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Author: therealheisenberg

Infamy.

March 9, 2020March 9, 2020

“This is the end / My only friend, the end”…

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7 Comments on Infamy.

Fit To Be Tied.

March 9, 2020March 9, 2020

Of mice, men, stocks, bonds and viruses.

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5 Comments on Fit To Be Tied.

Low Energy.

March 9, 2020March 9, 2020

Oh, the humanity.

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oil, OPECLeave a Comment on Low Energy.

‘Cross-Asset Pandemonium’: Market Crash Triggers Circuit Breaker On Black Monday For Wall Street

March 9, 2020March 9, 2020

“Describing the conditions as turbulent is an understatement”.

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1 Comment on ‘Cross-Asset Pandemonium’: Market Crash Triggers Circuit Breaker On Black Monday For Wall Street

Behold! A Six Standard Deviation Blowout In High Yield Credit Fear Gauge

March 9, 2020

This is what “stress” looks like.

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4 Comments on Behold! A Six Standard Deviation Blowout In High Yield Credit Fear Gauge

Nomura’s McElligott: ‘Last Of The Generals’ Falls, As Legacy ‘100%’ CTA Nasdaq Long Up In Smoke

March 9, 2020March 9, 2020

“CTA ‘trigger’ levels for equities will increasingly matter again”…

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Leave a Comment on Nomura’s McElligott: ‘Last Of The Generals’ Falls, As Legacy ‘100%’ CTA Nasdaq Long Up In Smoke

Fed Figures ‘Right Now!’ Is Good Time To Upsize Repos As Panic Proliferates

March 9, 2020March 9, 2020

“They should help support smooth functioning of funding markets”.

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2 Comments on Fed Figures ‘Right Now!’ Is Good Time To Upsize Repos As Panic Proliferates

As The World Burns.

March 9, 2020March 9, 2020

Praying for a deus ex machina.

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12 Comments on As The World Burns.

‘Excessive And One-Sided’: Crisis Rolls On With FX Flash Crashes, Plunging Yields, Bloodbath In Japan

March 8, 2020March 8, 2020

Everyone knew Monday morning would be remarkable. The market didn’t disappoint.

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3 Comments on ‘Excessive And One-Sided’: Crisis Rolls On With FX Flash Crashes, Plunging Yields, Bloodbath In Japan

Oil Dives 30% In Jaw-Dropping Move Following Saudi Price War Declaration

March 8, 2020March 9, 2020

Not a typo.

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oil, OPEC9 Comments on Oil Dives 309 In Jaw-Dropping Move Following Saudi Price War Declaration

Analysts Warn Of ‘VaR Implosion’, ‘Full-Blown Crisis’ As New Week Dawns With S&P Futures Limit-Down

March 8, 2020March 8, 2020

Fragile. Handle with care.

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oil6 Comments on Analysts Warn Of ‘VaR Implosion’, ‘Full-Blown Crisis’ As New Week Dawns With S&P Futures Limit-Down

‘Policy Failure Is Here’ (Just Give Me The Medicine)

March 8, 2020March 8, 2020

We’re asking silly, rhetorical questions now.

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5 Comments on ‘Policy Failure Is Here’ (Just Give Me The Medicine)

Governments Can’t Minimize Both Virus Deaths And Economic Damage: The Lancet

March 8, 2020March 8, 2020

“Governments will not be able to minimize both deaths from COVID-19 and the economic impact of viral spread.”

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Leave a Comment on Governments Can’t Minimize Both Virus Deaths And Economic Damage: The Lancet

‘Panic’ Grips Mideast Markets. Shares Dive Most Since Financial Crisis. Aramco Crashes

March 8, 2020March 8, 2020

Just call it “a regrettable day for us all’.

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oil, OPEC4 Comments on ‘Panic’ Grips Mideast Markets. Shares Dive Most Since Financial Crisis. Aramco Crashes

In Dramatic Escalation, Saudi Arabia Effectively Declares Oil Price War

March 7, 2020March 8, 2020

You ain’t seen nothin’ yet. 

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oil, OPEC10 Comments on In Dramatic Escalation, Saudi Arabia Effectively Declares Oil Price War

For One Bank, A Global Recession And A Bear Market Just Became The Baseline Forecast

March 7, 2020March 7, 2020

“…it is much too early to declare this episode as being done.”

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11 Comments on For One Bank, A Global Recession And A Bear Market Just Became The Baseline Forecast

S&P Needs To Rally 8-10% To Escape Gamma Trap, One Bank Says

March 7, 2020March 7, 2020

“Almost” there…

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1 Comment on S&P Needs To Rally 8-10% To Escape Gamma Trap, One Bank Says

Dollar-Funding Stress Could Be ‘Crossing The Rubicon’ Moment For Market

March 7, 2020March 7, 2020

Canaries and such.

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Leave a Comment on Dollar-Funding Stress Could Be ‘Crossing The Rubicon’ Moment For Market

Virus News Worsens, Analysts Ponder ‘Severe’ Scenarios For US Economy

March 7, 2020March 7, 2020

Of course, none of this means we should take Rick Santelli’s advice.

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8 Comments on Virus News Worsens, Analysts Ponder ‘Severe’ Scenarios For US Economy

China Exports Sank 17% Amid Virus Lockdown, Delayed Data Shows

March 7, 2020

Ambiguity remains.

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2 Comments on China Exports Sank 172 Amid Virus Lockdown, Delayed Data Shows

The Week When Everything Else Snapped.

March 6, 2020March 7, 2020

“Wild” is an inadequate adjective.

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oil, OPEC3 Comments on The Week When Everything Else Snapped.

One Bank’s Warning As Credit Cracks: ‘The Black Swan Is A Liquidity Crisis’

March 6, 2020March 6, 2020

“Worry about liquidity, not funding”.

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5 Comments on One Bank’s Warning As Credit Cracks: ‘The Black Swan Is A Liquidity Crisis’

OPEC+ Is Dead. No Telling Where Bottom Is For Crude.

March 6, 2020

Worst-case outcome.

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oil, OPEC2 Comments on OPEC+ Is Dead. No Telling Where Bottom Is For Crude.

Veteran Traders See Shades Of 2008 In Friday’s Action

March 6, 2020March 6, 2020

“Ever. Even during the 2008 crisis”.

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2 Comments on Veteran Traders See Shades Of 2008 In Friday’s Action

‘Tin Hat’ Time In FX As Duration Goes ‘Offer-less’ Amid Quarantine Panic

March 6, 2020March 6, 2020

Carry a towel.

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3 Comments on ‘Tin Hat’ Time In FX As Duration Goes ‘Offer-less’ Amid Quarantine Panic

Jobs Report Blows Through Expectations, But Market Likely To View Numbers As Stale

March 6, 2020March 6, 2020

The numbers are good, but things have changed and the situation is fluid.

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2 Comments on Jobs Report Blows Through Expectations, But Market Likely To View Numbers As Stale

Defcon 1.

March 6, 2020March 6, 2020

It’s getting scary out there.

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4 Comments on Defcon 1.

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Monthly Letter

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Recent Comments

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Monthly Letters

To Be Happy

September 4, 2026September 4, 2026

Hell Or High Fashion

July 3, 2026July 3, 2026

Escape Artists

May 11, 2026May 11, 2026

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