me too
market vibes
December 3 …)
Oi, Nigel. Buy me pint and you got my vote Mate.”
In the news
“Me too,” freedom is breaking out everywhere. Reform in Europe is rising. Larry Fink is the new Lex Luthor. Barrack Obama the new Joker. Holy sht, Batman! What’s the Sharpe ratio of freedom? Does anyone know?” Michel Barnier said France has reached its “moment of truth.” True that, my friend. True that.
In the height of irony Marine Le Pen, the putative right-wing leader, is set to join a left-wing coalition to topple the Centrist French Government as soon as this week. In England the roaring lions may lie down with the lambs. Nigel Farage the leader of Reform in the UK may actually get an invitation to coalesce with the Tories.
In finance, BBGs says, China’s top leaders plan to start the annual closed-door Central Economic Work conference next Wednesday to map out economic targets talk about tariffs and stimulus plans for 2025, according to people familiar with the matter. Don’t look for smoke from the chimney, you’ll find it in the FX markets. The Yuan has been notably soft lately. A warning to Trump? Bullish for gold?
In equities, according to Citi via BBG this morning, “Short-sellers are capitulating as the S&P 500 Index keeps hitting record highs.” Investor positioning in S&P 500 futures is “completely one-sided,” the strategists led by Chris Montagu wrote in a note.
You got that right, sir. Short sellers are working in a Burger King.
In the metals markets, temptation and discretion fight it out.
