‘The Results Look Pretty Bleak’

You have been warned (again) (and again) (and again).


‘Tell That To Rain Man’

“Either way, you gotta be super smart to run a country and sell vol. buddy, okay? It’s not easy.”

Moody’s: ‘Perhaps’ You Should ‘Brace For A 20% Plunge In The Next 18 Months’

“Perhaps, the prudent investor should be braced for at least a -20% plunge in the value of a well-diversified portfolio at some point during the next 18 months.”

Trader: My Glass Is Half Full So Don’t Ruin It For Me, Ok?

“And yet, I almost feel like I’m being an iconoclast by choosing to take a sip from a glass half full.”

1 Million.

“It’s not crazy”…

La, La, La.

Finally, in case you haven’t had enough of “connecting the dots” today, here’s another exercise for you…

‘Quite Long.’ And Quite Optimistic Too.

So enjoy reveling in our confirmation bias and don’t forget to laugh at the characterization of inverse VIX ETPs as sources of “stable” carry…

Dollar, Yields Rise While Stocks, Gold Dip On ‘Hawkish’ Fed

The Fed still sees another hike in 2017, perhaps proving that they are in fact leaning in the direction of looking through subdued inflation in the interest of safeguarding financial stability. 

Two Hundred And Seventeen Years.

Wouldn’t it be super-fun if someone looked at bonds and equities from 15 DM countries going back 217 years and then made an equally weighted index to find out how expensive things really are versus history? 

‘Run, Forrest. Run.’

“… the bears could catch up into year-end.”

Apocalypse Now (Again).

Well for those who had their doom bunkers all prepped and ready, there’s “good” news on Tuesday – the apocalypse is back on.

Hey! What’s With All This Hedging?

The takeaway: if you’re long and unhedged, one of two things must be true. Either you know something everyone else doesn’t or the other way around. 

What’s The Most Expensive Asset This Week?

Paging 2 Chainz…

‘When Markets Look At The Blue Sky With Sunglasses’

“We believe it is the right time, when markets look at the blue sky with sunglasses and when the trend and carry is your friend, to recommend downgrading risk assets.”

Watching Paint Dry. Illogically.

As one reader put it earlier today, “is just being open for trading” a good enough reason for stocks to rally?