• RT @CNBC: "In relative terms, they've looked cheap and he is absolutely right to do what he's done," @elerianm says about Warren Buffett's…
    Mohamed A. El-Erian Mon 01 Mar 2021 15:30
  • The headline #manufacturing #PMI for #Europe came in at 57.9 for February, the highest level in 3 years and up from 54.8 in the previous month. Also of interest: It remains a 2-speed #recovery; and Some firms are already dealing with supply bottlenecks (from the @FT below). https://t.co/22sIxJ544H
    Mohamed A. El-Erian Mon 01 Mar 2021 12:30
  • More good news on the #Covid-related "horse race" (and, remember, it's a 3-horse race): The vaccine horse is accelerating with the weekend approval of the #johnsonandjohnson #vaccine; The slowing of the infection horse continues; and The new-variant horse is contained for now.
    Mohamed A. El-Erian Mon 01 Mar 2021 12:20
  • Re this data Risk that must be minimized through a well designed policy response is that of a “lost generation” should Short-term joblessness become long-term unemployment; The long-term unemployed become unemployable, losing out to young people joining the labor force every year https://t.co/dbJvHcBlTy
    Mohamed A. El-Erian Mon 01 Mar 2021 03:04
  • The January data for the @JohnWayneAir (Orange County/Santa Ana) illustrate the continued pressure on air travel -- volumes are down some 75% compared to January 2020. #economy #travel #airlines https://t.co/NmkT1O6F53
    Mohamed A. El-Erian Mon 01 Mar 2021 02:09
  • A busy week ahead as #investors seek to recover from recent losses on both #stocks and #bond In addition to lots of #Fed officials speaking, including Chair #Powell, look for: A flood of macro data including US #jobs, Eurozone #inflation and China #PMI; #OPEC+ meeting; #UK budget
    Mohamed A. El-Erian Sun 28 Feb 2021 14:29
  • In an interesting letter (as usual), #WarrenBuffett joins those warning about the level of yields. Here's the link to the letter courtesy of @CNBC Link #investing #investors #bonds #fixedincome #stocks https://t.co/zzDRpf4Tmn
    Mohamed A. El-Erian Sat 27 Feb 2021 17:58
  • From @McKinsey #work #stress #recovery #employment https://t.co/ZhyPYBM6Ql
    Mohamed A. El-Erian Sat 27 Feb 2021 16:43
  • From the “Big Read” in the Financial Times on “the return of the bond vigilantes.” #markets #bonds #economy @FT https://t.co/z5y4w1u1qt
    Mohamed A. El-Erian Sat 27 Feb 2021 05:23
  • Finishing off Friday with a full moon. Wishing you all a lovely weekend. #weekend #moon #fullmoon https://t.co/e1u8j5qAYS
    Mohamed A. El-Erian Sat 27 Feb 2021 03:38
  • Today's US data, including the relief-driven 10% surge in personal income,point to favorable prospects for higher private sector activity Core PCI came in at 1.5%. It's unlikely to remain there if higher private and public sector spending isn't met with greater supply flexibility
    Mohamed A. El-Erian Fri 26 Feb 2021 15:57
  • In addition to the steepening of the yield curves, 3 charts are getting a lot of attention among those assessing the broader implications of the notable rise in yields in recent weeks: The move up in real yields, the behavior of (inflation) break-evens, and this yield convergence https://t.co/BzhsLw0bk7
    Mohamed A. El-Erian Fri 26 Feb 2021 13:07
  • RT @crypto: Bitcoin's price rally is not an isolated phenomenon. It is relevant to the design and effectiveness of economic policies, @eler…
    Mohamed A. El-Erian Fri 26 Feb 2021 12:57
  • From Bloomberg on markets challenging the Fed’s policy framework. Continuing yield curve steepening pushes the Fed in an tighter policy corner—either let the market process play out and risk significant market volatility, or more QE/YCT and underwrite additional cascading risks. https://t.co/SxnWj7Vg1l
    Mohamed A. El-Erian Fri 26 Feb 2021 00:01
  • After lots of volatility, a rough day for #investors due to losses on both #stocks and #bonds. This included a 2.5% drop in the S&P (even worse for the NASDAQ) and an 11 bps surge in 10 year yields. And, remember, these two are supposed to be negatively correlated! More to follow https://t.co/08H7itfYWD
    Mohamed A. El-Erian Thu 25 Feb 2021 21:36
  • Two charts that capture well the selloff pressures in the #markets for both #stocks and #bonds. https://t.co/ChjmhggEZl
    Mohamed A. El-Erian Thu 25 Feb 2021 18:21
  • Again, the Buy-The-Dip conditioning kicks in for #stocks erasing almost all of the initial losses in the major US indices. Having said this, the really interesting action is in individual names/sector where we're seeing major moves in reaction to bottom-up and top-down influences
    Mohamed A. El-Erian Thu 25 Feb 2021 14:51
  • From @BloombergTV https://t.co/crAxmjqyW4
    Mohamed A. El-Erian Thu 25 Feb 2021 14:21
  • The strength of the #Euro is adding to the angst of #European economic officials (first chart). This is also part of a general weakening of the #dollar where the #DXY index is now #trading near the lows for the last 12-months (second chart). #economy #markets #currency #fx @wsj https://t.co/AaguI2zfYc
    Mohamed A. El-Erian Thu 25 Feb 2021 13:26
  • Re data, look for US jobless claims. Consensus expectations are for initial claims to come in at 825,000, slightly better than last week's 861,000. It is clear what the #economy needs -- lower numbers. Less clear is what #markets wish to see, especially given the #policy angle.
    Mohamed A. El-Erian Thu 25 Feb 2021 13:16
  • Once again, the focus is on moves in US yield curves. The yield on 10-year government #bonds is up to over 1.40% early US morning (chart). This follows Fed officials comments, including two-days of Congressional testimony, meant to do the exact opposite (and did, but temporarily) https://t.co/15uht8sVrn
    Mohamed A. El-Erian Thu 25 Feb 2021 12:21
  • From the @FT #economy #markets #inflation #europe #eurozone https://t.co/P8mHCIeX7C
    Mohamed A. El-Erian Thu 25 Feb 2021 03:16
  • What a day for #stocks, and I'm not talking just about the 1-1.4% gain in major indices after a timid start. Remember #GameStop? It's back: #GME gained over 100% during the trading session and more after hour All this as #Fed officials provide repeated reassurance about liquidity https://t.co/U1RRHKgZFh
    Mohamed A. El-Erian Wed 24 Feb 2021 22:20
  • Rotation! Around 24 hours ago, I tweeted a simple chart illustrating the 15 percentage point out-performance of the #banks' ETF relative to the #NASDAQ--and that's just for Jan/Feb The updated chart is below, also with the airline sector: The difference is now 20% points. #stocks https://t.co/IollNmUhih
    Mohamed A. El-Erian Wed 24 Feb 2021 19:10
  • Steepening of the US yield curves has acquired a sense of relentlessness in the past few weeks The impact on #markets is highly differentiated, especially for #stocks: What's good for #banks, for example, is less so for #housing. Also acting as a headwind to the market as a whole https://t.co/fJ44Vd7RUv
    Mohamed A. El-Erian Wed 24 Feb 2021 15:30
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