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Featured

Megaspeed Indeed. (Two Huangs Don’t Make A Right)

November 9, 2026November 9, 2026
  • Jensen Got Honey-Trapped

    November 8, 2026November 8, 2026
  • Rasputin Presiding

    November 8, 2026November 8, 2026
  • Inflation Week!

    November 8, 2026November 8, 2026

Markets

Weekly: Melodrama

November 7, 2026November 9, 2026
  • ‘Dem Fatale’ Crashes The AI Party

    November 6, 2026November 8, 2026
  • 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

economy

Inflation Fatalism Has Set In

November 6, 2026November 8, 2026
  • Drunken Monkey Darts

    November 6, 2026November 8, 2026
  • ‘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

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

Tech Got No Love This Earnings Season

November 3, 2026November 8, 2026

This Index Just Hit Its Highest Level On Record

October 17, 2017October 17, 2017

“I flipped on my computer and I was hit with a barrage of price alerts telling me some security was setting a record.”

Read More

4 Comments on This Index Just Hit Its Highest Level On Record

Krugman Is Mad: ‘This Is The Most Dishonest Political Selling Job In History’

October 17, 2017October 17, 2017

“But how can an administration that pretends to be populist, to stand up for ordinary (white) working people, sell such elitist policies?”

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3 Comments on Krugman Is Mad: ‘This Is The Most Dishonest Political Selling Job In History’

Goldman Asks: ‘Is Bitcoin The New Gold?’

October 17, 2017October 17, 2017

“An understanding of the physical nature of Bitcoin allows us to revisit our previous analysis of the physical characteristics of precious metals, comparing and contrasting them with cryptocurrencies.”

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Leave a Comment on Goldman Asks: ‘Is Bitcoin The New Gold?’

Some Guy Named Adam Ludwin Wrote A Letter To Jamie Dimon…

October 17, 2017October 17, 2017

“Dear Jamie. Last week you said a few things about Bitcoin” …

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8 Comments on Some Guy Named Adam Ludwin Wrote A Letter To Jamie Dimon…

These Are The ‘Critical Geopolitical Threats To The Equity Bull Market’

October 17, 2017October 17, 2017

Yes, “a central feature” of the prevailing order (or maybe “disorder” is better) is chaotic uncertainty – and a “central feature” of markets is suppressed vol.

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1 Comment on These Are The ‘Critical Geopolitical Threats To The Equity Bull Market’

Tailoring Taylor.

October 17, 2017October 17, 2017

“The lesson is clear however”…

Read More

1 Comment on Tailoring Taylor.

Key Calls (Tuesday): Upgrades, Downgrades & Initiations

October 17, 2017October 17, 2017

You need an upgrade.

Read More

1 Comment on Key Calls (Tuesday): Upgrades, Downgrades & Initiations

Trump Under Fire After Saying Former Presidents Didn’t Call Families Of Dead Soldiers

October 16, 2017October 16, 2017

“…the traditional way — if you look at President Obama and other Presidents, most of them didn’t make calls, a lot of them didn’t make calls.”

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4 Comments on Trump Under Fire After Saying Former Presidents Didn’t Call Families Of Dead Soldiers

Where To Be Long As Low Vol. Persists, According To Goldman

October 16, 2017October 16, 2017

Were you wondering where you need to be long as the low vol. regime drags into its 482nd year? I’ll answer that for you: no, you weren’t. Wondering that is. Because…

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2 Comments on Where To Be Long As Low Vol. Persists, According To Goldman

This Is The Playground For Markets: Everything That Can Happen, Has To Happen Here

October 16, 2017October 16, 2017

“For anything to happen, 5Y5Y sector has to move higher. This is the catalyst for everything.”

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1 Comment on This Is The Playground For Markets: Everything That Can Happen, Has To Happen Here

The Situation Remains Fluid.

October 16, 2017October 16, 2017

If you were looking for clarity on anything, today was most assuredly not your day.

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3 Comments on The Situation Remains Fluid.

Trump Set To Interview Yellen For Reappointment: Politico

October 16, 2017October 16, 2017

“Just when I thought I was out, they pull me back in!” 

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3 Comments on Trump Set To Interview Yellen For Reappointment: Politico

North Korea Not Interested In Diplomacy Until It Can Hit U.S. East Coast With Missile: CNN

October 16, 2017October 16, 2017

Pyongyang is sticking to their “commitment to developing a long-range intercontinental ballistic missile capable of reaching all the way to the East coast of the mainland US.”

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6 Comments on North Korea Not Interested In Diplomacy Until It Can Hit U.S. East Coast With Missile: CNN

‘I’m Not Gonna Blame Myself’: Trump Launches Into Bizarre, Rambling Defense Of Policy Failures

October 16, 2017

“We’re not getting the job done. And I’m not going to blame myself. I’ll be honest.”

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1 Comment on ‘I’m Not Gonna Blame Myself’: Trump Launches Into Bizarre, Rambling Defense Of Policy Failures

‘That’s Absolutely Crazy’: There’s A Bubble In ‘Buy The Dip’ Stories

October 16, 2017

“Two rockets flew over the land mass of Japan and nothing happened.”

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3 Comments on ‘That’s Absolutely Crazy’: There’s A Bubble In ‘Buy The Dip’ Stories

One Trader Thinks Everyone Has Found Religion – Here’s Why

October 16, 2017October 16, 2017

“This is really just one manifestation of the more earthly, you can’t fight city hall. A twist in a post-vigilante world, which can’t bear not to believe that the authorities will deliver what our financial market investing thesis requires, while at the same time being utterly incompetent.”

Read More

1 Comment on One Trader Thinks Everyone Has Found Religion – Here’s Why

‘They Want To Secure Oil Supplies’: China Offers To Buy 5% Of Saudi Aramco

October 16, 2017October 16, 2017

“They are willing to take the whole 5 percent, or even more, alone.”

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2 Comments on ‘They Want To Secure Oil Supplies’: China Offers To Buy 52 Of Saudi Aramco

Trump Calls ‘Chuck’ A Hypocrite, Begs Hillary To Run For President, Says Stocks Are Up

October 16, 2017

Well, the President got off to a slow start on Twitter this morning. Fortunately, he redeemed himself about a half hour later.

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2 Comments on Trump Calls ‘Chuck’ A Hypocrite, Begs Hillary To Run For President, Says Stocks Are Up

Trump Spent $1.1 Million In Campaign Money On Lawyers And #MAGA Hats In 3 Months

October 16, 2017October 16, 2017

“Do you see how bad this is? It is the worst kind of exploitation.”

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1 Comment on Trump Spent $1.1 Million In Campaign Money On Lawyers And #MAGA Hats In 3 Months

You Ignore Geopolitical Firestorms At Your Own Peril: Chief Economist

October 16, 2017October 16, 2017

This kind of complacency is in the face of multiple flashpoints and powder kegs is “unwelcome.”

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3 Comments on You Ignore Geopolitical Firestorms At Your Own Peril: Chief Economist

One Strategist Asks: ‘Dude, Where’s The Contagion?’

October 16, 2017

“Successful trading depends on a delicate balancing act between confidence and fear. If you stray off the path, it’s best to take a few minutes to get your bearings before rushing headlong again.”

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Leave a Comment on One Strategist Asks: ‘Dude, Where’s The Contagion?’

Defiant Catalonia Delivers ‘Invalid’ Response To Spain, Escalating Tensions

October 16, 2017October 16, 2017

It seems like Article 155 is next. As of now, it’s not entirely clear what all that would entail, but the bottom line is that this just moved one step further in the direction of becoming an actual crisis with spillover potential.

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1 Comment on Defiant Catalonia Delivers ‘Invalid’ Response To Spain, Escalating Tensions

Key Calls (Monday): Upgrades, Downgrades & Initiations

October 16, 2017October 16, 2017

You need an upgrade.

Read More

Leave a Comment on Key Calls (Monday): Upgrades, Downgrades & Initiations

‘Good Luck Out There’: Full Week Ahead Preview

October 15, 2017October 15, 2017

Oh, boy. Try to wrap your head around all of this.

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4 Comments on ‘Good Luck Out There’: Full Week Ahead Preview

Trump: Losing To The Liberal Media And Turning The GOP Into A Personality Cult

October 15, 2017October 15, 2017

“No. He tweeted about Mika Brzezinski’s plastic surgery, but not about that.”

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2 Comments on Trump: Losing To The Liberal Media And Turning The GOP Into A Personality Cult

‘What Is She, 60 Pounds?’: Trump Explains How He’ll Appoint 4 SCOTUS Justices

October 15, 2017October 15, 2017

“Her health,” Trump explained. “No good. Diabetes.”

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5 Comments on ‘What Is She, 60 Pounds?’: Trump Explains How He’ll Appoint 4 SCOTUS Justices

Relax: Rex Tillerson Is Going To Wait Until ‘The First Bomb Drops’ To Nuke North Korea

October 15, 2017

Another day, another ultimately futile effort from Trump officials to walk back angry presidential tweets. 

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20 Comments on Relax: Rex Tillerson Is Going To Wait Until ‘The First Bomb Drops’ To Nuke North Korea

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Monthly Letter

  • The Arbitrageur

Recent Comments

  • derek on Megaspeed Indeed. (Two Huangs Don’t Make A Right)
  • derek on Jensen Got Honey-Trapped
  • John Taylor on Jensen Got Honey-Trapped
  • Soutomaxwell on Rasputin Presiding

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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