I’m always warning about VaR shocks. More specifically, I like to remind investors that in
Author: therealheisenberg
“Buridan’s Ass, Meet Scylla And Charybdis”
As I noted earlier on Friday, this week provided nothing in the way of clarity
Key Calls (Friday): “Inevitable Selloff” Edition
S&P 500’s 166-day streak without 5% pullback is longest since 2007; “Selloff is inevitable, perhaps starting very soonâ€
A French Kiss Leaves Global Risk Queasy On Friday
If you were looking for clarity with regard to President Donald Trump’s policies or for any kind
“What Are You Paying For?!” One Bank Asks Whether French CDS Is Worthless
What protection are you paying for? Marine Le Pen’s proposal to take France out of the euro is once again raising questions about whether CDS will “do what it says on the tinâ€. As on previous occasions, we fear the answer is “not necessarilyâ€
Must Read: Wall Street Explains Why We All Need Wall Street
Well, if this isn’t the very definition of serendipitous, then I don’t know what is.
What Trade War? Market Is Mispricing The Swans (Again)
If I’ve said it once (and I’m pretty sure I have), I’ve said it a
Good News: Hedge Funds Might Have A Chance To Beat Benchmarks In 2017
So what does any of this mean for average investors? Well, intuitively, it means there’s a chance for you to go out and find yourself some alpha by returning to your roots as an expert stock picker (boy, this post is just dripping with sarcasm).
Chart Check (“The Road To Nowhere”)
Walking up the down escalator…
“Tortured Traders” And Uncertainty: One Trader Weighs In On Spooked Markets
“Yesterday, NY Fed President Dudley said it was very unusual to see stocks rising when there’s so much uncertainty. True, but they’re getting a lot of help on the regulatory and tax side. But there’s no evidence in other markets that everyone has a clear vision of the path ahead.”
Albert Edwards Really Wants To Bitch At Janet Yellen, But He’s Going To Talk About Copper Instead
Last week, everyone’s favorite bear Albert Edwards tried to warn us. But did we listen?
Entire World Scrambles To Figure Out Why The Hell The Dollar Isn’t Stronger On Thursday
So what gives? Well, probably not a lot. It could just be everyone is taking a breather. But, in a testament to Nassim Taleb’s “narrative fallacy” argument, we have an overwhelming tendency to ascribe “causes” where there are none.
Key Calls (Thursday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
Holy Sh*t Chart Of The Day
This may be “familiar behavior for the credit market”, but I can’t help but flag this as a pretty alarming indicator regarding the credit risk surrounding the upcoming French elections.
Epic Wednesday Humor (Lord Of The Rings Edition)
“In the place of a Dark Lord you would have a Queen!”…
Correlation Doesn’t Equal Causation Which Is Fine Because That Was Never The Point
The problem – or at least one of the problems – seems to be that whenever some people hear “correlation”, they Marty McFly it right back to high school science class and regurgitate the old “correlation doesn’t equal causation” line and then subsequently tune out as if they’ve dropped the mic on me.
“Market Crash” Places Distant 3rd To Populism In Bank Risk Survey
Once again I say: “Thanks populism”…
Trump Is Damned If He’s Right, Damned If He’s Wrong
On Wednesday, Trump took it up another notch. In the wake of Michael Flynn’s unceremonious ouster, the President expanded his conspiracy theory to include the intelligence community…
Chart Check (A First)
Misplaced optimism?
One Trader Warns On Market Myopia: “I’ll Make The Money, You Manage The Risk”
Ok, it’s just getting comical now. Everyone is saying what I’ve been saying for months
Yuuuge Inflation Print Sends Dollar, March Odds, Yields Soaring
Going into the week it was all about two things: Yellen on Capitol Hill and
America Or Japan: Who’s More Creditworthy?
Survey says!…
Does Anyone Still Give A Sh*t About China Risk?
We’ve come a long way (I guess) since the days when China risk was in the driver’s seat in terms of financial conditions and it’s a good thing, because the Fed has enough on its plate without having to worry about whether a wayward PBoC will short circuit the FOMC’s plans to normalize policy.
Key Calls (Wednesday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
“Bigly”: Reflation Is Back As Dollar Rises, Global Stocks Rally, Oil Eyes EIA Data
Apparently, reports of the reflation meme’s demise were greatly exaggerated. It wasn’t too long ago
The Mystery Of The Short Short VIX Trade
I’ve talked a ton about volatility (or, more appropriately, an acute lack therefore) in these
“Legal Hell”: The Complete Idiot’s Guide To Trump’s Attack On The Judiciary
It doesn’t surprise me that so many “so-called” voters (that’s a joke) are so profoundly ignorant
You must be logged in to post a comment.