Over the past several months, there’s been no shortage of banter about extremes in various “crash” metrics. And no shortage of bad, but unavoidable, jokes,
Month: September 2021
‘The Vol Event Is Dead. Long Live The Vol Event!’
I spent most of Monday going on about vol-sellers and whether they would or wouldn’t reengage to help stanch the bleeding in equities given the
Amid ‘Lehman Moment’ Debate, Evergrande Faces Ponzi Innuendo
Equities looked to stabilize Tuesday after a somewhat harrowing day on Wall Street, where stocks kicked off a crucial week with steep losses tied to
JPMorgan: We See The Selloff As A Dip-Buying Opportunity
While only time will tell whether Monday’s selloff on Wall Street was just another blip on the radar screen or the beginning of something more
Free Fall
The White House is “always monitoring global markets,” Jen Psaki said on Monday afternoon, as US equities careened lower in one of the worst selloffs
‘We’re At The Opposite End Of A Stock Super-Cycle’: Goldman
Earlier this month, while raising their year-end target for the S&P, BofA suggested US equities might be in for a lost decade. If that sentence
If This, Then $137 Billion Of ‘Hard Mechanical Deleveraging’
Nomura’s Charlie McElligott wasn’t surprised. “Who woulda thunk it?!”, he asked, rhetorically, as risk assets shuddered amid Evergrande contagion fears. The implied “I told you
Markets ‘Shocked’ As China Hard Landing Risk Grows
It doesn’t take much to “shock” folks these days. “A big week for global markets is off to a shocking start,” Bloomberg declared, in piece
Contagion: Evergrande Drama, Property Curbs Hit Markets
Fears of a “moment” in China roiled global markets Monday. The question is what kind of moment this is. Is it a Volcker moment, as
Goebbels in America
They failed in the game which they invented, maintained, and defended at all cost, and now, they want another shot at it, but with altered
How To Solve The Fed’s ‘Embarrassing’ Ethics Problem
When Jerome Powell takes questions from the press after this week’s critical Fed meeting, monetary policy won’t be the only thing on reporters’ agenda. As
What To Expect From This Week’s Crucial Fed Meeting
Thread the needle. That’s Jerome Powell’s task this week. In his post-FOMC press conference, Powell will need to gently reiterate the Fed’s intention to begin
Do We Even Want Good News?
Someone summarized the prevailing market conjuncture better than I’ve been able to. But that feat merits little more than a golf clap. After all, I’m
Climbing The ‘Worry Free Wall’
Don’t call it a “selloff” yet. After two straight weekly declines and losses in eight of the last 10 sessions, the S&P remains just ~3%
Why ‘We Gotta Avoid’ A Big Down Day Next Week
Thanks to the worst session for the S&P in a month, US equities logged a second consecutive weekly decline. It was the first back-to-back weekly
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