Maybe the “slow-flation” trade isn’t a “relic” after all.
Category: value
The Rotation Is Dead. Long Live The Rotation.
“Expectations are extremely volatile”.
‘What If Yields Rose By 100bp?’ Questions Linger Around Bursting Of Bond Beta Bubble
How dramatic would the unwind be?
After The (Duration) Purge…
Cue a backtest.
Is The Min Vol Bubble Bursting?
It’s now just a matter whether the bubble merely deflates, or actually bursts in earnest.
Nomura’s McElligott: ‘Now Comes The Hard Part’
“The easy money has been made”.
To Believe In The Rotation Or Not To Believe…
…that is the question.
Marko Kolanovic On ‘Groupthink’, Crowding And Why The Rotation Will Continue
“Two strategies that in theory should have little to do with each other” have been “nearly 100% correlated” recently.
As ‘Tantrum’ Risk Comes Calling, Nomura’s McElligott Flags CTA Bond Selling As Legacy Long Unwound
Trade optimism is running rampant and crowded positioning looks set to unwind.
Too Far Too Fast? Goldman Wonders If The Risk Rotation Can Last
A sustained rotation requires an improvement in the data, the bank warns.
Marko Kolanovic Again Warns Of Potential ‘Crash’ In Low Volatility Stocks, Flags Massive CTA Commodity Short
“Low volatility crowding turned the conventional economics upside down”.
Marko Kolanovic, Charlie McElligott See Scope For Market Bounce After Quant Flow-Driven Rout
“In less than 48 hours, many major markets lost ~5%”…
Rates As ‘Patient Zero’ And The Fate Of September’s ‘Rotation Flirtation’
The situation is “fluid”.
‘Even Short-Lived Rotations Could Be Powerful’: Goldman Weighs In On Momentum Massacre, Factor Turmoil
“The triggers in the short run could be geopolitical”.
Marko Kolanovic Weighs In On This Week’s Dramatic Factor Rotations, Delivers Near-Term Market Outlook
“By just looking at the price of the S&P 500 one cannot see the true state of equity markets”.
Nomura’s McElligott On Monday Momentum Massacre: ‘One Of The More Stunning Trades In Modern Market History’
“And yet HILARIOUSLY, Joe Schmoe retail investor looking at simple Index returns wouldn’t have had ANY idea of the calamity occurring”.
Of Course Nomura’s Charlie McElligott Knows What’s Wrong With Stocks On Monday…
“… said every equities PM ever.”
Someone Is Wrong: November Sees Dueling Flows In Growth, Value Products
Can they both be right?
Jerome Powell’s Job Is Done Here – It’s All Up To Trump Now
Don’t screw this up, Mr. President…
On The Nasdaq: A New Nightmare
Quick! Somebody buy some iPhones!Â
Bad Apples, Fading FANGs And Macro Fund ‘Nukes’
Another tough day for the most crowded trades on the planet.
Requiem For October.
Another bad dream.
‘Rather Than Catching A Falling Knife’: One Bank Says It’s Not Yet Time To Buy
Why it would “be prudent” to wait on full capitulation.
One Trader Thinks Millennial Investors Are About To Get Slaughtered
“Ahhh… Millennials… You gotta luv ‘em.”
After October Selloff, One Bank’s Clients Are The Most Underweight U.S. Stocks Since January
Make America first again?
Glitchy Streaming.
“Buffering”…
