Margin Debt Hits Record $530 Billion Or, 1 Whole Microsoft

“The recent buildup is not in itself problematic or evidence of a substantive change in usage of leverage.”

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Volatility Collapses (Again) As Investors Cling To Goldilocks Outlook On Brexit Wednesday

It’s quiet out there. Well, except for that whole UK officially leaving the EU thing. As outlined earlier this morning, Theresa May will make the UK’s split with the EU official on Wednesday, sealing the economic fate (literally, as they’ll be a hand delivered letter involved) of the British people and very possibly relegating the…

How To Beat Warren Buffett (And SPY) Working Only 40 Days Per Year

Last week in “How To Exploit The Passive Herd With One Simple Strategy,” we highlighted some interesting commentary from Bloomberg contributor Cameron Crise who noted that since passive models are forced by … well… by the fact that they’re model-driven, to rebalance at predictable times, there will invariably be opportunities to trade off that rebalancing. More specifically, Crise…

It’s Falling Apart: Reflation Trade Shrivels Up And Dies As Markets Sour On Risk

Well, the dollar is under pressure on Monday, just as we said it would be on Sunday evening. The Bloomberg Dollar Spot Index fell as traders digested the failure of the GOP health care bill on Friday. This is the index’s eighth drop in the last nine days, and as Bloomberg notes this morning, “further losses of…