‘Just As A Heavy Object Warps Spacetime’: All Hail The 4 Vol-Suppressing Forces
“Aggregate gamma on the S&P 500 was positive for more than three-fourths of 2019”.
Category: VIX
Will 2020 Be The Year ‘Politicians’ Implied Vol’ Finally Overwhelms Central Banks?
“…there have been periods during which volatility has returned, but central banks have largely succeeded in beating back the turmoil”.
‘Perspective Is Not A Static Concept’: Kocic Delivers 2020 Vol. Outlook And It Is Quite Something
“A consequence of our reaction to the underlying informational overload”.
Nomura’s McElligott On A Possible ‘Impulse Gap Higher’
“The market has [a lot of] protection which will get sold”.
Marko Kolanovic Delivers 2020 Outlook, Sees Higher Stocks, Better Macro
“At the depth of the market selloff last December, we set a controversial S&P 500 price target of 3,100 for 2019”.
All’s Well That Ends In A Blistering Jobs Rally
Frankly, this was an unnerving week, payrolls aside.
Gamma ‘Close To The Cliff’, Raising Risk Of ‘Asymmetric Move Higher In Volatility’
Mind the gravitational field.
Here’s What’s Behind The ‘Relentless Bid For Stocks’
All of this is playing out against a backdrop defined by a (rare) dearth of news flow…
The World According To Charlie: Nomura’s McElligott On Macro, Markets And Gamma As The Most Powerful Flow In The Universe
“I view the world from the lens of volatility.”
Nomura’s Charlie McElligott On China Tariffs: ‘September Selloff Window May Be Pulled Forward’
“The pieces were already aligning”.
Nomura’s McElligott Explains What Tariff News ‘Very Clearly’ Means For US Stocks
“…this re-pricing lower in the VIX complex should drive powerful second-order impacts”.
With ‘Crash’ Bets Bid And Downside Risks Lingering, Nomura’s McElligott Talks Possible ‘Quiet’ Period
That said, risks come back into play starting in late August.
