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Category: Markets

3M Euphemistically Touts Exciting ‘Transformation Journey’ As Shares Slide On Job Cuts, Forecast Miss

January 28, 2020January 28, 2020

“As a result of these actions, 3M initiated a restructuring that will reduce approximately 1,500 positions”.

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1 Comment on 3M Euphemistically Touts Exciting ‘Transformation Journey’ As Shares Slide On Job Cuts, Forecast Miss

Coronavirus Threatens To Shutter Hong Kong, May Delay Recovery In South Korea’s Export Machine

January 28, 2020January 28, 2020

“Given the gravity of the epidemic”.

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$1 Trillion+ Surge In Negative Debt Pile Is Fillip For Yellow Paperweights, Digital Chuck E. Cheese Tokens

January 27, 2020January 27, 2020

That “blip” is worth about $1.5 trillion – with a “t”.

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3 Comments on $1 Trillion+ Surge In Negative Debt Pile Is Fillip For Yellow Paperweights, Digital Chuck E. Cheese Tokens

‘Stability Breeds Instability’: ‘Extreme’ Positioning From CTAs, Vol.-Targeters Raises Virus Contagion Risk

January 27, 2020January 27, 2020

While timeless, it’s become even more germane over the last decade…

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2 Comments on ‘Stability Breeds Instability’: ‘Extreme’ Positioning From CTAs, Vol.-Targeters Raises Virus Contagion Risk

Oil Plunges, Saudi Shares In Rout As Kingdom Says Don’t Panic About Deadly Mystery Virus

January 27, 2020January 27, 2020

“Psychological factors and extremely negative expectations”.

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oil1 Comment on Oil Plunges, Saudi Shares In Rout As Kingdom Says Don’t Panic About Deadly Mystery Virus

Coronavirus Black Swan Infects China’s Yuan To Start Week

January 27, 2020January 27, 2020

“Risk aversion is contagious”.

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Nomura’s McElligott: ‘Violent’ Virus Contagion Flips Dealer Gamma Profile, Prompts ‘Massive Stop-Outs’ In Treasury Shorts

January 27, 2020January 27, 2020

“”The lower we go from here”…

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4 Comments on Nomura’s McElligott: ‘Violent’ Virus Contagion Flips Dealer Gamma Profile, Prompts ‘Massive Stop-Outs’ In Treasury Shorts

Treasury Yields Erase Entire ‘Phase One’ Trade Deal Bounce Amid Virus Scare

January 26, 2020January 26, 2020

It was risk-off out of the gate Monday.

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7 Comments on Treasury Yields Erase Entire ‘Phase One’ Trade Deal Bounce Amid Virus Scare

(Still) The Most Underappreciated Tail Risk

January 26, 2020

It seems far-fetched now, but it’s always the ones you don’t see coming that are a problem.

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3 Comments on (Still) The Most Underappreciated Tail Risk

Pandemic Fears Meet Fed, Impeachment, Tech Earnings With Stocks In Stratosphere

January 26, 2020January 26, 2020

A little trepidation.

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1 Comment on Pandemic Fears Meet Fed, Impeachment, Tech Earnings With Stocks In Stratosphere

Where Were You When The World Didn’t End?

January 25, 2020April 22, 2022

When the US House rejected the Wall Street bailout bill on September 29, 2008, I

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11 Comments on Where Were You When The World Didn’t End?

‘Parabolic’ Tech And The ‘Good’ Idea Misnomer

January 25, 2020January 25, 2020

Too often, we conflate getting in lower than the next person in a “greater fool” market with making a “good” decision.

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1 Comment on ‘Parabolic’ Tech And The ‘Good’ Idea Misnomer

After Worst Week For US Stocks Since August, The Big Story Is Actually Bonds

January 24, 2020January 25, 2020

This really wasn’t supposed to happen.

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7 Comments on After Worst Week For US Stocks Since August, The Big Story Is Actually Bonds

Stocks, Crude Have Seen Enough ‘Deadly Respiratory Illness’ Headlines For One Week

January 24, 2020January 24, 2020

Let’s just get to the weekend before anything really bad happens.

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oil1 Comment on Stocks, Crude Have Seen Enough ‘Deadly Respiratory Illness’ Headlines For One Week

The ‘Boris Bounce’ Lives! ‘Decisive Change’ In UK PMIs Stokes Confusion Around Expected BOE Cut

January 24, 2020January 24, 2020

It’s now a coin flip – basically.

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1 Comment on The ‘Boris Bounce’ Lives! ‘Decisive Change’ In UK PMIs Stokes Confusion Around Expected BOE Cut

Euro-Area PMIs Are Rorschach Test In January

January 24, 2020January 24, 2020

No recession, but don’t bet on a “V-shaped” recovery.

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Superbug, Superbull

January 23, 2020January 24, 2020

But what is a “cycle” that doesn’t turn? Not a “cycle”, that’s for damn sure. 

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2 Comments on Superbug, Superbull

Nomura’s McElligott Takes Victory Lap As Markets Ponder Return Of ‘Duration Infatuation’

January 23, 2020January 23, 2020

Back to the future, as “slow-flation” trades are once again en vogue.

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1 Comment on Nomura’s McElligott Takes Victory Lap As Markets Ponder Return Of ‘Duration Infatuation’

Markets Look To Lagarde For ECB Strategy Review Details As Japanification Sets In

January 23, 2020January 23, 2020

Mitigating ‘Japanification’ is all that matters now.

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‘Rampant Panic’ In China, As Stocks Plunge In Worst Pre-Holiday Trade On Record

January 23, 2020January 23, 2020

The China-US “equity ratio” appears to have tagged the lowest point since 2005 on Thursday.

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1 Comment on ‘Rampant Panic’ In China, As Stocks Plunge In Worst Pre-Holiday Trade On Record

Outbreaks And Tech Melt-Ups

January 22, 2020January 23, 2020

A news anchor reads them, above static: “Stocks edged higher in volatile trading”…

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3 Comments on Outbreaks And Tech Melt-Ups

The Crucial Nuance Behind Bridgewater Co-CIO Bob Prince’s ‘Boom-Bust Cycle Is Over’ Declaration

January 22, 2020January 22, 2020

“Bob, you’ve just it twice, and I’m still surprised”.

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5 Comments on The Crucial Nuance Behind Bridgewater Co-CIO Bob Prince’s ‘Boom-Bust Cycle Is Over’ Declaration

Pros, Retail Investors Alike Seen Maxed Out In Bubbly Bull Run

January 22, 2020

“You’re on 10… where can you go from there? Nowhere. Exactly”.

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2 Comments on Pros, Retail Investors Alike Seen Maxed Out In Bubbly Bull Run

Markets ‘Still Insulated From Shocks’, Nomura’s McElligott Says, Amid Virus Scare

January 22, 2020January 22, 2020

Lions, tigers, bears… it hasn’t mattered.

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Dip-Buyers Battle Deadly Virus For Control Of Wary Markets

January 22, 2020January 22, 2020

“I would expect a lot of people are looking to buy”.

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Paul Tudor Jones In Awe Of ‘Crazy Times’. Says Bull Has ‘Long Way To Go’ Unless Wuhan Virus Kills Us All

January 21, 2020January 21, 2020

“There’s no vaccination. There’s no cure”.

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3 Comments on Paul Tudor Jones In Awe Of ‘Crazy Times’. Says Bull Has ‘Long Way To Go’ Unless Wuhan Virus Kills Us All

As Markets Sweat Wuhan Virus, Here’s Where The S&P Is Headed According To $740 Billion In AUM

January 21, 2020January 22, 2020

“Pneumonia apocalypse” wasn’t a box that was available to check.

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Leave a Comment on As Markets Sweat Wuhan Virus, Here’s Where The S&P Is Headed According To $740 Billion In AUM

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