going back in the water... betting focus will shift from bad news on inflation to bad news on growth
www.ft.com/content/397d...
👇🏻
seems a great idea: it's well known Iranians very much like the British and there is no bad blood there at all
Read our fin reg editor Martin Arnold's take on the broader report here: including that hedge fund repo borrowing fell by a fifth in the deleveraging www.ft.com/content/132a...
interesting tidbit: the BoE's Financial Policy Committee discussed some of what we had been reporting, an unwind of popular hedge fund bets on short-term rates that fed broader market vol
www.ft.com/content/bd91...
o lovely
Chart that tells a story by @raydouglas.bsky.social
from a timely piece by William Sandlund on Chinese government bonds holding their value during the conflict
www.ft.com/content/7221...
It's one of those war is over (if they want it) days on markets. Stocks 📈 Yields 📉 oil 📉
www.ft.com/content/bd91...
This is a real cautionary tale for journalists thinking of using AI for editing/amending/adding text to their work www.theguardian.com/books/2026/m...
it's a grim thought
www.ft.com/content/b2c8...
