Yield Curve Inverts (Again), Dissent w/in the FED, Jay Takes the Stage at 10 am – Try the Tagliata Fiorentina

Things to know -              Yield inverts briefly again and could invert again today -              Trump does a 180 on his recent tax talk -              Jay Powell takes the stage at 10 am   Stocks were all over the place yesterday as the start of the Jackson Hole Symposium got under way – First we got a [...]

By |2019-08-23T11:01:57-04:00August 23rd, 2019|Morning Thoughts by Kenny Polcari|

What’s it All About (Alfie)?  Try the Steamed Lobster w/Drawn Butter

Things you need to know. What’s it all about? Italy in political crisis (again – Yawn) FOMC mins will reveal what? Jackson Hole begins tomorrow So stocks traded up to 2925 ish and failed…..struggling to understand what’s it all about Alfie? ( https://www.youtube.com/watch?v=KoNtj27a6Rk – Classic Dionne Warwick – 1967) Is it just for the moment [...]

By |2019-08-22T11:03:02-04:00August 21st, 2019|Morning Thoughts by Kenny Polcari|

Mkts in Rally Mode, Yield Curve Goes Normal (You’re Kidding!), Geo-Politics Quiet, Trade Thawing. Try the Shrimp Scampi

Things you should know Trade talks appear to     thaw Yield curve no longer     inverted – fueling Risk On around the world Mkts prepare for the     Jackson Hole boondoggle  What a week it was……wild swings in the mkts, caused by more tension in trade talks, more geo-political angst – think [...]

By |2019-08-20T11:09:37-04:00August 19th, 2019|Morning Thoughts by Kenny Polcari|

Sit Tight, China Threatens, 30 yr Falls Below 2%, Curve ‘UN-Inverts’ – Try the Roasted Tomato Risotto

Things you should know Macro data IS weakening     a bit – but not collapsing The Curve did invert for     all of a brief moment China announces     retaliatory measures but doesn’t define them (negative) China then hopes for     cooler head to prevail (positive)  Stocks got HAMMERED and then [...]

By |2019-08-16T11:03:41-04:00August 15th, 2019|Morning Thoughts by Kenny Polcari|

Trump Tweets (Worried about XMAS) Mkts Surge, Global Eco Data Disappoints – Mkts Fall – Try the Ratatouille

Things to know Trump Tweets Again –     halts tariffs (for now)  He’s concerned about the Holiday’s Algo’s go psychotic Gold backs off     (expected) And this morning – the     Yield Curve inverts – sending futs LOWER   Trump Tweet Tirade……which two weeks ago set off a global re-pricing of stocks, bonds, [...]

By |2019-08-15T11:06:10-04:00August 14th, 2019|Morning Thoughts by Kenny Polcari|

Macro Chaos Continues; Investors Go Risk Off – Try the Vermont Maple Syrup/Bourbon Marinade

Things you should know.. Protests in HK force     another day of closure at the airport Is China gearing up to     Invade and Crush? Argentina becomes a     crisis (again)  - Cristina Fernandez de Kirschner rises (again) Treasuries and Gold     become BEST performing Assets   A Black Swan theory (event) [...]

By |2019-08-14T11:11:46-04:00August 13th, 2019|Morning Thoughts by Kenny Polcari|

Mkts Under Pressure (Again), HK in Crisis, Trade Talks May Stall, Italy looking for a New Gov’t – Try the Baby Back Ribs

Monday - August 12, 2019 Things you need to know Mkts under pressure this     morning Unrest in HK GS sours on growth Gold continues to surge     on all this angst.   So – what a week it was and for many – they are glad that it is behind us…from Monday’s plunge [...]

By |2019-08-13T11:03:03-04:00August 13th, 2019|Morning Thoughts by Kenny Polcari|

Mkts Choke, US Accuses China of Currency Manipulation, Futs Plunge Overnight, China Stabilizes – Try the Grilled Cheese

Things to know… China says “We are not a     currency manipulator” US Futs plunged another     600 pts overnight China steps in to     stabilize Yuan US futs rebound and now     look to open higher (that’s relative) UGLY, UGLY, UGLY……Global mkts shuddered and the US mkt got smashed…..By now [...]

By |2019-08-07T11:16:23-04:00August 6th, 2019|Morning Thoughts by Kenny Polcari|

China Let’s Yuan Weaken, Global Mkts Fall, What will DT say now? Try the Chicken w/Hot Sausage and Cherry Peppers

Things you should know China allows Yuan to     weaken Global Mkts Under Fire Trump Yet to Tweet   Stocks ended lower on Friday – marking their worst week in more than two months…..NFP report on Friday?  Was in line – but it seemed to be tossed aside. No one was really paying any attention [...]

By |2019-08-06T11:03:50-04:00August 5th, 2019|Morning Thoughts by Kenny Polcari|
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