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Featured

Weekly: Melodrama

November 7, 2026November 7, 2026
  • ‘Dem Fatale’ Crashes The AI Party

    November 6, 2026November 6, 2026
  • Inflation Fatalism Has Set In

    November 6, 2026
  • Drunken Monkey Darts

    November 6, 2026November 6, 2026

Markets

On Wall Street: Crash And F’in’ Burn

November 5, 2026November 7, 2026
  • Did Democrats Just Kill ‘New 60/40’?

    November 5, 2026November 6, 2026
  • Um, Excuse Me, But Your Chips Are Bleeding

    November 5, 2026November 6, 2026
  • Deus Ex Machina?

    November 4, 2026November 5, 2026
  • The Capex Catch-22

    November 3, 2026November 4, 2026

economy

‘Tis The Season! For Temporary Fulfillment Jobs

November 5, 2026November 6, 2026
  • Senseless Iran War Triggers BoE Hike, 5% Inflation Warning

    November 5, 2026November 5, 2026
  • Irrepressible

    November 4, 2026November 5, 2026
  • In Other News: Scorching ‘Job Changer’ Pay Gains, AI Disruption

    November 4, 2026November 5, 2026
  • Someone’s Got Work For You

    November 3, 2026November 4, 2026

Geopolitics

Tsunami

November 4, 2026November 5, 2026

Let’s Talk Blue Waves

November 1, 2026November 2, 2026

Lagarde Versus Le Pen?

October 29, 2026October 30, 2026

Duly Noted

US Jobless Claims Chase History

November 5, 2026November 7, 2026

An ARM And A Leg

October 28, 2026October 30, 2026

Another Day, Another Mini-Flash Crash

December 24, 2018

And now, more broken markets.

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2 Comments on Another Day, Another Mini-Flash Crash

Holiday Psych Out: Market Nerves Frayed After Mnuchin Plunge Protection S.O.S.

December 24, 2018October 23, 2021

At least we know the ATMs won’t go dark.

Read More

2 Comments on Holiday Psych Out: Market Nerves Frayed After Mnuchin Plunge Protection S.O.S.

Why Is Steve Mnuchin Calling Wall Street CEOs On Sunday To Ensure ‘Ample Liquidity’?

December 23, 2018December 24, 2018

“The banks all confirmed ample liquidity is available”…

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15 Comments on Why Is Steve Mnuchin Calling Wall Street CEOs On Sunday To Ensure ‘Ample Liquidity’?

The Infamous ‘Retail Flush’: One Bank ‘Explains’ The December Selloff

December 23, 2018December 23, 2018

Blame mom and pop – or something like that.

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3 Comments on The Infamous ‘Retail Flush’: One Bank ‘Explains’ The December Selloff

More Turmoil As Israel Stocks Plunge Most In Seven Years Amid Perrigo Purge

December 23, 2018December 23, 2018

Good start.

Read More

oil2 Comments on More Turmoil As Israel Stocks Plunge Most In Seven Years Amid Perrigo Purge

Trump To Boot Mattis From Pentagon On January 1, Touts Phone Call With Erdogan

December 23, 2018October 18, 2019

“I am pleased to announce “…

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4 Comments on Trump To Boot Mattis From Pentagon On January 1, Touts Phone Call With Erdogan

The Fed ‘Substantially Increased The Chances Of A Major Crash’ In The Next 24 Months, One Bank Exclaims

December 22, 2018October 23, 2021

Was this “the Fed’s new ‘subprime is contained’
moment”?

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10 Comments on The Fed ‘Substantially Increased The Chances Of A Major Crash’ In The Next 24 Months, One Bank Exclaims

‘I Never Suggested Firing Powell’: As Mnuchin Pulls Damage Control Duty, Some Thoughts And Charts

December 22, 2018October 23, 2021

“I totally disagree with Fed policy.”

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4 Comments on ‘I Never Suggested Firing Powell’: As Mnuchin Pulls Damage Control Duty, Some Thoughts And Charts

Depth Charge, Gamma Gravity And A Dark, Twisted Fantasy Come True

December 22, 2018December 22, 2018

We are now living in a collage of surreal fantasies, each of which could serve as the plot for a thriller.

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7 Comments on Depth Charge, Gamma Gravity And A Dark, Twisted Fantasy Come True

‘The NYSE Alone Has Lost $3.3 Trillion In Value’: Don’t Blame Fed Balance Sheet Runoff For The Bear Market

December 22, 2018

Or at least not entirely…

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7 Comments on ‘The NYSE Alone Has Lost $3.3 Trillion In Value’: Don’t Blame Fed Balance Sheet Runoff For The Bear Market

Trump Said To Consider Firing Jerome Powell – If You’re Surprised, Your Naiveté Knows No Bounds

December 22, 2018October 23, 2021

Nobody could have seen this coming.

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7 Comments on Trump Said To Consider Firing Jerome Powell – If You’re Surprised, Your Naiveté Knows No Bounds

It All Falls Down: Stocks Crash Again As Trump Shutdown Begets Friday Rout

December 21, 2018October 23, 2021

It’s over for Trump.

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8 Comments on It All Falls Down: Stocks Crash Again As Trump Shutdown Begets Friday Rout

CNBC Gives Fed A Mulligan As John Williams Explains What Powell Actually Meant

December 21, 2018December 21, 2018

A little less “plain English” and a little more of this.

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8 Comments on CNBC Gives Fed A Mulligan As John Williams Explains What Powell Actually Meant

Veteran Trader: ‘Credit Spreads Are All That Matter’

December 21, 2018December 21, 2018

“Or have we reached that ‘obscene point’ where it makes sense to take out some blue tickets?”

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3 Comments on Veteran Trader: ‘Credit Spreads Are All That Matter’

Clock Strikes Midnight On Leveraged Loan Cinderella Story As Outflows Hit New Record

December 21, 2018October 23, 2021

“It’s in the hole!”

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1 Comment on Clock Strikes Midnight On Leveraged Loan Cinderella Story As Outflows Hit New Record

China Tips More Stimulus, But Does Anyone Care?

December 21, 2018

Too little, too late?

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Leave a Comment on China Tips More Stimulus, But Does Anyone Care?

Junk ETFs Stress Tested, Reflation Bled Dry And Other Thoughts As Things Go From Bad To Worse

December 20, 2018December 20, 2018

A visual (and narrative) odyssey.

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oil6 Comments on Junk ETFs Stress Tested, Reflation Bled Dry And Other Thoughts As Things Go From Bad To Worse

Jim Mattis Resigns – The Last Adult In The Trump Administration Is Gone

December 20, 2018October 23, 2021

“…you have the right to have a Secretary of Defense whose views are better aligned with yours.”

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3 Comments on Jim Mattis Resigns – The Last Adult In The Trump Administration Is Gone

‘Suicide From The Ambush’: A Post-Mortem Of Thursday’s Midday Bloodbath On Wall Street

December 20, 2018December 20, 2018

“His presidency represents a rebellion of the hysterical person against his symbolic persona.”

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7 Comments on ‘Suicide From The Ambush’: A Post-Mortem Of Thursday’s Midday Bloodbath On Wall Street

Trump’s ‘Steel Slats’ Crash Market As Brian Kolfage And 77,000 Friends Pledge $5 Million For Wall

December 20, 2018December 20, 2018

Somehow, “surreal” just doesn’t feel adequate.

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3 Comments on Trump’s ‘Steel Slats’ Crash Market As Brian Kolfage And 77,000 Friends Pledge $5 Million For Wall

David Tepper E-Mails Joe Kernen, Says Powell Put ‘Dead’, Cash ‘Good’, People ‘Tight’

December 20, 2018December 20, 2018

Wtf.

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1 Comment on David Tepper E-Mails Joe Kernen, Says Powell Put ‘Dead’, Cash ‘Good’, People ‘Tight’

Matches, Kindling And Ships In Shallow Seas

December 20, 2018December 20, 2018

“A lack of liquidity is akin to a ship trying to navigate seas without much water – accidents are likely in such an environment.”

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2 Comments on Matches, Kindling And Ships In Shallow Seas

Somebody Get Paul Krugman A Laptop: The ‘Sadomonetarists’ Are Making A Comeback In Sweden

December 20, 2018December 20, 2018

Spoiler alert: it was a “dovish” hike.

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Leave a Comment on Somebody Get Paul Krugman A Laptop: The ‘Sadomonetarists’ Are Making A Comeback In Sweden

Jerome Powell Is The Wilt Chamberlain Of Fed Decision-Day S&P Losses

December 19, 2018

Making history, one meeting at a time.

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12 Comments on Jerome Powell Is The Wilt Chamberlain Of Fed Decision-Day S&P Losses

‘Plain English’ People, Do You Speak It?!

December 19, 2018October 23, 2021

Pulp Fiction, anyone?

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15 Comments on ‘Plain English’ People, Do You Speak It?!

Fed Hikes, Defying Markets, Trump As Dot Plot Shifts, 2019 Growth Projected Lower

December 19, 2018December 19, 2018

Jerome Powell did not “feel the market.”

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3 Comments on Fed Hikes, Defying Markets, Trump As Dot Plot Shifts, 2019 Growth Projected Lower

Trader: I Don’t Know If The Fed Will Skip This Hike Or Not, But…

December 19, 2018December 19, 2018

“It’s been a long time since the outcome of a Fed meeting hasn’t been a foregone conclusion.”

Read More

2 Comments on Trader: I Don’t Know If The Fed Will Skip This Hike Or Not, But…

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Monthly Letter

  • The Arbitrageur

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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