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Featured

Have The Hyper-Scalers Lost Their Minds?

November 2, 2026November 2, 2026
  • Apple Sets A Bunch Of Records. Misses In China

    November 2, 2026November 2, 2026
  • Debbie Downers Amid The Renaissance

    November 2, 2026November 2, 2026
  • Sell-Side Sarcasm: New And Improved!

    November 2, 2026November 2, 2026

Markets

Weekly: The Leveraged Buildout (Speculative Gravity Control)

October 31, 2026November 2, 2026
  • 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

economy

Polls, Projectiles And Payrolls

November 1, 2026November 2, 2026
  • ‘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

Geopolitics

Let’s Talk Blue Waves

November 1, 2026November 2, 2026

Lagarde Versus Le Pen?

October 29, 2026October 30, 2026

The Tragic Irony Of The Israeli State

October 28, 2026October 29, 2026

Duly Noted

An ARM And A Leg

October 28, 2026October 30, 2026

Not Since 1969…

October 22, 2026October 24, 2026

Iran Strikes Seen As Issue Of National Pride, May Further Goal To Push US Out Of Iraq

January 8, 2020January 8, 2020

“What matters is that the presence of America in this region should come to an end”.

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2 Comments on Iran Strikes Seen As Issue Of National Pride, May Further Goal To Push US Out Of Iraq

Markets Upended By Iran Strikes. Trump Says ‘All Is Well’

January 7, 2020January 7, 2020

Some have suggested this is really nothing more than a “token” response from Tehran.

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oil5 Comments on Markets Upended By Iran Strikes. Trump Says ‘All Is Well’

Iran Begins ‘Operation Martyr Soleimani’, Hits US Bases Including Al-Asad With Rockets

January 7, 2020January 8, 2020

“This morning, courageous fighters of the IRGC’s Air Force launched a successful operation”.

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5 Comments on Iran Begins ‘Operation Martyr Soleimani’, Hits US Bases Including Al-Asad With Rockets

Ray Dalio’s Pure Alpha II Logs First Annual Loss In Nearly Two Decades

January 7, 2020January 7, 2020

“Also-ran”?

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hedge funds4 Comments on Ray Dalio’s Pure Alpha II Logs First Annual Loss In Nearly Two Decades

Trump, Esper Cling To Soleimani Narrative In Painfully Absurd On-Camera Remarks

January 7, 2020January 8, 2020

“I like to obey the law”.

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3 Comments on Trump, Esper Cling To Soleimani Narrative In Painfully Absurd On-Camera Remarks

Mitch McConnell Still Not Sure Why Senate Needs Witnesses When Acquittal Is Foregone Conclusion

January 7, 2020January 7, 2020

“A trial isn’t a trial without evidence”.

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5 Comments on Mitch McConnell Still Not Sure Why Senate Needs Witnesses When Acquittal Is Foregone Conclusion

Why One Bank Thinks Iran’s Next Move ‘May Not Involve Oil At All’

January 7, 2020

It may be counterproductive to engineer a large supply disruption.

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oil5 Comments on Why One Bank Thinks Iran’s Next Move ‘May Not Involve Oil At All’

Nomura’s McElligott On Markets After Soleimani Swan Song: ‘We Short Vol. Knowing We’re Backstopped’

January 7, 2020January 7, 2020

And don’t forget about the gamma pin. And buybacks.

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1 Comment on Nomura’s McElligott On Markets After Soleimani Swan Song: ‘We Short Vol. Knowing We’re Backstopped’

Trump Administration Effectively Bans Javad Zarif From UN So… See You At Davos!

January 7, 2020January 7, 2020

“The world is not limited to New York”.

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Leave a Comment on Trump Administration Effectively Bans Javad Zarif From UN So… See You At Davos!

Euro-Area Inflation Rises Most In 8 Months Just In Time For World War III To Push Oil Prices To $800

January 7, 2020

We jest. Hopefully.

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Iran Planning ‘Historic Nightmare’ For America, Designates Pentagon Terrorist Group, 40 Killed In Stampede At Soleimani Funeral

January 7, 2020January 7, 2020

“We’re going to war, bro”.

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3 Comments on Iran Planning ‘Historic Nightmare’ For America, Designates Pentagon Terrorist Group, 40 Killed In Stampede At Soleimani Funeral

Macro Tourist’s Quick Thoughts On New Year Tendencies

January 6, 2020January 6, 2020

“…this portfolio re-balancing often takes six weeks to complete”.

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1 Comment on Macro Tourist’s Quick Thoughts On New Year Tendencies

Will They Or Won’t They? Markets Hold Breath As Iran Weighs Retribution

January 6, 2020January 7, 2020

“In the absence of new developments”…

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4 Comments on Will They Or Won’t They? Markets Hold Breath As Iran Weighs Retribution

Iran’s Currency, Stocks Shudder After Soleimani Death

January 6, 2020

Who’s a buyer?

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Leave a Comment on Iran’s Currency, Stocks Shudder After Soleimani Death

‘I Am Prepared To Testify’: John Bolton (And His Mustache) Will Appear Before Senate In Impeachment Trial If Subpoenaed

January 6, 2020

“Accordingly, since my testimony is once again at issue”…

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Leave a Comment on ‘I Am Prepared To Testify’: John Bolton (And His Mustache) Will Appear Before Senate In Impeachment Trial If Subpoenaed

CTAs ‘Are Likely To Amplify’ Oil Price Spike, JPMorgan Says

January 6, 2020

Chasing the momentum?

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oilLeave a Comment on CTAs ‘Are Likely To Amplify’ Oil Price Spike, JPMorgan Says

Forget The Trade War, Mideast Shooting War Grabs The Wheel For Oil Prices

January 6, 2020January 6, 2020

Oh, what a difference a week makes.

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oil, OPECLeave a Comment on Forget The Trade War, Mideast Shooting War Grabs The Wheel For Oil Prices

Zeinab Soleimani Promises ‘Dark Days’ For American Troops During Breathtakingly Large Funeral In Tehran

January 6, 2020January 8, 2020

“Don’t think that everything is over”.

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11 Comments on Zeinab Soleimani Promises ‘Dark Days’ For American Troops During Breathtakingly Large Funeral In Tehran

All That Glitters: Mideast Tumult Pushes Gold Near 7-Year Highs

January 6, 2020January 6, 2020

“Bling, bling”.

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Trump Doubles Down On War Crimes Threat, Says Not Leaving Iraq Unless Country Pays Him ‘Billions Of Dollars’

January 5, 2020January 6, 2020

“It doesn’t work that way”.

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7 Comments on Trump Doubles Down On War Crimes Threat, Says Not Leaving Iraq Unless Country Pays Him ‘Billions Of Dollars’

‘Time Is Not Infinite’: Draghi, Yellen Hope Japanification Isn’t Coming For Europe, US

January 5, 2020January 5, 2020

It’s not a “foregone conclusion”. Or is it?

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3 Comments on ‘Time Is Not Infinite’: Draghi, Yellen Hope Japanification Isn’t Coming For Europe, US

Complete Debacle: Iran Totally Scraps Nuclear Deal, US-Led Coalition Suspends Anti-ISIS Operations In Iraq

January 5, 2020January 8, 2020

This is a complete and utter disaster.

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8 Comments on Complete Debacle: Iran Totally Scraps Nuclear Deal, US-Led Coalition Suspends Anti-ISIS Operations In Iraq

Moral High Ground? As Pompeo Defends Trump War Crime Threats, De Facto Ban On Zeinab Soleimani Interview Raises Important Questions

January 5, 2020January 5, 2020

“As you know, the Geneva Conventions outlaw attacks on cultural objects”…

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2 Comments on Moral High Ground? As Pompeo Defends Trump War Crime Threats, De Facto Ban On Zeinab Soleimani Interview Raises Important Questions

Iraqi Parliament Votes To Expel US Troops Following Drone Assassinations

January 5, 2020January 5, 2020

“Invitation” revoked, apparently.

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1 Comment on Iraqi Parliament Votes To Expel US Troops Following Drone Assassinations

‘A Terrorist In A Suit’: Trump Threat To Bomb Shia Cultural Sites Goes Down Like Lead Balloon

January 5, 2020January 5, 2020

“…in politics, all developments and threats are linked to each other”.

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1 Comment on ‘A Terrorist In A Suit’: Trump Threat To Bomb Shia Cultural Sites Goes Down Like Lead Balloon

Trump Has Pushed The World To The Brink. Not Even He Knows What Comes Next

January 4, 2020January 5, 2020

How sustainable is this?

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8 Comments on Trump Has Pushed The World To The Brink. Not Even He Knows What Comes Next

‘Expect A Pullback’ And More From One Bank’s Top 2020 Predictions

January 4, 2020January 4, 2020

“Passive investment flows could contract for a quarter as investors realize that these funds could lose money”.

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Leave a Comment on ‘Expect A Pullback’ And More From One Bank’s Top 2020 Predictions

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Monthly Letter

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Recent Comments

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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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