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Featured

Let’s Talk Blue Waves

November 1, 2026November 1, 2026
  • Weekly: The Leveraged Buildout (Speculative Gravity Control)

    October 31, 2026October 31, 2026
  • The Problem, In A Nutshell…

    October 30, 2026
  • What’s What And WTF?

    October 30, 2026October 30, 2026

Markets

Oil, Dammit!

October 30, 2026November 1, 2026
  • My Goodness: Amazon Spent Some Money

    October 29, 2026October 31, 2026
  • Alphabet Whiffs, Microsoft Hits

    October 28, 2026October 31, 2026
  • Mona Lisa’s Smirk

    October 28, 2026October 29, 2026
  • F-ck You, Claude (Zen)

    October 27, 2026October 28, 2026

economy

‘Remains Elevated’

October 29, 2026October 30, 2026
  • Boom!

    October 29, 2026October 30, 2026
  • Dissembling Strategery

    October 28, 2026October 29, 2026
  • Frozen Bubble

    October 27, 2026October 28, 2026
  • It’s All Relative

    October 27, 2026October 28, 2026

Geopolitics

Lagarde Versus Le Pen?

October 29, 2026October 30, 2026

The Tragic Irony Of The Israeli State

October 28, 2026October 29, 2026

Lula!

October 26, 2026October 27, 2026

Duly Noted

An ARM And A Leg

October 28, 2026October 30, 2026

Not Since 1969…

October 22, 2026October 24, 2026

Buy America! Fed Launches Primary Corporate Credit Facility

June 29, 2020June 29, 2020

If you were already offended by the Fed’s purported “transgressions”, you can pretend to be even angrier now.

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6 Comments on Buy America! Fed Launches Primary Corporate Credit Facility

The Data Is Playing Along

June 29, 2020June 29, 2020

And yet, it all hinges on the jobs report.

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2 Comments on The Data Is Playing Along

As ‘Bargain’ Remdesivir Pricing Draws Ire, Market Casts Wary Eye At Relentless Virus

June 29, 2020June 29, 2020

“An amazing deal”.

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7 Comments on As ‘Bargain’ Remdesivir Pricing Draws Ire, Market Casts Wary Eye At Relentless Virus

Nomura’s McElligott On ‘Unprecedented’ Short Covering And A ‘Perverse’ Local Risk

June 29, 2020June 29, 2020

“All’s well unless”…

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2 Comments on Nomura’s McElligott On ‘Unprecedented’ Short Covering And A ‘Perverse’ Local Risk

Geopolitics On The Burner As Trump Struggles With Russia Bounties Story, China Quandary

June 29, 2020June 29, 2020

“Lies”.

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3 Comments on Geopolitics On The Burner As Trump Struggles With Russia Bounties Story, China Quandary

Hopefully, So Far, For Now

June 28, 2020June 29, 2020

Investors face an uncertain future after historic rally.

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3 Comments on Hopefully, So Far, For Now

Fed Unveils Composition Of Corporate Bond Portfolio. Why Not Have A Look?

June 28, 2020June 28, 2020

“Moral hazard!”, everyone shouted, in unison.

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10 Comments on Fed Unveils Composition Of Corporate Bond Portfolio. Why Not Have A Look?

‘Pivotal’

June 28, 2020June 28, 2020

Then again, fireworks have a way of showing up when you least expect them.

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2 Comments on ‘Pivotal’

Trump Stumbles Into New Crisis As Russian Bounties Story Spirals

June 28, 2020October 12, 2021

“He can disown everything if no one ever told him about it”.

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2 Comments on Trump Stumbles Into New Crisis As Russian Bounties Story Spirals

Picture Perfect: The Fed Gets ‘Exactly What It Wants’

June 27, 2020August 15, 2020

“The Fed must be happy”, TD’s Priya Misra said this week. “Well, at least pleased

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2 Comments on Picture Perfect: The Fed Gets ‘Exactly What It Wants’

Goldman: Expect High Volatility And Low Risk-Adjusted Returns

June 27, 2020June 27, 2020

Curb your enthusiasm. And buckle up.

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2 Comments on Goldman: Expect High Volatility And Low Risk-Adjusted Returns

This Time Was Different. Bears Should Live To Fight Another Day

June 27, 2020June 28, 2020

“It ain’t over yet.” Yes it is.

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11 Comments on This Time Was Different. Bears Should Live To Fight Another Day

The Big Question Still Has No Answer.

June 26, 2020

“The current crisis is more complex than the 2008 GFC”.

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3 Comments on The Big Question Still Has No Answer.

‘Serious Problems’

June 26, 2020June 27, 2020

Simply put: The economic, market, and societal cross currents are strong right now.

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Leave a Comment on ‘Serious Problems’

‘We Need To Re-Evaluate Our Understanding Of Volatility’: The Babadook Revisited

June 26, 2020June 26, 2020

To be sure, we had ample warning.

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9 Comments on ‘We Need To Re-Evaluate Our Understanding Of Volatility’: The Babadook Revisited

Deep In The Heart Of Texas

June 26, 2020June 26, 2020

“…driven by certain types of activities, including Texans congregating in bars”.

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6 Comments on Deep In The Heart Of Texas

Will A Still Elevated Personal Savings Rate Undercut The Next Virus Relief Bill?

June 26, 2020June 26, 2020

Friday’s data is mostly indecipherable, but there are some takeaways.

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2 Comments on Will A Still Elevated Personal Savings Rate Undercut The Next Virus Relief Bill?

Inflow Bonanza Rolls On For Blue-Chip Credit, But Junk Funds See First Outflow Since March

June 26, 2020June 26, 2020

The Powell pledge continues to embolden the market.

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Leave a Comment on Inflow Bonanza Rolls On For Blue-Chip Credit, But Junk Funds See First Outflow Since March

Journey.

June 26, 2020June 26, 2020

“It is going to be different”.

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9 Comments on Journey.

‘Normal’

June 25, 2020June 26, 2020

Maybe the White House should charge COVID-19 with “treason, sedition and insurrection”.

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13 Comments on ‘Normal’

As Senate Turns Screws On China, Trump ‘Prods’ US Tech To Buy Ericsson, Nokia In Huawei Battle

June 25, 2020June 25, 2020

“Administration officials have talked about inserting the federal government deep into the private sector”…

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1 Comment on As Senate Turns Screws On China, Trump ‘Prods’ US Tech To Buy Ericsson, Nokia In Huawei Battle

Texas Freezes Reopening Push As Houston Faces ‘Apocalyptic’ July 4th

June 25, 2020June 25, 2020

“We can’t go there”.

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14 Comments on Texas Freezes Reopening Push As Houston Faces ‘Apocalyptic’ July 4th

World Trade Just Collapsed An Epic 16%

June 25, 2020

Up in smoke.

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8 Comments on World Trade Just Collapsed An Epic 168

Jobless Claims Miss Again As Labor Market Outlook Still Murky

June 25, 2020June 25, 2020

This makes two weeks in a row.

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5 Comments on Jobless Claims Miss Again As Labor Market Outlook Still Murky

‘At Least It’s Moving’: That About Sums It Up For US Economy

June 25, 2020June 25, 2020

So, we’ve got that going for us.

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1 Comment on ‘At Least It’s Moving’: That About Sums It Up For US Economy

‘Now That’s How It Was Supposed To Go!’ Nomura’s McElligott Talks Selloff, Sees ‘Rally Looking Out’

June 25, 2020June 25, 2020

“The ‘trade up into-, trade down out of-‘ the June serial options expiration phenomenon [is] finally kicking in”.

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Insult To Injury.

June 24, 2020June 25, 2020

Market participants are exhausted with COVID-19.

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3 Comments on Insult To Injury.

Posts pagination

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Monthly Letters

The Arbitrageur

October 29, 2026October 29, 2026

To Be Happy

September 4, 2026September 4, 2026

Hell Or High Fashion

July 3, 2026July 3, 2026

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