“Albert would welcome permanent risk off”, SocGen’s Kit Juckes wrote on Friday morning. “I’d just
Category: stocks
Express Calm
The good news is, US equities managed a rousing session Wednesday, helping to allay fears
‘It’s All One Trade’: One Bank Declares Value Investing ‘Dead’
By now, you know the story — or at least you should. If value, as
Stan Druckenmiller Calls Stocks ‘Absolute Raging Mania,’ Tells Inflation Ghost Story
The last time most market participants heard from Stan Druckenmiller, he retained a somewhat flummoxed
Buy The Dip Mantra Tested After ‘Right Kind Of Washout’ For Tech Mania
“I’m buying the dip, who’s with me?!” If I frequented retail investor Reddit boards, I
Instability At Warp Speed
Headlines for western markets on Wednesday revolved around some iteration on the narrative that equities
Electric Slide
“The horror”, Bloomberg’s Eric Balchunas joked, on Tuesday evening, after a third straight day of
That Is Soooo 2020
In the context of the historic summer surge, it would be strange to characterize the
The ‘Should Be’ Correction
It’s a familiar refrain: the historic rebound in equity and credit is detached from economic
Nomura’s McElligott: Tesla The ‘Retail Gamma Proxy’ Is Now An ‘Idiosyncratic Pain Point’
Why does Tesla’s tumble in the wake of what Bloomberg described as the S&P 500
Bad Buyers
“The strong rise in equities from the March trough, coupled with bullish options positioning, makes
Legends Of The Summer
For obvious reasons, market participants are obsessed with the blockbuster rally in US tech, which
Froth Off The Top
“Take a little off the top”. That’s generally how market participants are thinking about last
We’re All SoftBank. We’re All Masayoshi Son. We’re All Robinhood.
The market did not appear to be amused with the idea of Masayoshi Son, gunslinging
Frankenstein
If you were wondering how much SoftBank made buying calls on US tech stocks over
The Nasdaq Whale
We now know that SoftBank was the “Nasdaq whale”. For at least a week prior
$1.6 Billion Per Hour (And Apple As The ‘Poster Child’ For Right-Tail Repricing)
If you thought the Nasdaq 100’s 30% premium to its 200-day moving average was egregious,
Charlie McElligott And The Reservoir Dogs Standoff
“Little did you know I meant MINUTES not months”, Nomura’s Charlie McElligott quipped on Friday,
‘This Was Not A Rally To Take Seriously’
Global equities took the largest selloff in US shares since June largely in stride, although
A Badly Needed ‘Crash’
Lost in a truly egregious rout for US equities on Thursday was news that Steve
As Tech Bleeds Red, A Possible Silver Lining Emerges…
On Thursday morning, tech shares in the US plunged in what was poised to be
Nomura’s McElligott: Equities Vol Complex Is ‘Broken,’ ‘Something’s Gotta Give’
After a blistering run that conjured every superlative in the dictionary, US equities betrayed the
Color Me Skeptical
In what certainly felt like a combination of capitulation and forced buying, US equities accelerated
A Disputed Election And An ‘Institutionalized Powell Put’
A few weeks back, I documented the extent to which Wall Street is preparing for
Zoom, Gamma, And A Big Picture Read On ‘An Extremely Unstable Situation’
Following Tuesday’s absurd run-up in shares of Zoom, it’s worth taking a moment to say
‘Zoom’ Goes The Money Printer
The tech “crash up” went vertical Tuesday as shares of Zoom took off on a
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