If you’re looking for an excuse to get tactically bearish, you might point to quarterly
Category: volatility
Exploding Trees
“After a short period of time, after about 18 months, they become very dry, they
‘You Can’t Win If You Don’t Play!’ Lottery Tickets And A Mania Postmortem
On the off chance you had any lingering doubts, a breakdown of equity buyers (by
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
Deutsche’s Kocic Flags ‘Fear Of Massive Risk-Off Trade’ Amid Unprecedented Political Entropy
Earlier this month, while appraising the twisted, smoldering heap of institutions, norms, and principles that
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
Frankenstein
If you were wondering how much SoftBank made buying calls on US tech stocks over
Whale Tales And Riverboat Gamblers: The Story Of 2020’s Summer Tech Bonanza
“Think back to last week when the bulls were telling us that the market was
The Nasdaq Whale
We now know that SoftBank was the “Nasdaq whale”. For at least a week prior
Charlie McElligott And The Reservoir Dogs Standoff
“Little did you know I meant MINUTES not months”, Nomura’s Charlie McElligott quipped on Friday,
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
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
‘LOLWUT’: Nomura’s McElligott Explains Tech’s Upside Summer Crash
There’s “consternation” about the “spot up, vol up” dynamic evidenced in US benchmarks of late,
Stocks Up, Vol Up And ‘The Mighty Call Trading Legion’
Monday was yet another session that found stocks rising alongside volatility, although the S&P ended
As Correlations Collapse, Thank ‘Tech Bubble’ For Low Index Volatility
I’ve committed gallons of digital ink to the noble cause of documenting the scope of,
Virtual Reality
If there’s a “method” to someone’s “madness”, is it still “madness”? That’s a question the
Deutsche’s Kocic On Risk Parity, Policy, And The Intrinsic Fragility Of The Entire Socioeconomic System
Earlier this month, I revisited the risk parity discussion as it relates to the viability
Security Blankets, 94.5th %ile Sentiment, And ‘The View’ From Nomura’s McElligott
Mega-cap tech blew the proverbial doors off last week when the companies which, together, make
What JPMorgan And Nomura’s Charlie McElligott Are Saying About Stocks As August Kicks Off
If you harbor some “misgivings” about US equities, which have run more than 45% from
Averting The Worst-Case, Calling The Top, And Prepping For Vol. Events
Earnings season isn’t turning out as dire as expected. That statement is both true and
Nomura’s McElligott Asks: ‘Could It Really Have Been That Simple?’
Gathering storm clouds notwithstanding, market participants are obliged to ponder the somewhat surreal prospect that,
Deutsche’s Kocic: It’s ‘As If The Market Doesn’t See Any Bounds’ For Monetary Policy Support
Are there limits to central banks’ capacity to “administer” asset prices and otherwise engineer benign
Nomura’s McElligott: Systematic Strategies Helping Drive Rally As CTAs, Vol-Control Mechanically Buy
“With the simple mathematical reality of realized volatilities over short-term (trailing) windows likely collapsing lower
The Final Leap: America’s Overlapping Crises May Make Fed Stock Buying Inevitable
“If you don’t think that the mechanical processes that have been worked out over the
Deutsche’s Kocic On ‘5 Major Crises’ And ‘The Big Whipsaw Of 2020’
“Markets are not behaving in a conventional way, in any historical, traditional or logical metric
Nomura’s Charlie McElligott Talks Pandemic, Stocks, Bonds, Election In Sweeping Interview
“The entire professional investor universe is, in my mind, basically a momentum trader themselves”.
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