The @GameStop rollercoaster continues. After yesterday's sharp drop, #GME is up 40% today. #stocks #bonds $gme #gamesti https://t.co/TcH7TUv74y
Mohamed A. El-Erian Thu 25 Mar 2021 17:35

RT @LesEchos: "Il serait tragique que les dirigeants du monde répètent les erreurs qui ont suivi la crise de 2008, lorsqu'ils ont échoué à…
Mohamed A. El-Erian Thu 25 Mar 2021 17:20

Impressive bounce in US #stocks: As of now, almost unchanged on the day Good to see this accompanied by a more "normal" correlation with "risk free" US government #bonds: Having dipped below 1.60%, the yield on the 10-year is trading now at 1.61, essentially unchanged on the day https://t.co/jzkI3RE26m
Mohamed A. El-Erian Thu 25 Mar 2021 16:25

.@FT on " #Markets brace for large shift from #stocks to #bonds in fund shake-up." I always wonder why #Investors wait for month-end when such re-allocations are so well telegraphed. I suspect, but am not sure, that quite a few have already re-allocated. Link https://t.co/lTTT3o6jjo
Mohamed A. El-Erian Thu 25 Mar 2021 15:50

RT @BChappatta: @elerianm In my opinion, yes, they would have. The goal of the framework revision is to try to find a way to avoid conduct…
Mohamed A. El-Erian Thu 25 Mar 2021 15:35

Market participants pointing to this to explain the latest down leg in #stocks As I suggested 3 weeks ago (also below), this market environment may call for #Fed officials to follow Aaron Burr’s advice to Alexander #Hamilton in the hit @HamiltonMusical: “Talk less, smile more” https://t.co/psRM1SVI1l
Mohamed A. El-Erian Thu 25 Mar 2021 15:25

Continue to wonder the following re the current #Fed policy transition: If officials had known about the 2021 mix of fiscal stimulus and considerable average private sector saving--which of course they couldn't have--would they have opted for the same framework revisions? Views?
Mohamed A. El-Erian Thu 25 Mar 2021 15:05

RT @ProSyn: In this week's #BigPicture, @JosephEStiglitz, @MazzucatoM, @elerianm, and more assess the risks of a highly uneven global econo…
Mohamed A. El-Erian Thu 25 Mar 2021 14:20

From the @WSJ re "With Negative Rates, Homeowners in #Europe Are Paid to Borrow." Not new news by any means. Yet, I'm still taken aback when I read such articles. Makes me wonder about what the cumulative set of unintended consequences/collateral damage may end up looking like. https://t.co/Nm8Sf2PGcw
Mohamed A. El-Erian Thu 25 Mar 2021 14:15

On US data, a good beat on weekly #jobless claims: Initial claims fell to 684,000, the lowest level since the #Covid outbreak. This compares to 781.000 for the prior week and consensus expectation of 739,000. Continuing claims, at 3.87 million, also beat consensus expectation.
Mohamed A. El-Erian Thu 25 Mar 2021 12:45

Search for a dominant market narrative continues (see yesterday's tweet). With the yield on 10-year UST dipping below 1.60% this morning, market commentators now point to the weakness in the #oil #markets to explain #stocks more tentative tone again. I suspect its away from this. https://t.co/HxiQEp2V25
Mohamed A. El-Erian Thu 25 Mar 2021 12:20

From @Axios #Markets. #economy #inflation https://t.co/fVLbVSEwNG
Mohamed A. El-Erian Thu 25 Mar 2021 12:00

Post her bath! #dogs #pups #DogsofTwittter https://t.co/Z59tncsRI6
Mohamed A. El-Erian Thu 25 Mar 2021 00:50

RT @ausbiztv: Fed Chair Powell and Treasury Secretary Yellen continue to caution investors on the state of the economic recovery. But the d…
Mohamed A. El-Erian Wed 24 Mar 2021 22:49

With the 10-year yield moderating again (to 1.61%), commentators are less united on what is driving stock market performance these days Meanwhile, there are some concerns about the retail bid given NASDAQ loses,today's 34% drop in #Gamestop, and stimulus checks spent on reopening https://t.co/2UjwNxdgvr
Mohamed A. El-Erian Wed 24 Mar 2021 20:24

This is interesting in many ways: From the reasons for the 24-hour policy U-turn and what it means for #Germany’s #C ovid fight, to How Chancellor #Merkel remarkable humility will be taken by a population facing Covid fatigue. https://t.co/iiEm0jY4hC
Mohamed A. El-Erian Wed 24 Mar 2021 17:19

From the @WSJ on the encouraging pace of #vaccinations in the US -- both distributed and administered. #covid #covid19 #COVID?19 https://t.co/Ybodsg7MkK
Mohamed A. El-Erian Wed 24 Mar 2021 12:54

Performance for #stocks since the market lows of a year ago for the #NASDAQ, S&P, #EmergingMarkets, and European #markets. The notable decoupling from economic fundamentals reflects the strength of the abundant liquidity paradigm underpinned by ultra-loose central bank policies. https://t.co/CHtE2AJ6tv
Mohamed A. El-Erian Tue 23 Mar 2021 12:23

From the Bloomberg article on US wealth #inequality in 2020 by initial wealth, education, age, race, etc,: "The rich got richer...as wealth created by rebounding stock and real-estate markets skewed toward high earners." Coincided with greater inequality of income and opportunity https://t.co/eGc1UBQTyV
Mohamed A. El-Erian Tue 23 Mar 2021 11:38

As #markets await the joint Congressional appearance of @USTreasury @SecYellen and #Fed Chair #Powell (and several other Fed speakers), slightly lower US stock futures are taking their cue from #European #stocks (below). Yields on government #bonds are lower (US 10-year at 1.63%) https://t.co/RxUm2fhDfL
Mohamed A. El-Erian Tue 23 Mar 2021 11:18

From @goldmansachs https://t.co/6dVfMfl75w
Mohamed A. El-Erian Mon 22 Mar 2021 23:37

This, from the @FT, is consistent with the concerns expressed earlier by @ECB officials regardng an "undue tightening" of financial conditions due to spillovers from US-related economic and market developments. Link #economy #markets #centralbanks #fed #bonds https://t.co/MujapBtVwx
Mohamed A. El-Erian Mon 22 Mar 2021 17:42

RT @SquawkCNBC: "What has changed is not that the new central bank governor has reduced interest rates. It's that people's confidence in th…
Mohamed A. El-Erian Mon 22 Mar 2021 17:32

I suspect that most economists agree that a government policy initiative dominated by pro-productivity/growth measures is needed to sustain and broaden over time the 2021 recovery. The key questions relate to design, size and political feasibility -- all of which are now in play. https://t.co/WiJRsNValZ
Mohamed A. El-Erian Mon 22 Mar 2021 17:32

RT @CNBC: "Go further down in your assessment, become much more granular at this point," @elerianm advises investors. He discusses what he…
Mohamed A. El-Erian Mon 22 Mar 2021 15:37