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Category: volatility

JPMorgan Sees $200 Billion Near-Term Risk For Stocks, But Kolanovic Still Broadly Bullish

September 16, 2020September 16, 2020

If you’re looking for an excuse to get tactically bearish, you might point to quarterly

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1 Comment on JPMorgan Sees $200 Billion Near-Term Risk For Stocks, But Kolanovic Still Broadly Bullish

Exploding Trees

September 14, 2020September 15, 2020

“After a short period of time, after about 18 months, they become very dry, they

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6 Comments on Exploding Trees

‘You Can’t Win If You Don’t Play!’ Lottery Tickets And A Mania Postmortem

September 11, 2020September 11, 2020

On the off chance you had any lingering doubts, a breakdown of equity buyers (by

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3 Comments on ‘You Can’t Win If You Don’t Play!’ Lottery Tickets And A Mania Postmortem

Buy The Dip Mantra Tested After ‘Right Kind Of Washout’ For Tech Mania

September 9, 2020September 9, 2020

“I’m buying the dip, who’s with me?!” If I frequented retail investor Reddit boards, I

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Leave a Comment on Buy The Dip Mantra Tested After ‘Right Kind Of Washout’ For Tech Mania

Deutsche’s Kocic Flags ‘Fear Of Massive Risk-Off Trade’ Amid Unprecedented Political Entropy

September 8, 2020September 9, 2020

Earlier this month, while appraising the twisted, smoldering heap of institutions, norms, and principles that

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15 Comments on Deutsche’s Kocic Flags ‘Fear Of Massive Risk-Off Trade’ Amid Unprecedented Political Entropy

Nomura’s McElligott: Tesla The ‘Retail Gamma Proxy’ Is Now An ‘Idiosyncratic Pain Point’

September 8, 2020September 8, 2020

Why does Tesla’s tumble in the wake of what Bloomberg described as the S&P 500

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2 Comments on Nomura’s McElligott: Tesla The ‘Retail Gamma Proxy’ Is Now An ‘Idiosyncratic Pain Point’

Frankenstein

September 6, 2020September 7, 2020

If you were wondering how much SoftBank made buying calls on US tech stocks over

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14 Comments on Frankenstein

Whale Tales And Riverboat Gamblers: The Story Of 2020’s Summer Tech Bonanza

September 5, 2020September 7, 2020

“Think back to last week when the bulls were telling us that the market was

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9 Comments on Whale Tales And Riverboat Gamblers: The Story Of 2020’s Summer Tech Bonanza

The Nasdaq Whale

September 4, 2020September 7, 2020

We now know that SoftBank was the “Nasdaq whale”. For at least a week prior

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18 Comments on The Nasdaq Whale

Charlie McElligott And The Reservoir Dogs Standoff

September 4, 2020September 4, 2020

“Little did you know I meant MINUTES not months”, Nomura’s Charlie McElligott quipped on Friday,

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2 Comments on Charlie McElligott And The Reservoir Dogs Standoff

As Tech Bleeds Red, A Possible Silver Lining Emerges…

September 3, 2020September 3, 2020

On Thursday morning, tech shares in the US plunged in what was poised to be

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Leave a Comment on As Tech Bleeds Red, A Possible Silver Lining Emerges…

Nomura’s McElligott: Equities Vol Complex Is ‘Broken,’ ‘Something’s Gotta Give’

September 3, 2020September 3, 2020

After a blistering run that conjured every superlative in the dictionary, US equities betrayed the

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7 Comments on Nomura’s McElligott: Equities Vol Complex Is ‘Broken,’ ‘Something’s Gotta Give’

Zoom, Gamma, And A Big Picture Read On ‘An Extremely Unstable Situation’

September 2, 2020September 2, 2020

Following Tuesday’s absurd run-up in shares of Zoom, it’s worth taking a moment to say

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7 Comments on Zoom, Gamma, And A Big Picture Read On ‘An Extremely Unstable Situation’

‘LOLWUT’: Nomura’s McElligott Explains Tech’s Upside Summer Crash

September 1, 2020September 1, 2020

There’s “consternation” about the “spot up, vol up” dynamic evidenced in US benchmarks of late,

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7 Comments on ‘LOLWUT’: Nomura’s McElligott Explains Tech’s Upside Summer Crash

Stocks Up, Vol Up And ‘The Mighty Call Trading Legion’

August 31, 2020September 1, 2020

Monday was yet another session that found stocks rising alongside volatility, although the S&P ended

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3 Comments on Stocks Up, Vol Up And ‘The Mighty Call Trading Legion’

As Correlations Collapse, Thank ‘Tech Bubble’ For Low Index Volatility

August 28, 2020

I’ve committed gallons of digital ink to the noble cause of documenting the scope of,

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1 Comment on As Correlations Collapse, Thank ‘Tech Bubble’ For Low Index Volatility

Virtual Reality

August 26, 2020August 26, 2020

If there’s a “method” to someone’s “madness”, is it still “madness”? That’s a question the

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2 Comments on Virtual Reality

Deutsche’s Kocic On Risk Parity, Policy, And The Intrinsic Fragility Of The Entire Socioeconomic System

August 22, 2020January 23, 2022

Earlier this month, I revisited the risk parity discussion as it relates to the viability

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7 Comments on Deutsche’s Kocic On Risk Parity, Policy, And The Intrinsic Fragility Of The Entire Socioeconomic System

Security Blankets, 94.5th %ile Sentiment, And ‘The View’ From Nomura’s McElligott

August 4, 2020August 4, 2020

Mega-cap tech blew the proverbial doors off last week when the companies which, together, make

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Leave a Comment on Security Blankets, 94.5th %ile Sentiment, And ‘The View’ From Nomura’s McElligott

What JPMorgan And Nomura’s Charlie McElligott Are Saying About Stocks As August Kicks Off

August 3, 2020August 3, 2020

If you harbor some “misgivings” about US equities, which have run more than 45% from

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Leave a Comment on What JPMorgan And Nomura’s Charlie McElligott Are Saying About Stocks As August Kicks Off

Averting The Worst-Case, Calling The Top, And Prepping For Vol. Events

August 1, 2020August 1, 2020

Earnings season isn’t turning out as dire as expected. That statement is both true and

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4 Comments on Averting The Worst-Case, Calling The Top, And Prepping For Vol. Events

Nomura’s McElligott Asks: ‘Could It Really Have Been That Simple?’

July 30, 2020

Gathering storm clouds notwithstanding, market participants are obliged to ponder the somewhat surreal prospect that,

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13 Comments on Nomura’s McElligott Asks: ‘Could It Really Have Been That Simple?’

Deutsche’s Kocic: It’s ‘As If The Market Doesn’t See Any Bounds’ For Monetary Policy Support

July 28, 2020July 28, 2020

Are there limits to central banks’ capacity to “administer” asset prices and otherwise engineer benign

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4 Comments on Deutsche’s Kocic: It’s ‘As If The Market Doesn’t See Any Bounds’ For Monetary Policy Support

Nomura’s McElligott: Systematic Strategies Helping Drive Rally As CTAs, Vol-Control Mechanically Buy

July 20, 2020July 20, 2020

“With the simple mathematical reality of realized volatilities over short-term (trailing) windows likely collapsing lower

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The Final Leap: America’s Overlapping Crises May Make Fed Stock Buying Inevitable

July 12, 2020July 12, 2020

“If you don’t think that the mechanical processes that have been worked out over the

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32 Comments on The Final Leap: America’s Overlapping Crises May Make Fed Stock Buying Inevitable

Deutsche’s Kocic On ‘5 Major Crises’ And ‘The Big Whipsaw Of 2020’

July 11, 2020July 12, 2020

“Markets are not behaving in a conventional way, in any historical, traditional or logical metric

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4 Comments on Deutsche’s Kocic On ‘5 Major Crises’ And ‘The Big Whipsaw Of 2020’

Nomura’s Charlie McElligott Talks Pandemic, Stocks, Bonds, Election In Sweeping Interview

July 10, 2020July 11, 2020

“The entire professional investor universe is, in my mind, basically a momentum trader themselves”.

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3 Comments on Nomura’s Charlie McElligott Talks Pandemic, Stocks, Bonds, Election In Sweeping Interview

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