Paper Tigers
As markets look warily ahead to the most consequential US election in modern history, it’s worth remembering that the worstContinue Reading
Category: Markets
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
‘Gangster Extortion’: China Mounts Media Blitz Against Trump’s TikTok Deal
“What the United States has done to TikTok is almost the same as a gangster forcing an unreasonable and unfair businessContinue Reading
Into Reverse
It’s not entirely clear “why”, but equities were reasonably well supported Wednesday, as Wall Street looks to build on Tuesday’sContinue Reading
Cracks Emerge In Junk As Stock Slump Spills Over
There’s consternation in high yield bonds. Or at least that’s the impression one gets from a quick glance at flowsContinue Reading
What A Blue Wave Means For The Fed, According To Goldman
Over the weekend, I outlined the rather stark economic choice facing Americans as they go to the polls (or mailContinue Reading
Kolanovic Sees Portfolio Rebalances As Possible Stock Tailwind, As Monthly Impulse Overwhelms Quarterly Flow
Earlier this month, JPMorgan’s Nikolaos Panigirtzoglou flagged the potential for some $200 billion in rebalancing flows to derail equities inContinue Reading
Break-Glass Options
Global risk appetite was tepid again on Tuesday following Monday’s tumult on Wall Street. Markets remain palpably concerned about newContinue Reading
Wealth, Households, Democracy, And The Illusion Thereof
Good news. US household wealth staged a “V-shaped” recovery in the second quarter. After collapsing in Q1 amid one ofContinue Reading
Perfect Storm
It wouldn’t be a stretch to say that things “fell apart” on Monday for US markets. “Perfect storm” comes toContinue Reading
As Stocks Tumble, JPMorgan Flags ‘Worrying Development’ In Rising Short Base
US equities careened sharply lower on Monday, as a veritable laundry list of worries conspired to undercut risk sentiment, extendingContinue Reading
No Money Like Dirty Money
A dizzying confluence of factors cast a pall over markets to start the new week, one of which is anContinue Reading
A Critical, Worrying Juncture
A fairly acute bout of risk-off sentiment gripped markets to start the new week, with the mood souring materially onceContinue Reading
Something Dramatic This Way Comes
You can now toss out whatever expectations you may have had for the news cycle in the week ahead. FollowingContinue Reading