What protection are you paying for? Marine Le Pen’s proposal to take France out of the euro is once again raising questions about whether CDS will “do what it says on the tinâ€. As on previous occasions, we fear the answer is “not necessarilyâ€
Day: February 16, 2017
Must Read: Wall Street Explains Why We All Need Wall Street
Well, if this isn’t the very definition of serendipitous, then I don’t know what is.
What Trade War? Market Is Mispricing The Swans (Again)
If I’ve said it once (and I’m pretty sure I have), I’ve said it a
Good News: Hedge Funds Might Have A Chance To Beat Benchmarks In 2017
So what does any of this mean for average investors? Well, intuitively, it means there’s a chance for you to go out and find yourself some alpha by returning to your roots as an expert stock picker (boy, this post is just dripping with sarcasm).
Chart Check (“The Road To Nowhere”)
Walking up the down escalator…
“Tortured Traders” And Uncertainty: One Trader Weighs In On Spooked Markets
“Yesterday, NY Fed President Dudley said it was very unusual to see stocks rising when there’s so much uncertainty. True, but they’re getting a lot of help on the regulatory and tax side. But there’s no evidence in other markets that everyone has a clear vision of the path ahead.”
Albert Edwards Really Wants To Bitch At Janet Yellen, But He’s Going To Talk About Copper Instead
Last week, everyone’s favorite bear Albert Edwards tried to warn us. But did we listen?
Entire World Scrambles To Figure Out Why The Hell The Dollar Isn’t Stronger On Thursday
So what gives? Well, probably not a lot. It could just be everyone is taking a breather. But, in a testament to Nassim Taleb’s “narrative fallacy” argument, we have an overwhelming tendency to ascribe “causes” where there are none.
Key Calls (Thursday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
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