Market participants need a narrative. We have to ascribe causality. It makes us feel more
Category: Markets
Star-Crossed Powell Confronts War, Commodity Crisis
Jerome Powell expects it’ll still be appropriate for the Fed to hike rates this month,
Is Russia Going To Zero?
Russia kept its stock market shuttered for a third day Wednesday as the finance ministry
Very Challenging
Tuesday was another very challenging session for risk sentiment. Tensions in eastern Europe worsened as
The Most ‘Aggressive Dip-Buying’ Of Any Post-Lehman Selloff
Buying dips has been a good “strategy” in the post-financial crisis era. Indeed, it’s been
‘Full-Blown, Front-End VaR Shock’ Underway
Amid a never-ending tsunami of terrifying war headlines out of eastern Europe, traders priced out
Russia Risks Default As Financial System Paralyzed
When you’re in a hole, the first step is to stop digging. But not if
‘Something, Somewhere May Break’: McElligott On Russia
At least for the next several days, market participants will focus on the proverbial “plumbing,”
Putin Faces Existential Crisis As Ruble, Economy Collapse Overnight
The Russian economy was plunged into an overnight crisis Monday, after the Western powers moved
Traders Brace For Volatility After Historic Weekend
Traders braced for volatility coming out of a historic weekend during which the West severed
Pozsar Conjures Lehman Amid Russia SWIFT Ban
“If a bank closes a $200 billion balance sheet on Friday and doesn’t open on
‘Exhilarating And Humiliating’
Markets are exciting. They can also be highly unpredictable, disheartening and, depending on the context,
Markets Held Hostage
Needless to say, markets will remain hostage to geopolitical news flow in the week ahead.
‘This Is Evil. And It Must Be Destroyed.’
The Russian central bank on Sunday promised domestic banks an “uninterrupted” supply of rubles, but
Some Russian Banks Removed From SWIFT, Central Bank Targeted
Just hours after Germany dropped its opposition to barring Russia from SWIFT, the West unveiled
Russia May Face ‘Full-On Collapse’ Of Financial System
The world moved closer on Saturday to deploying the economic nuclear option against Russia. In
‘Where Next?’
US equities closed out a truly chaotic week with a spectacular two-day rally, even as
Pozsar Cautions On ‘Market Event’ From ‘Russia’s Vast Financial Surpluses’
Zoltan Pozsar took a break this week from assessing every conceivable angle of Fed balance
Marquee US Data Argues Against Recession, For Fed Hikes
This week’s marquee data out of the US showed a resilient consumer and elevated inflation,
McElligott Explains Thursday’s Epic US Stock Reversal
On Thursday afternoon, following a truly absurd reversal on Wall Street that found US equities
As Putin Moves To Seize Kyiv, Biden Mobilizes King Dollar
The Russian military was poised to take Kyiv on Thursday evening, closing in on the
Meanwhile, Inside America’s Epic Housing Bubble…
Who cares about the data at a time like this?! Nobody, is the answer. Nevertheless,
‘Darkness’
It was impossible to escape dire headlines on Thursday. Neither was it easy to scan
‘The Stagflation Tail Just Picked Up Massive Delta’
The assets most at risk from Vladimir Putin’s decision to invade Ukraine are Russian assets.
Shell Shock: Markets In Disbelief As Putin Strikes
“Russia treacherously attacked our state in the morning,” Volodymyr Zelenskiy said, in a social media
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