High Note.

And so the holiday-shortened week comes to a close and it delivered everything that could have been reasonably expected of it.

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Fly Me To The Moon.

I was told Icarus would be unleashed.

Wait, What?

If you don’t have a sense of humor, the market’s reaction to the Fed minutes was probably pretty frustrating for you. 

Welcome Back!

The win streak is over.

‘I Suppose You Think You Raised Hell’

“When I’ve raised hell you’ll know it.”

50 Yards…

“Wow, dad.”

‘You’re Going The Wrong Way!’

“Oh, they’re drunk. How would they know where we’re going?”

If It Bleeds.

“…we can kill it.”

Are Junk ETFs About To Get Stress Tested As High Yield Cracks?

But remember, at some point people will start selling the underlying and that’s when shit gets really messy, especially if that selling ends up being prompted by massive outflows from the ETFs whose holders have no conception whatsoever of the underlying liquidity mismatch. 

Black Monday.

The bottom fell out.

One Bank Says We’ve Been Placed In A ‘Correctional Facility’

Welcome to Friday.

Or at least that’s what it feels like.

Don’t Blame This Guy…

“If the selloff feels like news”…

We’ll Get ‘Em Lower.

Safely. Of course.

Goldman Is ‘The Most Bullish In A Decade’ On Commodities

“…the environment for investing in commodities is the best since 2004-2008.”

Judgment Day.

“… and the sun became black as sackcloth.”