A month chock-full of fireworks and milestones closed on a somewhat muted note, as equities came off records despite more good news on Moderna’s COVID-19
Month: November 2020
A Month To Remember
November 2020 will go down in the history books for a variety of reasons. First, this was the month when science apparently triumphed over “a
You Can Add Record-Low Investment Grade Corporate Bond Yields To November’s Milestones
November scarcely needed another market milestone, having offered up a veritable cornucopia already, but I’ll toss another one out there anyway. After a truly dramatic
The Biggest Worry For Everyday People Is No Obstacle For ‘Blissful’ Financial Markets
It’s probably not a stretch to suggest that outside of some unforeseen mutation in COVID-19 or another left-field event, the biggest worry for the global
Wall Of ‘What, Me Worry?’
Global equities looked to take a step back Monday, in cautious trading on the last day of a blockbuster month. Stocks put up one of
It’s All Relative: Stocks And Bonds In A Crazy World
It’s all relative. That universally applicable old adage (you can always find a use for it no matter what it is you’re talking about) has
Macro Tourist: Post-COVID World Will Be Defined By Rolling Bubbles
[Editor’s note: The following excerpts are from a much longer piece by Kevin Muir, formerly head of equity derivatives at RBC Dominion and better known
In Funhouse Mirror Fixed Income Market, Zero Is No Obstacle
Last week, Riccardo Fraccaro, cabinet undersecretary to Italian Premier Giuseppe Conte, suggested the ECB should considering canceling some of the sovereign debt bought during the
Back To Work
The US is poised to get back to business coming off a holiday which this year was defined by virtual gatherings or else by people
America’s Economic Model Is Unsustainable. Empower The 4
You don’t have to be an economist to understand it, but as far as simple concepts go, it sure seems to elude quite a few
They Used To Pull The Bull Out, And They Used To Eat It
I’ve said it before, and I’ll say it again: I love reading copy sometimes. “Hitting a big level in markets used to mean something on
50% Of Population In Major Developed Markets Will Be Vaccinated By May, Goldman Projects
Right, but when? That’s the question the whole world wants answered when it comes to the vaccination push. The last several weeks have delivered plenty
Iran Suffers Another Grievous Blow As Fakhrizadeh Assassinated In Drive-By
“A scientist has been the victim of an assassination attempt in an armed attack by unknown people,” Iranian state television said Friday, during the frantic
Back To The Tinderbox
Headed into December, one key part of the year-end, melt-up thesis is that realized volatility will continue to grind lower, triggering mechanical re-leveraging from vol-sensitive
The Dark Before Dawn
There was little in the way of fresh news in the market coming off the US holiday. Traders and investors are staring (somewhat incredulously) at
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