Why One Popular Strategist Is Constructive Into Year-End
“It feels to me like a short vol trade in rates,” Nomura’s Charlie McElligott said
“It feels to me like a short vol trade in rates,” Nomura’s Charlie McElligott said
On the heels of an exceedingly unfortunate three months during which both equities and bonds
Those of you old enough to remember March may recall that the fireworks surrounding SVB’s
Equities will have to try a little harder (and probably a lot harder) if they
The data docket is mercifully sparse across the world’s largest economy this week. That’s a
The “everything rally” is back in the US. As discussed at length in the latest
Ahead of this week’s all-important Treasury refunding announcement, Nomura’s Charlie McElligott suggested Janet Yellen might
Jerome Powell this week re-learned a lesson taught time and again over the course of
In “Canaries And Key Levels” and also in “Stocks Look Beyond GDP Barnburner To Price
As discussed here on too many occasions to count over the past week or two,
This week’s Treasury financing estimate and refunding announcement are a big deal. Indeed, as discussed
“Sell the last hike.” That’s been the mantra for one of the sell-side’s most recognizable
Anyone in need of respite from the roller coaster that is the US bond market
The largest Treasury ETF became a source of intense — and I’ll eschew the temptation
Vol-selling across the equities options space was “unrelenting” late last week and early this week.
Remember the call spread buyer? If not, I won’t trouble you with the specifics on
When you hear the term “disinversion,” you probably think Treasury curve. If this were a
On Thursday, while editorializing around the slowest pace of US existing home sales since 2010,
There’s rarely a dull moment in the US rates complex these days. If it’s fireworks
Investors will get an update on consumer spending across the world’s largest economy this week,
A few days ago, I made the passing observation that if Fed officials are inclined
Equities may be inclined to sustain a rebound from their late-summer swoon, and the odds
You could argue that stocks should’ve been meaningfully lower on the back of a warm
It all hinges on the evolution of the data, of course, but absent an inflation
The impact of systematic flows — and particularly systematic selling — on equities is a
The key question on the heels of this summer’s dramatic escalation in what’s now the
If you don’t like to talk about bonds, you’re at wits’ end by now. The
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