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The Dark Side Of Liquidity: The Genealogy Of The AI Arms Race

November 9, 2026
  • Buy The Dip? (Honeypot Training)

    November 9, 2026November 9, 2026
  • What Are Treasurys Telling Us?

    November 9, 2026November 9, 2026
  • Megaspeed Indeed. (Two Huangs Don’t Make A Right)

    November 9, 2026November 9, 2026

Markets

Jensen Got Honey-Trapped

November 8, 2026November 9, 2026
  • 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

economy

Inflation Week!

November 8, 2026November 9, 2026
  • 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

Geopolitics

Rasputin Presiding

November 8, 2026November 9, 2026

Tsunami

November 4, 2026November 5, 2026

Let’s Talk Blue Waves

November 1, 2026November 2, 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

Glass-Steagall 2.0? Analysts Weigh In

May 2, 2017

“Still, it’s a mistake for investors to dismiss the threat”…

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Like Trump, Janet Yellen Is Preparing Ill-Advised “Preemptive Strikes”

May 2, 2017

“What if progress on core PCE is more limited despite labor market overheating, and the Fed’s dual mandate dilemma persists?”

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1 Comment on Like Trump, Janet Yellen Is Preparing Ill-Advised “Preemptive Strikes”

“You’re Dismissed”: Here’s How Markets Are Feeling About Sunday’s Big Event

May 2, 2017

Call it overconfidence if you want, but the “win” for the pollsters in the first

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One Analyst Says Earnings Season Puts US Stocks In “Dangerous Territory”

May 2, 2017

“But US equities are known to be expensive and with the likes of Alphabet and Facebook relative strength indices (RSI), “to name but two stocks”, rarely this overbought, this could leave many US equities vulnerable once the reporting season ends in a couple of weeks time.”

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It’s Tuesday And Some Folks In Europe Are Doing Some Manufacturing!

May 2, 2017

Ok, let’s see… It’s Tuesday and there’s some European PMI data you should note. Because

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Key Calls (Tuesday): Upgrades, Downgrades & Initiations

May 2, 2017May 2, 2017

Are your stocks on the list?

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Buy It All Dammit.

May 1, 2017

But it all, goddammit. Buy it all.

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Monday Night Read: One Chart And Some “Hard” Thoughts On “Soft” Data

May 1, 2017

Right, so if you have a fragile ego and are the type of person who

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‘Liz Warren: Obama, Trump, Washington Are “Blind,” Americans Are “Getting Kicked In The Teeth”

May 1, 2017May 1, 2017

“I think President Obama, like many others in both parties, talks about a set of big national statistics that look shiny and great but increasingly have giant blind spots.”

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5 Comments on ‘Liz Warren: Obama, Trump, Washington Are “Blind,” Americans Are “Getting Kicked In The Teeth”

How The Fed Killed The Fed Trade

May 1, 2017

“It is often the case that simply identifying a market anomaly can eliminate it as arbitrageurs take advantage of the perceived opportunity.”

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1 “Smart Cookie” & 5 Absurd Monday Trump Headlines

May 1, 2017May 1, 2017

You know, sometimes you just have to laugh and Monday is undoubtedly one of those times.

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Long Jesus: For Only 6 Times The Cost, You Can Be A “Biblically Responsible” Investor

May 1, 2017

Oh, Jesus Christ. Literally. So over the weekend, we ruffled some feathers both here and

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7 Comments on Long Jesus: For Only 6 Times The Cost, You Can Be A “Biblically Responsible” Investor

Trump Cites Often Overlooked Andrew Jackson Quote About Civil War

May 1, 2017

He was really angry that he saw what was happening with regard to the Civil War. He said, “There’s no reason for this.”

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“Milking” The Presidency

May 1, 2017May 1, 2017

Nothing says “presidential” like…

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“Turkish Delight”: This Hasn’t Happened Since October 2013

May 1, 2017

Now I don’t know why, but a whole lot of people have gotten it in

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Is This The Point Of No Return For Retail? One Bank Answers

May 1, 2017

A model for whether enough potential weakness is already priced into valuations suggests that there is likely downside even in a stable market environment and room for significant underperformance in a recession.”

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“America, Fuck Yeah!” Congress Thinks Funding Government May Be Good Idea After All

May 1, 2017May 1, 2017

Last week, it was starting to look like traders had reached peak negativity with regard

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Fed’s Favorite Econ Indicator Slips As Monday’s Data Comes Up Short

May 1, 2017

“Slippage”…

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Teachers Demand Anonymity Before Talking About Singing Happy Birthday To Melania Trump

May 1, 2017

“The participants agreed to speak only on the condition of anonymity because they said they fear Trump addressing them on Twitter or press secretary Sean Spicer bringing them up at a daily briefing.”

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1 Comment on Teachers Demand Anonymity Before Talking About Singing Happy Birthday To Melania Trump

Monday Morning Humor: “No Rush”

May 1, 2017May 1, 2017

Compare and contrast…

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Key Calls (Monday): Upgrades, Downgrades & Initiations

May 1, 2017May 1, 2017

Are your stocks on the list?

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Fed, Jobs, & France: Full Week Ahead Preview

April 30, 2017April 30, 2017

Ok, so who’s ready for next week? That’s right, today’s Sunday which means tomorrow is

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Sunday Humor: “None Shall Pass (Through)”

April 30, 2017April 30, 2017

“Come Patsy”…

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Video: Priebus Says Trump May Change Libel Laws To Punish Media

April 30, 2017

“Whether this gets executed is a different story”…

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Poof, It’s Gone! Specs Cover Treasury Short, Now Most Long 10Y Since 2008

April 30, 2017April 30, 2017

If ever there were a sign that the market is fading the reflation narrative or

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The “Curious Curse Of May”: Here’s Where The Risks Are

April 30, 2017April 30, 2017

“Blame dividend payments, weddings in India, or simply plain profit-taking but”…

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Look! A Scary Auto Loans Chart.

April 30, 2017

Those who frequent these pages are well-versed in the ongoing auto ABS debate. See the

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Posts pagination

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Monthly Letter

  • The Arbitrageur

Recent Comments

  • SeaTurtle on The Dark Side Of Liquidity: The Genealogy Of The AI Arms Race
  • T-Dog on Megaspeed Indeed. (Two Huangs Don’t Make A Right)
  • derek on The Dark Side Of Liquidity: The Genealogy Of The AI Arms Race
  • derek on The Dark Side Of Liquidity: The Genealogy Of The AI Arms Race

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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