Thread by @Trinhnomics

Good morning!!! Today is 8 January and US Treasury 10 year is at 1.08%!!! You know who likes this? Banks! Steepening/reflation trade hard at work in early January already 🤗.

Well, it's now 1.09%. Let's look at the global vaccine update! Israel & UAE are rocking the chart. UK, US and Denmark also climbing! Europe has begun its effort and showing up now.

Here is markets post Georgia Senate races & Biden certification:
*Equities up! (More fiscal = more growth from the US) while rates & QE stay low thanks to le Fed
*USD strengthens on steepener + stronger growth expectations of the US
*Bond sell-off not just in the US but also Asia

"Look ahead, beyond what we see now, which is chaos and pandemic,” said @Trinhnomics @natixis “In the short-term, the Fed will keep rates low & QE to help the recovery & we’ll likely get more stimulus and certainty, not to mention vaccine distribution.”

bloomberg.com/news/articles/…

GS is going long Polish equities (and pretty much EM). Guess who said to entertain EPOL at le bottom (Brazil too)? 🇵🇱💥

Can't get hurt falling out of the basement investment thesis or mean reversion due to excess liquidity, reflation, risk on in action.

Pick a point of entry for unloved EM equities & look at that rally!

Here is Indonesia, many chances to buy this esp as the news on Indonesia was pretty negative around, well, Q1, Q2, Q3 2020. But guess what???

Well, you know what happened! 💥🇮🇩

In case you are wondering, this is 2021 & we're on 8th January & this is what it looks like.

Yes, for the KOSPI that is 1% per day or 8.2% ytd gain already💥🇰🇷

Vietnam stock index on a tear too 🇻🇳💥