I’ve taken the liberty to cobble together THIS PDF for your dining and dancing pleasure.
It’s something to flip through while waiting for Lacy Hunt’s Q4 missive to drop.
It is arranged as it has been over the years — alphabetically not by order of importance— and is dated (with links for those permissioned) and THIS EDITION of SellSide Observations titled, New year, same old sellside with every excuse in the book as far as NFP stronger than headline, goes. Victory laps, then for everyone (despite the topline miss and oncoming wage’flation?)
QUESTION: How can nobody be surprised by the shocking weak top line NFP yet the CONsensus missed it wildly?
ANSWER: Hindsight truly is 20/20. Make sure you take any / all ‘analysis’ here in THIS PDF with a large grain of salt.
In THIS EDITION you’ll even find notes from those who can see into the future and with great accuracy (or so they’d have us believe),
Spot a trend? Seems as though Team Transitory might have been right all along **IF** this one shop and their crystal ball, turns out to be right but … we’re getting ahead of ourselves.
You’ll ALSO find some from the more understated (and yet, consistently ranked as tops in the stratEgery biz) staying IN 5s30s flattener and this week, looking at / adding 3s5s FLATTENING
… For a new trade this week we’ll look to 3s/5s and take advantage of the dramatic steepening that has pushed this front-end curve to its steepest level since November by putting on a tactical flattener as stochastic begin to curl from oversold (steep) territory. We won’t question the underlying motivations behind the repricing, but are of the mind there is room for a period of retracement if only to work off some of the technical extremes. In terms of levels, we’ll leave a tight stop just beyond the 200-day moving average at 41 bp, with a target of 29 bp to be achieved in the next two weeks.
I could go on. But I won’t. Have yourself a POINT AND CLICK up and through THIS PDFfor more (22 charts for 2022 -BAML) in between games tomorrow OR if you are having any trouble sleeping at night…
