“Many risk assets are ripe for a correction from elevated levels and North Korea’s latest provocation provides sufficient excuse for traders to act.”
Author: therealheisenberg
Crude Crashes Abruptly, North Korea Vows More ‘Good-Looking Boys’ For ‘American Bastards’
We just hit technical levels that were a bridge too far at this stage. That’s
Key Calls (Wednesday): Upgrades, Downgrades & Initiations
You need an upgrade.
Wall Street Journal Thinks Armchair Vol. Sellers May Be A Gang Of Silly Idiots
“If volatility is no longer predictable, the “short-vol†strategies used by hedge funds, pension funds and institutional investors—and available through exchange-traded products, too—are riskier than their advocates suggest.”
North Korea Says ICBM Can Carry Nuke, Will Be Able To Hit US This Year
Kim Jong Un said U.S. must be upset with “gift package” that he sent for its Independence Day and says he will send more in future.
El-Erian: 6 “Key Things You Need To Know” About Your Market “Accomplishments”
“Record levels for several widely followed country indexes occurred in the context of notably muted volatility, adding to the sense of investor comfort and accomplishment.”
In Search Of American ‘Greatness’
“Once, my father told me that true greatness simply consists of living in the present moment, at peace with your surroundings and with yourself. It’s shit like that that will keep us from becoming great again.”
Images From Iran’s “Trump Cartoon and Caricature Contest”
“Trump’s behavior clearly sets out Iran’s reasons to distrust the U.S.; consequently, we decided to use art’s capacity for displaying the behavior”…
‘No Matter How Hard They Try’: China Has A Problem
“If the authorities view this as reflecting latent capital outflow pressure or speculative activity, intervention could become a more regular occurrence.”Â
Trump Is #FakeHero President And An Insult To The Founders
“We have a president who neither understands nor respects the basic norms of American democracy. Make no mistake: Donald Trump is a true aberration. There is no figure like him in U.S. history, for which we should be thankful.”
Trump Replaces National Anthem With ‘Make America Great Again’ Song – Seriously
“Like the mighty eagle that is rising on the wind”…
Oil Slams On Brakes After Best Run Of The Year, As OPEC Production Jumps
A couple of weeks ago, we noted that according to the latest monthly report from OPEC
You’ve ‘Got A Case To Be Worried’: Analysts Weigh In On North Korea ‘ICBM’ Launch
“There’s nervousness in the market but whether or not we’ll see panic will depend on whether there’s further escalation. Investors have a case to be worried but whether the worry will turn into something more serious we need to see what develops on the political front.”
Fireworks: North Korea Launches “Anywhere” ICBM, Trump Ponders “Heavy Move,” Central Banks Ahoy!
There’s never a dull moment in a world that’s lost its mind. North Korea celebrated
The Quantity Theory Of Sanity: Is There Enough Sanity To Go Around?
“It requires an extraordinary amount of fine-tuning to remain sane. An incredible number of things has to work out in a coordinated way for a person not to flip out at some point in his life.”
This Hasn’t Happened Since 2002
Tech is scary.
Jeff Sessions Should Go To Jail
“But not for the reasons you think”…
Chart Of The Day: Endangered Species
I remember a time, not too long ago, when tallying up the total number of global rate cuts was a full-time job…
With Investors Now Short, Is Dollar Sentiment Too Bearish?
If you’re out there looking for contrarian indicators, it’s probably worth noting that investors flipped
The ISIS Ideology: Something Borrowed, Something New
“…not one bore any substantive relevance to Islamic State ideology, suggesting a shallow ideological grounding at best.”
‘The Ultimate Negative Feedback Loop’
“With asset prices so well correlated to financial conditions now, being too hawkish – and instigating market tantrums – creates the ultimate negative feedback loop.”
Happy July 4: Everyone Hates Everyone
“Of course, dissent is essential. Democracy without dissent is not democracy. But dissent should be disciplined. It should not indulge in fantasies that make partisans feel good but are profoundly misleading. This inevitable disillusion is where we are today.”
VIX Call/Put Ratio Spikes Near Post-Crisis High
“If we are nearing the end of the current low vol regime, this has material implications for asset allocation and specifically volatility selling strategies, which have been increasingly popular.”
Mind The ‘Transatlantic Convergence’ Theme
“One of the things we hear discussed a lot is that an inverted yield curve tends to be a good predictor of recessions, but that’s because it comes at the same time as peak Fed Funds, and ‘peak tight money’ is a good predictor of recessions for more obvious reasons.”
“A Major, Serious” Situation In Japan, PMIs Galore, And A Deadline For Qatar
Ok, so Shinzo Abe’s LDP suffered a stunning loss in Tokyo assembly elections over the weekend,
Jobs Report, Chilled Urine, And Kashkari’s Rib Roast: Full Week Ahead Preview
If you were following along last week, then you already know what to look for
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