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Featured

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

White House: “Overwhelming Evidence” Russia Trying To Cover Up Syria Gas Attack

April 11, 2017April 11, 2017

“The Syrian regime and its primary backer, Russia, have sought to confuse the world community about who is responsible for using chemical weapons against the Syrian people in this and earlier attacks.”

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3 Comments on White House: “Overwhelming Evidence” Russia Trying To Cover Up Syria Gas Attack

“Something Happened After The Crisis” Deutsche Bank Settles An Important Debate

April 11, 2017

“Even more striking, however, is the twisting in the curve: the euro became far more sensitive to the very front-end of the curve”…

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Leave a Comment on “Something Happened After The Crisis” Deutsche Bank Settles An Important Debate

“Who’s Behind The Treasury Rally?” Bank Of America Answers

April 11, 2017April 11, 2017

Implicit in the incessant speculation (no “spec” pun intended) about 10Y yields, where they’re going,

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1 Comment on “Who’s Behind The Treasury Rally?” Bank Of America Answers

Oil Jumps On Saudi “Maybe We’ll Extend These Cuts After All” Headline

April 11, 2017April 11, 2017

SAUDI ARABIA SAID TO WANT OPEC TO EXTEND PRODUCTION CUTS: WSJ

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oil, OPECLeave a Comment on Oil Jumps On Saudi “Maybe We’ll Extend These Cuts After All” Headline

Look! It’s Falling Apart: Yields, USDJPY Fall; Stocks Tumble

April 11, 2017

See how that works?

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1 Comment on Look! It’s Falling Apart: Yields, USDJPY Fall; Stocks Tumble

Reliable Sources: Putin Says Putin Puppet Plotting Fake Gas Attacks To Frame Putin

April 11, 2017

You know, sometimes you just have to throw up your hands. There’s a difference between

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4 Comments on Reliable Sources: Putin Says Putin Puppet Plotting Fake Gas Attacks To Frame Putin

Eric Trump Wants To Talk To You About Syria And His Dad

April 11, 2017April 11, 2017

“If there was anything that [the strike on] Syria did, it was to validate the fact that there is no Russia tie.”

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3 Comments on Eric Trump Wants To Talk To You About Syria And His Dad

Here’s How To Trade The Biggest Political Event Risk In The Developed World

April 11, 2017

On Monday we brought you the latest from France, where fast approaching Presidential elections have

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Leave a Comment on Here’s How To Trade The Biggest Political Event Risk In The Developed World

“PUMP” & Dump: Fracker Underwriters Say Buy “ProPetro” For Yuuuge Upside

April 11, 2017

Regular readers will recall that we’re not exactly optimistic about the prospects for a sustained

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oil, OPECLeave a Comment on “PUMP” & Dump: Fracker Underwriters Say Buy “ProPetro” For Yuuuge Upside

Tillerson Says Assad’s Reign Is Over, Will Meet His “Friend” Putin On Wednesday

April 11, 2017April 11, 2017

“It’s clear the Assad family reign is coming to an end,” Tillerson told reporters in Lucca, Italy. Here are the other notable soundbites…

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Leave a Comment on Tillerson Says Assad’s Reign Is Over, Will Meet His “Friend” Putin On Wednesday

While You Were Watching That Screaming Guy On The Plane (Again), I Was Buying Yen

April 11, 2017April 11, 2017

Well, it kinda feels like everyone just said fuck it and bought the yen overnight

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oil, OPECLeave a Comment on While You Were Watching That Screaming Guy On The Plane (Again), I Was Buying Yen

Trader: Investors Know Where They’re Going, Just Not How To Get There

April 11, 2017

“Typically, traders have a pretty strong opinion of how they think things currently stand and then try to craft a narrative of where they believe asset prices may be going. In today’s environment, investors seem to have more confidence in their longer-term outlook than on what is going on now.”

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Leave a Comment on Trader: Investors Know Where They’re Going, Just Not How To Get There

This Hasn’t Happened In 82 Weeks

April 10, 2017

On Sunday evening in the tongue-in-cheek-entitled “Investors Dump Stocks For Super-Safe Junk Bonds,” we noted

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3 Comments on This Hasn’t Happened In 82 Weeks

Janet Yellen Tries Twitter Q&A, Twitter Says “WTF?”

April 10, 2017

Well, markets look to have made it through Janet Yellen’s “ask-a-Fed-chair” session without incident. Which is good for asset prices, but seems to have frustrated some netizens.

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Leave a Comment on Janet Yellen Tries Twitter Q&A, Twitter Says “WTF?”

Vive La France! A Bad Holocaust “Joke,” A Goldman Short Reco, And A 4-Way Race

April 10, 2017April 10, 2017

The “funny” (I mean, it’s not really “funny”, but it kinda is at the same

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2 Comments on Vive La France! A Bad Holocaust “Joke,” A Goldman Short Reco, And A 4-Way Race

One Bank Explains What’s Next For Oil, Commodities, And The Risk Assets They Influence

April 10, 2017

One of the notable market developments over the past month was the spike in HY’s

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oilLeave a Comment on One Bank Explains What’s Next For Oil, Commodities, And The Risk Assets They Influence

Deutsche Bank Exclaims: “This Is The Most Boring Year Ever!!!”

April 10, 2017

Credit. Is. Passed. The. F*ck. Out.

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1 Comment on Deutsche Bank Exclaims: “This Is The Most Boring Year Ever!!!”

Calling Off The Dogs? Bannon Mouthpiece Breitbart Orders Editors To Be Nice To Jared Kushner

April 10, 2017

This is nothing if it’s not hilarious….

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Leave a Comment on Calling Off The Dogs? Bannon Mouthpiece Breitbart Orders Editors To Be Nice To Jared Kushner

Relax: Syria’s Assad Didn’t Use White Phosphorous, “Just” “Incendiary Russian Cluster Bombs”

April 10, 2017

“However, Neil Gibson, an expert at Jane’s Information Group, said the firestorm looked more likely to have been caused by RBK-250 or RBK-500 incendiary cluster bombs.”

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Leave a Comment on Relax: Syria’s Assad Didn’t Use White Phosphorous, “Just” “Incendiary Russian Cluster Bombs”

Gundlach: “This Reflation Trade Is Going Away”

April 10, 2017April 10, 2017

We’ve been saying since January that investors were showing signs of fading the reflation narrative

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1 Comment on Gundlach: “This Reflation Trade Is Going Away”

“We’ve Got To Turn This Around” – 30 Trump Staffers Held Secret “Rebranding” Meeting Last Week

April 10, 2017

“One hundred days is the marker, and we’ve got essentially two-and-a-half weeks to turn everything around,” said one White House official. “This is going to be a monumental task.”

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4 Comments on “We’ve Got To Turn This Around” – 30 Trump Staffers Held Secret “Rebranding” Meeting Last Week

We’re At “An Inflection Point” – Here’s How NOT To Play It

April 10, 2017

Over the weekend, we talked a bit about the “seismic battle taking place between the

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Leave a Comment on We’re At “An Inflection Point” – Here’s How NOT To Play It

Goldman Has A “Compelling” Trade Idea, So Listen Up

April 10, 2017

“For investors looking for a macro hedge, credit offers more attractive hedging opportunities. For investors adding to bullish positions, equity offers more attractive buying opportunities.”

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Leave a Comment on Goldman Has A “Compelling” Trade Idea, So Listen Up

“How Could It Be That You Didn’t Know?” McMaster Implicates Moscow In Syria Chemical Attack

April 10, 2017

“I think what we should do is ask Russia, how could it be, if you have advisers at that airfield, that you didn’t know that the Syrian air force was preparing and executing a mass murder attack with chemical weapons?”

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Leave a Comment on “How Could It Be That You Didn’t Know?” McMaster Implicates Moscow In Syria Chemical Attack

After Frozen Jobs Report, Goldman Says Economy Still On F*cking Fire

April 10, 2017April 10, 2017

“We think the labor market is at full employment, with a risk of overheating over the next 1-2 years given our forecast for growth.”

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1 Comment on After Frozen Jobs Report, Goldman Says Economy Still On F*cking Fire

#Thiswasabadidea: Amid All Kinds Of War, Janet Yellen Takes To Twitter To Calm Nervous Markets

April 10, 2017April 10, 2017

Oh what a difference three days and one Dudley makes. See, you (and a whole

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oilLeave a Comment on #Thiswasabadidea: Amid All Kinds Of War, Janet Yellen Takes To Twitter To Calm Nervous Markets

“And The Rippers Mumbled ‘Thank Your Lord'” – Home “In” The Range With An FX Trader

April 10, 2017

“Don’t you just love it when these great communicators say “some people misconstrued what I said last week?”

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1 Comment on “And The Rippers Mumbled ‘Thank Your Lord'” – Home “In” The Range With An FX Trader

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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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