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Category: volatility

Think The Fed Will Cut Rates In 2020? Here’s What Happened Ahead Of Historical ‘First Cuts’

March 20, 2019March 20, 2019

What happens in the lead-up to “first cuts”?

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3 Comments on Think The Fed Will Cut Rates In 2020? Here’s What Happened Ahead Of Historical ‘First Cuts’

From Doomsday To The Largest Cross-Asset Vol. Collapse Since ‘Whatever It Takes’

March 19, 2019April 6, 2019

… in the space of three months.

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4 Comments on From Doomsday To The Largest Cross-Asset Vol. Collapse Since ‘Whatever It Takes’

The ‘Fed Put’ Has A New Strike, Deutsche’s Kocic Says…

March 6, 2019March 7, 2019

“…the math consists of finding the strike that corresponds to the put with lower volatility.”

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6 Comments on The ‘Fed Put’ Has A New Strike, Deutsche’s Kocic Says…

‘Recessions Used To Be Exciting’: Deutsche’s Kocic Asks If It’s Finally Time To Own Volatility

February 26, 2019

“Recessions used to be exciting”…

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2 Comments on ‘Recessions Used To Be Exciting’: Deutsche’s Kocic Asks If It’s Finally Time To Own Volatility

Seeing Red And The Indefinite Suppression Of Rates Volatility

February 18, 2019

“…it is difficult to build a case for owning rates volatility over any horizon.”

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1 Comment on Seeing Red And The Indefinite Suppression Of Rates Volatility

The Evolution Of Cross-Asset Vol. Spikes And July 6, 2021, As Recession D-Day

February 13, 2019

It starts with stocks…

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1 Comment on The Evolution Of Cross-Asset Vol. Spikes And July 6, 2021, As Recession D-Day

BTFD Nostalgia: YTD Volatility Drop Among Largest Since 1928

February 11, 2019February 11, 2019

A sight for sore eyes.

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The Central Bank Put Is Still There, But ‘Politicians’ Implied Vol.’ Has Exploded

February 1, 2019

“Have central banks blinked? We think so”…

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3 Comments on The Central Bank Put Is Still There, But ‘Politicians’ Implied Vol.’ Has Exploded

Marko Kolanovic Explains The ‘Liquidity-Volatility-Flows Feedback Loop’

January 16, 2019January 8, 2022

“… at times of high volatility, the VIX is almost the sole driver of market
liquidity.”

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3 Comments on Marko Kolanovic Explains The ‘Liquidity-Volatility-Flows Feedback Loop’

God Bless The Golfers And Bowlers.

December 29, 2018October 23, 2021

Liquidity, volatility and exercises in abject futility.

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11 Comments on God Bless The Golfers And Bowlers.

Good News, Bad News And A Bull That Just Won’t Die

December 26, 2018October 23, 2021

Random musings and such.

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6 Comments on Good News, Bad News And A Bull That Just Won’t Die

Matches, Kindling And Ships In Shallow Seas

December 20, 2018December 20, 2018

“A lack of liquidity is akin to a ship trying to navigate seas without much water – accidents are likely in such an environment.”

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2 Comments on Matches, Kindling And Ships In Shallow Seas

Fata Morgana: Financial Parallax And Recession As Subverted Perspective

December 15, 2018December 16, 2018

Self-feeding loops and circular dynamics.

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2 Comments on Fata Morgana: Financial Parallax And Recession As Subverted Perspective

‘Enjoy!’ The Powell Put, Rates Vol. And Other Thoughts On Another Horrific Friday

December 14, 2018October 23, 2021

“Come and play with us, Danny.”

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10 Comments on ‘Enjoy!’ The Powell Put, Rates Vol. And Other Thoughts On Another Horrific Friday

As Chanos Warns On ‘Fragility’, Goldman Tells You Where The Tail Risks Are

December 14, 2018December 14, 2018

Putting some nuance on Jim’s “fragility” warning and “chasing tail” with Goldman.

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2 Comments on As Chanos Warns On ‘Fragility’, Goldman Tells You Where The Tail Risks Are

Marko Kolanovic Delivers 2019 Outlook And It Is Quite Something…

December 7, 2018January 8, 2022

A truly incisive critique from the Street’s most celebrated analyst.

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16 Comments on Marko Kolanovic Delivers 2019 Outlook And It Is Quite Something…

‘Sad Nonsense’: A ‘Whodunit?’ Guide To Tuesday’s Wall Street Mayhem

December 5, 2018December 5, 2018

Line up the usual suspects.

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hedge funds2 Comments on ‘Sad Nonsense’: A ‘Whodunit?’ Guide To Tuesday’s Wall Street Mayhem

Post-Mortem.

December 4, 2018December 4, 2018

It’s autopsy time.

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1 Comment on Post-Mortem.

Rates Volatility And The Indoor Trampoline

November 17, 2018

Amid the storm, there’s one place where volatility isn’t showing up…

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2 Comments on Rates Volatility And The Indoor Trampoline

In Search Of A New Fed Put Strike Equilibrium

November 3, 2018November 3, 2018

We’re not there yet.

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2 Comments on In Search Of A New Fed Put Strike Equilibrium

Why October’s Selloff Doesn’t Look Systemic

October 26, 2018October 26, 2018

Maybe this isn’t “the big one” after all.

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Goldman: ‘Naively, Wednesday’s S&P Selloff Was The 5th-Largest Tail Event In History’

October 12, 2018

More fragility events.

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3 Comments on Goldman: ‘Naively, Wednesday’s S&P Selloff Was The 5th-Largest Tail Event In History’

Nomura’s Charlie McElligott Outlines The ‘Two-Speed’ Research Thesis For A ‘Vol-Centric World’

September 16, 2018September 16, 2018

“The changes, the inflections that are made happen unemotionally and happen with significant leverage behind them.”

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Where Did The Volatility Go And When Will It Be Back?

September 9, 2018

“We see a case for being long vol next year.”

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‘Winter Is Coming’ For The White House And One Bank Worries The Market ‘Can’t Handle’ Volatility

September 1, 2018September 2, 2018

“Post-election, our biggest concern is whether a complacent market can handle a rise in volatility.”

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1 Comment on ‘Winter Is Coming’ For The White House And One Bank Worries The Market ‘Can’t Handle’ Volatility

Volatility Trade Has A Catch-22 Feel To It These Days, Analysts Say

August 29, 2018August 29, 2018

Good luck.

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‘July Was Awful Pretty Much Across The Board’: Exchanges Tumble As Outlook Sours

July 30, 2018

Wipeout.

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