Marko Kolanovic Makes Big Call Amid Oil Spike: ‘The New XIV Trade Is Unwinding’
“These trades worked well until the rotation started, and now are in the early stages of a collapse”.
“These trades worked well until the rotation started, and now are in the early stages of a collapse”.
Markets could be in for a messy couple of days.
Obviously, the macro narrative is a train wreck, but…
Around the world and back again.
Spoiler alert: “Not yet”.
“It all comes down to the renewed ‘Carry is King’ worldview in light of central banks being scared of their own shadows.”
“Thus, the pullback window has to happen now.”
“Back in the bond-buying business”.
“… the answer to all of these questions lies in market liquidity.”
“…with a Fed which has completely gone limp.”
But there’s a caveat…