Some unlucky folks on the buy-side might be trapped in a “doom loop” with little
Name something more potentially dangerous than “a large, fundamentals-agnostic, owner of equities.” Go ahead, I’ll
Coal mine canaries?
“Come play with us Danny”…
“Come and play with us, Danny”…
It’s all about “loops” and “spirals” these days.
When the proverbial shit hits the fan, don’t blame risk parity and the trend followers. Rather, point the finger at the Target manager next door.
According to the latest read on this, the potential for an ETP rebalance to cause problems is still near record highs.
“With VIX futures several points below their historical average, a several point move would not be a tail scenario.”
“This vega-to-buy is at a record highs, almost doubling since mid-July on inflows to short VIX ETPs.”
That is all kinds of precarious for all kinds of reasons that should be obvious to anyone with any sense.
Listen, there is a non-negligible chance that you have unwittingly sowed the seeds of this
Remember “Investigating The Market’s ‘Nightmare Scenario’”? Of course you don’t. That post is from May
” We take the contrary position and believe that a big devaluation might turn out instead be the final straw on the camelâ€™s back of Chinaâ€™s credit bubble, leading to an even greater crisis.”
Increasingly, funds are concerned they might miss the proverbial boat, and one bank’s client conversations
The UK’s inflation problem isn’t getting better. “These figures reaffirm exactly why we must continue
Bank of England governor Andrew Bailey deserves plaudits. I guess. Earlier this week, while speaking
“Signs of sickness are growing in markets,” Nomura’s Charlie McElligott said Tuesday. It was a
I doubt I was alone Monday in scouring the thesaurus for adjectives sufficient to convey
The ECB delivered a 75bps rate hike on Thursday, but it could’ve just as easily
In early February, one bank’s equity derivatives team suggested market participants were assigning too much
Early last month, three weeks prior to Russia’s invasion of Ukraine, Goldman called liquidity the
Last week, I talked a bit about market depth and a seemingly acute dearth of
“This further acceleration in the rates selloff is re-triggering the same point I’ve made in
“From a Vol market perspective, the issue is that the VIX is broken — again,”
Headed into December, one key part of the year-end, melt-up thesis is that realized volatility
“If Democrats take control of the Senate after the January 5th Georgia runoff elections, our