“Wild” is an inadequate adjective.
Category: VIX
And I’ll Dance With You In Vienna.
“There’s a tree where the doves go to die”…
We’re All Momentum Traders Now
“We are all subject to the same risk management parameters.”
Nomura’s McElligott: ‘One Left Tail Down, One To Go’
The ever-present COVID-19 tape bomb risk notwithstanding…
Sometimes, The Entire Edifice Simply Implodes
“Which investors drove this selloff?” Another market “whodunnit”.
What Just Happened? The Historic Selloff Explained By Nomura’s Charlie McElligott
Stability breeds instability.
All Bets Are Off.
“Unimaginable violence” and emergency intervention…
Werewolves, Emergency Rate Cuts And Peak COVID-19 Panic
A watershed moment?
The Daisy Chain, ‘Crash-Up’, Equity Slingshot Setup Is Back In Play: McElligott
This makes the market especially “vulnerable” to good news.
Macro Tourist Wants To Talk About Vanna White (And Also Volatility)
“…it is becoming more of a self-reinforcing process with changes in VIX causing changes in the underlying asset”.
‘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”.
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.”
‘Sudden Selloff’ Not Likely, But ‘Hedging Is Still Timely’, Goldman Says
“Monitoring conditions”…
On Wall Street, A Summer Meltdown
… stunned traders, disillusioned investors and indifferent algos looked haplessly to one another for answers.Â
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.
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