“Where did the feel-good vibe of equities making new highs every day and we’re all getting rich go?”
Category: S&P 500
Strategist: Go To The Party But For God’s Sake, “Know Where The Nearest Exit Is”
“There’s certainly no guarantee that the party stops any time soon. Maybe I am just a grumpy macro man, but even when attending the party, I am going to make sure I know where the nearest exits are located.”
Trader: This Market Needs A Healthy Dose Of “Blunt-Force Trauma”
“The errors weren’t policy mistakes from the Fed or BOE, but from investment banks-turned-hedge funds that refused to listen to what they were being told and fought the tightening cycle every step of the way.”
“Unexplained, High-Volume Drops,” Yuan Shenanigans, And A Cartel Meeting
Well, things have been “choppy” overnight and especially around the flood of OPEC headlines that
You Hate That Giant Equity Position Right? Well Hedge It With Bonds And “Hope To Lose Money”
“People love the Plunge Protection Team conspiracy theory when looking at equities. Well that’s exactly what is happening in bonds, right out in the open.”
Goldman Epiphany: Stocks, Junk Perform Worse When Econ Slowdown Dead Ends In Recession
So Goldman has something new out on Tuesday about ISM peaks and what generally happens
Constitutional Crises Are For “Day-Trading Gladiators”
Well, Cameron Crise is out with his latest daily missive and methinks he’s falling into
One Trader Is Disgusted That You Bought The Terrorist Dip
“I thought the market reaction to the bombing in Manchester was appalling. And an indictment of a system that rewards, time and again, through official reaction functions, utter callousness and obliviousness to events. Everything may have become a buy-the-dip opportunity. But it shouldn’t be. It’s why nothing ever changes.”
Storm Clouds Gather As Trump Headline Risk, Terror Attack Battle Econ Data For Market’s Heart
Well, this market’s mettle is being tested. Again. On Monday evening we got what might
Here Is The Only Bullish Argument For Stocks That Matters
“They can’t profitably have it both ways. Either central banks have not changed the game and the bearish historical models will work, or central banks have altered market dynamics, in which there’s no point referencing rules to the old game as an excuse to sell.”
“Here Today, Gone Tomorrow,” One Trader Indicts A “Sheep-Like, Cynical” Market
“Last week it was, U.S. is cratering, the legislative agenda is dead, China is tightening at a dangerous rate and Brazil will take down the emerging market complex. So far today, and it’s only Monday, global growth is accelerating, corporate profits are great, China knows exactly when to ease off the decelerator, PMIs are a source of strength not worry.”
The Air Conditioning Is Broken, So Sell Stocks, Buy Bonds
Were you looking for an excuse to move out of nosebleed equities and into something
“Thy Orb And Thy Staff They Comfort Me”: “Risk Feels A Bit Better Today!”
Yea, though we walk through the valley of the shadow of death, we will fear no geopolitical tail risk: for Donald Trump art with us; thy orb and thy staff they comfort me…
Trader: The “Goldilocks Environment For Equities Is Here For A Long While Yet”
“This isn’t a short-term signal, but it does suggest that the long- term Goldilocks environment for equities is here for a long while yet.”
Chart Check: “Nothing To See Here”
Please disperse.
One Bank Talks Impeachment, Downside For Stocks, As Democrats Beg DoJ To “Fend Off” Trump
“They view the evolution of this probability as the major determinant of near-term equity performance. Our equity strategists think a 10% change in the assessed probability for a corporate tax plan is worth about 55 points for the S&P 500.”
Wednesday’s Equity Bloodbath Produced A 94th Percentile Moment
“The outperformance has only been greater in 6% of the sessions in two years.”
Hedge Funds Are Still Trailing The S&P And Cocaine Ain’t Gettin’ Any Cheaper
Regular readers know we think it’s a cryin’ fuckin’ shame that low-cost, passive investment vehicles that track
Trader: This Is A “Thankless Task,” Headlines “Don’t Wait For Normal Business Hours”
“It’s a thankless task to try trading when it seems that all of the relevant inputs are unscheduled exogenous shocks.”
“President’s Day”: Iran Is Voting, Brazil Is Panicking, Trump Is Traveling
It feels quiet in America on Friday morning. Maybe that’s because Donald Trump is leaving
Goldman: Buy Puts On These Shitty Stocks For A Pullback (Spoiler: Tesla’s One Of Them)
“For investors looking to protect their portfolio, we identify those stocks which have attractive puts and limited fundamental downside support based on cash-flow analysis and our analysts’ views.”
“Don’t Panic”: Yesterday Was Only The 66th Worst Day In 10 Years – Or Maybe The 6th
“No, what made yesterday so striking is that the magnitude of the decline hinted at a level of investment risk that had previously been as unobservable as dark matter.”
Guest Post: Stock Market Shakeout
“Let’s hope I am not too early, and end up getting eaten by the shorts who are pressing their trade.”
Trader: What You’ve Seen Unwound Is “Just The Tip Of The Iceberg”
“It’s vital, therefore, to remind yourself that these moves, while portrayed as dramatic, represent only the very tip of the iceberg of positions built up over a very long period of time and in massive size.”
Risk Appetite Evaporates As 18 More Contacts Between Trump, Russian “Godfather” Revealed
Everything was going (relatively) ok and then…
Trader: I Don’t See What The Big Deal Is, Bears Should Go Back To Hibernating
“This risk aversion was driven by political noise and speculation. That just doesn’t provide sufficient calorie intake for bears. This isn’t to say that we can’t get a fundamentally negative development in the days ahead, but unless we do, expect the bears to be back in hibernation by the weekend.”
“Not All Sunshine And Rainbows”: Goldman “Finds Fear” In These 15 Stocks
“While we have written extensively about how fear metrics in the broad market are near record lows, there are some stocks where investor concerns are high.”
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