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Featured

Sell-Side Sarcasm: New And Improved!

November 2, 2026November 2, 2026
  • 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

Markets

The Problem, In A Nutshell…

October 30, 2026November 2, 2026
  • 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

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

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’

Joe Biden Odds Go Full-Tesla, Virus Spreads Virtually Unchecked

March 4, 2020March 4, 2020

A “miracle” comeback and an ongoing public health crisis.

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2 Comments on Joe Biden Odds Go Full-Tesla, Virus Spreads Virtually Unchecked

Fed Harshly Panned For ‘Panic’ Rate Cut. Market Looks To Biden For Relief

March 3, 2020March 4, 2020

Now, in 2020, it’s not clear where we are, besides on the border of lost credibility.

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7 Comments on Fed Harshly Panned For ‘Panic’ Rate Cut. Market Looks To Biden For Relief

Zoltan Pozsar Takes On COVID-19: ‘Use The Swap Lines, An Uncapped Repo Facility And QE’

March 3, 2020March 3, 2020

“Dollar funding is always the orphaned child of crises”.

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10 Comments on Zoltan Pozsar Takes On COVID-19: ‘Use The Swap Lines, An Uncapped Repo Facility And QE’

Pop Your Collar, The Black Swan Is Here.

March 3, 2020March 3, 2020

Things didn’t go according to plan.

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12 Comments on Pop Your Collar, The Black Swan Is Here.

Steve Mnuchin Says ‘There’s No Reason’ To Halt The Stock Market (And 10-Year Yields Make History)

March 3, 2020March 3, 2020

“…the markets are working properly.”

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Leave a Comment on Steve Mnuchin Says ‘There’s No Reason’ To Halt The Stock Market (And 10-Year Yields Make History)

Coronavirus Selloff Resembles Lehman In One Key Respect. Will The Emergency Fed Cut Change That?

March 3, 2020March 4, 2020

Is your parachute working?

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4 Comments on Coronavirus Selloff Resembles Lehman In One Key Respect. Will The Emergency Fed Cut Change That?

Fed Delivers Emergency 50 Basis Point Rate Cut Amid Virus Scare, Oversubscribed Repos

March 3, 2020March 3, 2020

“Whatever it takes”, I suppose.

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5 Comments on Fed Delivers Emergency 50 Basis Point Rate Cut Amid Virus Scare, Oversubscribed Repos

Nomura’s McElligott Explains The Market’s ‘Embedded Short’, Looks Ahead

March 3, 2020

And yet, through it all…

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1 Comment on Nomura’s McElligott Explains The Market’s ‘Embedded Short’, Looks Ahead

Strategists ‘Fight To Keep Their Inner Cynic At Bay’ As G-7 Deus Ex Machina Disappoints

March 3, 2020March 3, 2020

Quixotic?

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5 Comments on Strategists ‘Fight To Keep Their Inner Cynic At Bay’ As G-7 Deus Ex Machina Disappoints

RBA Cuts Rates, BoJ Shows Resolve As Central Banks Take Aim At Virus

March 2, 2020

It’s at least possible market participants will view the RBA’s cut as too little, and the BoJ’s liquidity ops as meaningless.

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1 Comment on RBA Cuts Rates, BoJ Shows Resolve As Central Banks Take Aim At Virus

One Strategist Is ‘Taking Profits As Soon As Possible’ After Best Surge Since 2009

March 2, 2020March 3, 2020

Everyone bought the G-7 teleconference “rumor”. Will they sell the news?

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6 Comments on One Strategist Is ‘Taking Profits As Soon As Possible’ After Best Surge Since 2009

A (Dove’s) Wing And A Prayer.

March 2, 2020March 2, 2020

Either way…

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6 Comments on A (Dove’s) Wing And A Prayer.

Recession Ahoy?

March 2, 2020March 2, 2020

Printing presses vs. pandemics.

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2 Comments on Recession Ahoy?

ISM Manufacturing Hangs Tough, But Virus Concerns Are Pervasive

March 2, 2020March 2, 2020

“Coronavirus continues to be front and center as a major supply chain risk to our company.”

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Leave a Comment on ISM Manufacturing Hangs Tough, But Virus Concerns Are Pervasive

The Cat’s Out Of The Bag.

March 2, 2020March 2, 2020

Traders have questions.

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1 Comment on The Cat’s Out Of The Bag.

Here Is The OECD’s Full Assessment Of The Threat From The Coronavirus

March 2, 2020March 2, 2020

Including the “domino scenario”.

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Leave a Comment on Here Is The OECD’s Full Assessment Of The Threat From The Coronavirus

A Doomed Cavalry Charge? Rates Rage On Wild Central Bank Easing Speculation

March 2, 2020March 2, 2020

Now these are some “great expectations”.

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7 Comments on A Doomed Cavalry Charge? Rates Rage On Wild Central Bank Easing Speculation

New York Gets The Virus, Buttigieg Quits Race, Caixin Crumbles In Monday News Deluge

March 1, 2020March 2, 2020

Welcome to the new week. Enjoy your stay.

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1 Comment on New York Gets The Virus, Buttigieg Quits Race, Caixin Crumbles In Monday News Deluge

‘Defining Moment’ For Markets As BoJ Kicks Off Central Bank Response After Dire Weekend News Flow

March 1, 2020March 1, 2020

“Be prepared and dust off the crisis playbook”.

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5 Comments on ‘Defining Moment’ For Markets As BoJ Kicks Off Central Bank Response After Dire Weekend News Flow

Sometimes, The Entire Edifice Simply Implodes

March 1, 2020March 1, 2020

“Which investors drove this selloff?” Another market “whodunnit”.

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5 Comments on Sometimes, The Entire Edifice Simply Implodes

Another Crisis: Turkey-Syria Push Hostilities To Brink, Erdogan Floods Europe With Refugees

March 1, 2020March 1, 2020

Just about the last thing the world wants to ponder right now…

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2 Comments on Another Crisis: Turkey-Syria Push Hostilities To Brink, Erdogan Floods Europe With Refugees

Iran Faces Third National Tragedy Of 2020 As COVID-19 Cases Explode

March 1, 2020March 1, 2020

When it rains, it most assuredly pours.

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3 Comments on Iran Faces Third National Tragedy Of 2020 As COVID-19 Cases Explode

Mideast Stocks Plunge After $80 Billion Wipeout, As Virus Panic, Crude Collapse Weigh

March 1, 2020March 1, 2020

Needless to say, oil’s worst week since the crisis didn’t help.

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oil, OPECLeave a Comment on Mideast Stocks Plunge After $80 Billion Wipeout, As Virus Panic, Crude Collapse Weigh

The Virus Is Now More Popular Than Trump.

February 29, 2020March 1, 2020

“You will probably go through a process and you’ll be fine”.

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5 Comments on The Virus Is Now More Popular Than Trump.

‘So, It Was Right Not To Buy The Dip’: Traders Warily Eye New Week As US Reports First COVID-19 Death

February 29, 2020February 29, 2020

“…spilt milk, under the bridge”.

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16 Comments on ‘So, It Was Right Not To Buy The Dip’: Traders Warily Eye New Week As US Reports First COVID-19 Death

Trump’s Taliban Deal Leaves Haqqani Question Unanswered. Road Ahead Fraught With Peril

February 29, 2020February 29, 2020

“A hopeful moment, but only the beginning”.

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1 Comment on Trump’s Taliban Deal Leaves Haqqani Question Unanswered. Road Ahead Fraught With Peril

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Monthly Letter

  • The Arbitrageur

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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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