Good morning. Don’t look now: the US high yield market is weakening again…
https://www.bondvigilantes.com/blog/2017/04/06/cracks-reflation-trade/
The news that will dominate today…
http://www.reuters.com/article/us-global-markets-idUSKBN179031
Cool chart on the historic composition of the Dow
http://ritholtz.com/2017/04/life-times-dow/
The bubble of our day?
https://www.economist.com/news/finance-and-economics/21720134-japan-dominated-index-late-1980s-didnt-end-well-americas
Two chapters of the Global Financial Stability report have been published!
http://www.imf.org/en/Publications/GFSR/Issues/2017/03/30/global-financial-stability-report-april-2017
More soft data
https://www.bloomberg.com/view/articles/2017-04-05/the-fed-knows-better-than-to-be-fooled-by-weak-soft-data
Repo market technicals. Get you repo market technicals here!
https://ftalphaville.ft.com/2017/04/06/2186953/the-ecbs-upcoming-repo-market-headache/
A pretty cool long-term track record on Japan warming
http://www.economist.com/blogs/graphicdetail/2017/04/elephant-bloom
Meanwhile in Venezuela
https://www.economist.com/news/finance-and-economics/21720289-over-past-year-74-venezuelans-lost-average-87kg-weight-how
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