Of Rocket Men, Chinese Hegemony, And Populism Run Amok: 3 Visual Guides

You wouldn’t know it from looking at any market-based measures of volatility, but 2017 was a hugely consequential year. I assume that goes without saying. 


Risky Business.

But the survey wasn’t all rainbows and sunshine.

What Can Stop This Party?

Obviously, nothing could go wrong here.

Watch The Throne.

What happens over the weekend no longer remains confined to the weekend.

Can You Feel The Tension?

Nobody strike a match.

Geopolitics & Wild Cards: Full Week Ahead Preview

Geopolitics is back in the spotlight to start the week.

These Are The ‘Critical Geopolitical Threats To The Equity Bull Market’

Yes, “a central feature” of the prevailing order (or maybe “disorder” is better) is chaotic uncertainty – and a “central feature” of markets is suppressed vol.

One Trader Thinks Everyone Has Found Religion – Here’s Why

“This is really just one manifestation of the more earthly, you can’t fight city hall. A twist in a post-vigilante world, which can’t bear not to believe that the authorities will deliver what our financial market investing thesis requires, while at the same time being utterly incompetent.”

You Ignore Geopolitical Firestorms At Your Own Peril: Chief Economist

This kind of complacency is in the face of multiple flashpoints and powder kegs is “unwelcome.”

Bears Crying Wolf And China As Machiavelli (Revisited)

“When asked their worst trades this year, they mostly cited buying volatility, credit protection, or equity puts.”

The Great Disconnect: 5 Reasons Why Volatility Is Detached From ‘Chaotic Uncertainty’

After all, “shouldn’t greater uncertainty about key economic policy issues lead to a larger dispersion of likely potential outcomes for companies?”

The Austin Powers World.

“There’s real danger but at the same time, the central figures are so laughable that it’s difficult to accept it as reality”…

‘Maybe Volatility Is The Answer.’

“All this combines to suggest a volatile fourth quarter. Year-end themes remain elusive.”

‘A Fly In The Ointment’ But Nothing To Worry About, Apparently…

“We would characterize existing political risks as of the run-of-the-mill variety that investors always face and a far cry from the high-stakes political events of the past several quarters (events that markets navigated with aplomb.”

The Noisy Status Quo

“This is an environment that is bearish for volatility. It fosters further complacency and encourages continued vol selling.”