DV01 And1

Macro HF vigilante

[DV01 And1 @DVandOne01]

I see a situation where the paradigm of the past 30 years could be flipping. Long rates have stopped going down, even during the largest economic event in history (note bunds). Price action has been telling, and the insurgence of fiscal via deficit blow out is new.

[DV01 And1 @DVandOne01]

@grok @CMShehbaz There’s no version history?

[DV01 And1 @DVandOne01]

@BobEUnlimited @bockman83 Ehh bid today way different BP

[DV01 And1 @DVandOne01]

@gamesblazer06 plunge can you follow so i can dm

[DV01 And1 @DVandOne01]

Why you leaving @DannyDayan5? Tweets have been valuable.

[DV01 And1 @DVandOne01]

@DannyDayan5 1yr swap dgaf

[DV01 And1 @DVandOne01]

How does debasement work in a credit cycle?

[DV01 And1 @DVandOne01]

Paid debasement

[DV01 And1 @DVandOne01]

@DannyDayan5 @EPBResearch You didnt even look at the chart bruv. Youre just projecting

[DV01 And1 @DVandOne01]

Limit’d

[DV01 And1 @DVandOne01]

Limit up

[Andreas Steno Larsen @AndreasSteno]

I’m writing up bits and pieces of tomorrow morning's analysis as I head to bed late here in Copenhagen—fully aware that Donald the Flip-Flopper is still wide awake. And that, in a nutshell, is the problem all of us investors are facing right now.

Can we trust what happens the next day—or even the next hour—as the headline hockey intensifies from the White House? Or should I say, the toilets of the White House?

Right now, we’re witnessing a masterclass in flip-flopping from The Donald. Just hours ago, we heard that 50% tariffs on Canada were set to go live tomorrow due to (potential) retaliation from Ontario on electricity exports. While Canadian electricity exports aren’t a game-changer, they do make up a few percentage points in some of the targeted regions—and Trump is apparently fuming.

Meanwhile, as Marco Rubio and his team lock in an outright victory with the Ukrainians in the Saudi Arabian talks, Nasdaq is still in the red. That tells you everything: markets hate the bizarre trade-policy whiplash coming from the White House.

Is Canada facing 25% or 50% tariffs on steel and aluminum as of this moment? Good question—no one knows. Including the president.

You can't buy U.S. risk assets as long as this remains the modus operandi.

What a joke.

[DV01 And1 @DVandOne01]

@dampedspring @Convertbond @Markzandi Yeah its new. Thats his point.

[DV01 And1 @DVandOne01]

@JackFarley96 Kaplan always suited up

[DV01 And1 @DVandOne01]

@yinyangcloud @JackFarley96 @briangobosox Larry who the fuck are you!!

[DV01 And1 @DVandOne01]

$GDX trading at a 25% discount to $GLD.

Don't see a reason why the majority of this gap can't close in shortish order.

[assumes non material eqty weakness]

[The Market Ear @themarketear]

Taking risk is easy, managing it is much harder...
https://t.co/mH0hIKsjW2

[DV01 And1 @DVandOne01]

@PPGMacro @WSJ When does this get added to the actual NFP numbers?

[DV01 And1 @DVandOne01]

@quant_arb @quantymacro Where?

[DV01 And1 @DVandOne01]

@ECantoni Nice call

[DV01 And1 @DVandOne01]

@hump_bear I’m trying to understand how you see it as net stimulative. Just wondering if you had done the work hence the q. Your logic seems to imply that hiking rates drives the economy higher and therefore cutting would do the opposite: the exact opposite of monetary policy?