2 Charts Show How Confident The Market Is In Sunday’s “Sure Thing”
There are a number of different visuals you can look at to see how confident this market truly is, but one of the most straightforward ways to assess the situation is simply to look at…
“Even Crack Dealers Wouldn’t Be Ok With This” – 4X ETFs And The Idiot Tax
“That’s fine, but if it really is the pros doing the trading in this, why not make them futures (with the requisite risk disclosures?) Why give grannies and dentists the chance to dabble with compounding risks that they almost certainly don’t understand?”
Deutsche Bank Explains How You Can Get Off Citi’s “Sketchy” People List
“While the correlation between the level of equities and data surprises in short periods can be strong as it has been recently, the longer the sample the weaker it is as the trend in equities dominates.”
The FCC Is Mad At Stephen Colbert For Calling Trump’s Mouth A “Putin Cock Holster”
“You talk like a sign language gorilla who got hit in the head.”
A Glaring Disconnect Or, The Most Important Thing You’ll Read All Day
“There are a couple of ways in which these disconnects can be resolved. But until they are, global central banks need to tread warily. One resolution is of course equities retreat and yields decline, recognizing the dearth of liquidity. “
Listen Up! Goldman Has Some Bad News For Markets About Trump’s Healthcare “Win”
“In isolation this legislative victory is likely to be interpreted as bullish for other aspects of the agenda, including tax reform.”
Saturday Humor: Nassim Taleb Explains Why He Has A Beer Belly
“Thin waistline is obtained artificially via machines.”
The World Is Going Batshit Crazy – Thoughts Ahead Of A Big Weekend
“While it’s impossible to say which manifestation of populism anno 2017 will be the catalyst for events that will ultimately mark a dubious chapter in the history books, you can be certain that if the world keeps going down this road, something will eventually go terribly, terribly wrong.”
Macron Victim Of “Massive Hacking Attack”: Reports
“Some nine gigabytes of data were posted by a user called EMLEAKS to Pastebin”…
It’s Friday And The “Muppets” Are Asking Goldman About The Nasdaq
“Quoth muppets, quoth Goldman”…
Trump Fires Angella Reid, Who Made The Mistake Of Being Both Black And A Woman
“We are very grateful for her service and wish her the very best”…
This Chart Definitely Doesn’t Show The ECB Rescuing France
“That’s just not how it works.”
One Trader Talks Commodities Carnage, A Witching Hour Reversal, And More
“Stopping after slicing through, but very near, significant lows from last May, September and November. What is one trader’s, “this thing is never going to go up again, so sell any bounce†is another’s, “wow, did you see that quadruple bottom?†The fact that the rally happened almost simultaneously with the Salem, Massachusetts witching hour will certainly get the attention of market forecasters who use methods other than strictly orthodox technical analysis.”
Goldman Asks: “Is This The Next Shoe To Drop”?
“Additionally, the number of CCC-rated retail and apparel issuers has tripled over the past six years, with the share of CCC issuers in the Retail sector rising to the highest level since the recession at nearly 14%”…
Guest Post: Another FU?
“The market is way too cavalier about this weekend’s election. In modern history, there has never been a French election without one of the two main parties being in the second round. This is unprecedented. If someone tells you they know how the French electorate will behave, they are deluding themselves.”
Two Words For Junk: “5th Percentile”
“Moving over the small hump of the French election and back to 2014 we go.”
Jobs Report Beats
U.S. April Nonfarm Payrolls Rose 211k; Unemp. Rate at 4.4%
Barclays Does Best “Frank The Tank” Impression: Don’t “Freak Out” On Commodities
“That’s right! We can’t have anyone freak out out there, ok?”
Contagion Warning: “There’s Nowhere Really To Hide” As Bloodbath In Commodities Continues
Oh, boy. Well, it got worse for the beleaguered metals complex overnight. After a harrowing
This Is The “Single Largest Macro Factor” Shaping Markets
“Oil is being hit by rising U.S. production, copper’s fall was triggered by the whopping LME stockpile-build, iron ore slumped on China concerns, agricultural commodities reversed after a U.S. storm caused less damage than originally feared, and gold is getting hit by the marginally more hawkish Fed and the perceived reduction in European political risk.”
Key Calls (Friday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
In Your Own Little “Bubble”
All I know is that things are looking choppy here on the island…
Travesty Of Justice: Bombay Sapphire Recalled For Getting People Too Drunk
Clearly, there is only one question worth asking here…
“Will The Gold Sell-Off Continue?” Goldman Answers
The Heisenberg crowd is well aware of how we feel about gold. Although it might
Kolanovic: Here’s What Could Make “Volatility Explode”
Gandalf is back. A couple of weeks after retracting (at least partially) his “buy every
This Is What A Contrarian Indicator Looks Like
“In the month following that extreme short positioning reading, 10y rates rallied 16bp as specs closed out almost the entirety of their shorts. 10y rates are lower by 30bp since their 13 March close. Positioning has now swung the other way, and we think this bodes well for bond bears over the next month.”
Yesterday, Goldman Brought Out Their “Metal Detector” – And Then Today, Tomorrow Happened
“The substantial move lower today was predominantly driven by ‘micro’ and technical factors, in our view, though it was set against a backdrop of broader macroeconomic concerns.”
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