Pre-Market Update

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Trade War Vacation Maybe?

Closely weighing the back and forth commentary while considering coming events, the messaging I gather directly from China's state media to the people, as well as the somewhat rooted political positioning (both sides) to this point, I think macro strategist's Cameron Crise's take this morning is a sound one:

Pre-Market Update (video)

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Chart of the Day: Economists Concerned

Per the latest Wall Street Journal Survey of Economists, it ain't just us.

Quotes of the Day: Concerning Trends and Under-The-Surface Stressors

Be it via Fed policy, or fiscal manipulation (per below), when the powers that be attempt to undo the negative consequences of their own actions (without undoing those actions themselves), well, history has proven time and again; that's how debt-fueled asset bubbles are formed.

Pre-Market Update, And A Troubling Trend (video)

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Mission Impossible For The Fed

If this, from Bank of America's foreign exchange strategist Athanasios Vamvakidis doesn't sound familiar, well, then, you haven't been reading our blog: