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Featured

Let’s Talk Blue Waves

November 1, 2026November 1, 2026
  • Polls, Projectiles And Payrolls

    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

Markets

What’s What And WTF?

October 30, 2026November 1, 2026
  • 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

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

‘Panic’ Grips Mideast Markets. Shares Dive Most Since Financial Crisis. Aramco Crashes

March 8, 2020March 8, 2020

Just call it “a regrettable day for us all’.

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oil, OPEC4 Comments on ‘Panic’ Grips Mideast Markets. Shares Dive Most Since Financial Crisis. Aramco Crashes

In Dramatic Escalation, Saudi Arabia Effectively Declares Oil Price War

March 7, 2020March 8, 2020

You ain’t seen nothin’ yet. 

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oil, OPEC10 Comments on In Dramatic Escalation, Saudi Arabia Effectively Declares Oil Price War

For One Bank, A Global Recession And A Bear Market Just Became The Baseline Forecast

March 7, 2020March 7, 2020

“…it is much too early to declare this episode as being done.”

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11 Comments on For One Bank, A Global Recession And A Bear Market Just Became The Baseline Forecast

S&P Needs To Rally 8-10% To Escape Gamma Trap, One Bank Says

March 7, 2020March 7, 2020

“Almost” there…

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1 Comment on S&P Needs To Rally 8-10% To Escape Gamma Trap, One Bank Says

Dollar-Funding Stress Could Be ‘Crossing The Rubicon’ Moment For Market

March 7, 2020March 7, 2020

Canaries and such.

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Leave a Comment on Dollar-Funding Stress Could Be ‘Crossing The Rubicon’ Moment For Market

Virus News Worsens, Analysts Ponder ‘Severe’ Scenarios For US Economy

March 7, 2020March 7, 2020

Of course, none of this means we should take Rick Santelli’s advice.

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8 Comments on Virus News Worsens, Analysts Ponder ‘Severe’ Scenarios For US Economy

China Exports Sank 17% Amid Virus Lockdown, Delayed Data Shows

March 7, 2020

Ambiguity remains.

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2 Comments on China Exports Sank 172 Amid Virus Lockdown, Delayed Data Shows

The Week When Everything Else Snapped.

March 6, 2020March 7, 2020

“Wild” is an inadequate adjective.

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oil, OPEC3 Comments on The Week When Everything Else Snapped.

One Bank’s Warning As Credit Cracks: ‘The Black Swan Is A Liquidity Crisis’

March 6, 2020March 6, 2020

“Worry about liquidity, not funding”.

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5 Comments on One Bank’s Warning As Credit Cracks: ‘The Black Swan Is A Liquidity Crisis’

OPEC+ Is Dead. No Telling Where Bottom Is For Crude.

March 6, 2020

Worst-case outcome.

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oil, OPEC2 Comments on OPEC+ Is Dead. No Telling Where Bottom Is For Crude.

Veteran Traders See Shades Of 2008 In Friday’s Action

March 6, 2020March 6, 2020

“Ever. Even during the 2008 crisis”.

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2 Comments on Veteran Traders See Shades Of 2008 In Friday’s Action

‘Tin Hat’ Time In FX As Duration Goes ‘Offer-less’ Amid Quarantine Panic

March 6, 2020March 6, 2020

Carry a towel.

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3 Comments on ‘Tin Hat’ Time In FX As Duration Goes ‘Offer-less’ Amid Quarantine Panic

Jobs Report Blows Through Expectations, But Market Likely To View Numbers As Stale

March 6, 2020March 6, 2020

The numbers are good, but things have changed and the situation is fluid.

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2 Comments on Jobs Report Blows Through Expectations, But Market Likely To View Numbers As Stale

Defcon 1.

March 6, 2020March 6, 2020

It’s getting scary out there.

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4 Comments on Defcon 1.

Rick Santelli Has Coronavirus Solution: Deliberately Infect Everybody And Let Darwin Sort It Out

March 5, 2020

“But maybe we’d be just better off if we gave it to everybody”.

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5 Comments on Rick Santelli Has Coronavirus Solution: Deliberately Infect Everybody And Let Darwin Sort It Out

Harley Bassman: ‘The Pandemic Has Pulled Back The Curtain On The Downside Of Xenophobic Nationalism’

March 5, 2020March 7, 2020

“Such a pity that a passport is not required for this virus to travel across borders.”

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2 Comments on Harley Bassman: ‘The Pandemic Has Pulled Back The Curtain On The Downside Of Xenophobic Nationalism’

And I’ll Dance With You In Vienna.

March 5, 2020March 6, 2020

“There’s a tree where the doves go to die”…

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oil, OPEC5 Comments on And I’ll Dance With You In Vienna.

All This Selloff Was Missing Was A Jeff Gundlach Chat With Scott Wapner. Not Anymore.

March 5, 2020March 5, 2020

“Stick a fork in it.”

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5 Comments on All This Selloff Was Missing Was A Jeff Gundlach Chat With Scott Wapner. Not Anymore.

We’re All Momentum Traders Now

March 5, 2020March 6, 2020

“We are all subject to the same risk management parameters.”

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7 Comments on We’re All Momentum Traders Now

Fear Reigns.

March 5, 2020March 5, 2020

“In a significant way”.

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4 Comments on Fear Reigns.

‘Try 8X Instead’: As Market Crosses Another ‘Ice Age’ Milestone, Albert Edwards Looks Ahead

March 5, 2020March 6, 2020

“Try 8x instead at the bottom of the next recession and see where that takes us!”

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2 Comments on ‘Try 8X Instead’: As Market Crosses Another ‘Ice Age’ Milestone, Albert Edwards Looks Ahead

We Should Have Just Ordered Chinese.

March 5, 2020March 5, 2020

Oh, the tragic irony.

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2 Comments on We Should Have Just Ordered Chinese.

‘A Lot Has Changed Since This Weekend’: World, Markets Go COVID-Crazy

March 4, 2020March 5, 2020

“We certainly hope that these latest measures are enough”.

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3 Comments on ‘A Lot Has Changed Since This Weekend’: World, Markets Go COVID-Crazy

Depth Charge And The Biden Affair

March 4, 2020March 4, 2020

“…since the beginning of the COVID-19 panic, there’s been a ~90% plunge in futures market depth.”

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2 Comments on Depth Charge And The Biden Affair

Wild Discrepancy Opens Up Between Key Gauges Of US Services Sector

March 4, 2020March 4, 2020

Which one of you is lying?

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1 Comment on Wild Discrepancy Opens Up Between Key Gauges Of US Services Sector

Global Rate Cut Bonanza Continues As Canada Takes A Swing At COVID-19

March 4, 2020March 4, 2020

Are you listening virus?!

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4 Comments on Global Rate Cut Bonanza Continues As Canada Takes A Swing At COVID-19

Nomura’s McElligott: ‘One Left Tail Down, One To Go’

March 4, 2020March 4, 2020

The ever-present COVID-19 tape bomb risk notwithstanding…

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2 Comments on Nomura’s McElligott: ‘One Left Tail Down, One To Go’

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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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