Name something more potentially dangerous than “a large, fundamentals-agnostic, owner of equities.” Go ahead, I’ll wait. I’m just kidding. There are certainly more dangerous things
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 market’s demise in your ill-advised attempt to make a side
Remember “Investigating The Market’s ‘Nightmare Scenario’”? Of course you don’t. That post is from May and you’ve been drunk slept since then. But it was
” 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.”
“This further acceleration in the rates selloff is re-triggering the same point I’ve made in Equities for years now,” Nomura’s Charlie McElligott said, in a
“From a Vol market perspective, the issue is that the VIX is broken — again,” Nomura’s Charlie McElligott said Monday, in one section of a