Return Of The King
The dollar is back. Or at least it was for a week. A steadily declining greenback was a fixture ofContinue Reading
Category: Markets
Goldman: S&P Can Trade Election Outcome Even If AP Doesn’t Call A Winner
Market participants’ concerns about the prospect of a contested US election are becoming more acute by the day. Although RepublicanContinue Reading
One Week After Buying The Dip, Investors Run Screaming From US Stocks In 3rd Biggest Outflow Ever
One week on from the biggest inflow into equities since March of 2018, investors fled stocks in droves amid politicalContinue Reading
To Hell And Back Again (And Why September Doesn’t Presage A ‘Big Bear Move’)
It’s been a wild year. How’s that for an understatement? Consider that nine months later, the world barely remembers thatContinue Reading
Priorities
There’s plenty of time between now and the election for The White House and the GOP-controlled Senate to fill theContinue Reading
‘The Tendency Of Order To Degrade Into Disorder’: Kocic On An ‘Anything But Ordinary’ Election
US lawmakers on Thursday sought to reassure a nervous nation. For two centuries, America has enjoyed peaceful transitions of powerContinue Reading
As Junk Bond Sales Smash All-Time Record, Outflows Suddenly Accelerate
In what looks like more evidence that September’s equity market tumult is spilling over into high yield, outflows from junkContinue Reading
‘Volfefe’ And The Peaceable Passing Of Power
If Donald Trump was trying to raise (more) eyebrows by refusing to commit, explicitly, to a peaceful transfer of powerContinue Reading
Nomura’s McElligott Talks Short Gamma, ‘Robinhood YOLO’ing’ As Tech Heads For Worst Month Since 2008
Equities are unshackled this week post-last Friday’s quad witching expiry, and the “unclenching” effect from the gamma rolloff is allowingContinue Reading
Turkey’s ‘Stunning’ Rate Hike And The Folly Of Misreading Autocrats
Believe it or not, Recep Tayyip Erdogan let Murat Uysal hike rates on Thursday. Turkey careened into another one of itsContinue Reading
Rise In Jobless Claims Adds To Economic Concerns Amid Stimulus Stalemate
870,000 Americans filed for unemployment benefits last week, more than the 840,000 the market was expecting. The previous week’s totalContinue Reading
Tales Told By Idiots
“Lockdown lite” is the strategy in Europe for containing a second coronavirus wave. While stopping short of implementing the kindContinue Reading
Paper Tigers
As markets look warily ahead to the most consequential US election in modern history, it’s worth remembering that the worstContinue Reading
Crazy Times, Brave Vol Traders, And The ‘God Forbidden Realization Of Chaos’
Crazy times On Tuesday, after a half hour search finally turned up my missing envelopes (in the kitchen drawer, ofContinue Reading
King Dollar Faces Worst Policy Mix In Decades ‘Whoever Wins’ Election, One Bank Says
“It’s all about horseraces now”, Deutsche Bank’s George Saravelos declares, kicking off a lengthy FX strategy outlook with a lineContinue Reading