‘Maybe Volatility Is The Answer.’

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


Still One Of My Favorite Trades

“This might seem trite, but the scariest thing in today’s market is currency strength. No one wants it. No one can afford it.”

Monday Bloody Monday.

There will be blood.

How Russian Bots Pushed AfD Voter Fraud Myth Before Germany’s Election

“Its activity profile is unusual.”

Angela Merkel Victorious, But Coalition Prospects, AfD Performance Raise Concerns

Leader of the free world.

Euro Falls After German Election Raises More Questions Than It Answers

“…most likely you will get some Swiss franc support on the back of those results.”

‘This Looks Less Market-Friendly Than Expected’: Will German Results Weigh On Euro?

To be sure, this looks like it will hit the euro in early trading. The single currency will likely knee-jerk lower against both the yen and the franc and you can expect to see a flight-to-safety bid in fixed income.

Monsters Under The Bed.

“To some extent the market’s resilience is justified; in other cases, however, it looks like a case of when rather than if potential shocks get priced in.”

Fasten Your Seat Belts: ‘A Melting Pot’ Of Risks

“Global political developments have kept us on our toes and will continue to do so through the fall and into next year. Investors should brace for a bumpy ride.”

Presenting: A Crazy Week In Charts

Ok, well this was an interesting week…

‘I Come Back To You Now’: Kolanovic Returns, Everyone Panics

“…at the turn of the tide.”

Deutsche Bank, Bayer Undercut DAX, Even As Germans Most ‘Euphoric’ Since Reunification

“The indicator increased by 0.7 points, reaching a figure of 60.9 points. No better level has been recorded since reunification.”

Tuesday In Charts: ‘Remember To What You Owe Your Good Fortunes’

“We think the timing would be good for investors too to remember to what they owe their improvement in fortunes”…

Pay Attention! DAX Under Pressure Again As Automakers Plunge, Euro Weighs

Well, the fallout from Friday’s blockbuster automaker collusion report continues for Daimler AG, Volkswagen, and BMW. You’ll recall that the bottom fell out on Friday after Spiegel magazine reported on potential antitrust collusion citing a 2016 Volkswagen document and referencing another from Daimler. That just added to existing jitters surrounding recalls of diesel vehicles. That story is spilling over into Monday as…

DAX VIX Soars As German Stocks Plunge Most This Year

…when you combine that batshit crazy scenario with the new report on automaker collusion and a surging euro, what do you get? Well, you get the worst day for German equities this year.