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Algos Waiting For Today’s Flashing Red NFP Headline To Launch The BTFATH...
If predicting yesterday’s EURUSD (and market) reaction to the ECB announcement was easy enough, today’s reaction to the latest “most important ever” nonfarm payrolls number (because remember: with the...
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Overnight Futures Levitation Mode Engaged But Subdued
For all the talk of how stellar this earnings season has been so far (mostly for the financials if only relative to crushed expectations, and all in non-GAAP terms of course), some of the biggest...
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Futures Higher On Geopolitical Tensions Which Are Either Easing Or Looming
Since there is nothing on today’s data docket, it will be all about, you guessed it, geopolitical risks, where “consensus” is best summarized by these two Bloomberg headlines: Stay USD Long as...
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Futures Surge After ECB Verbal Intervention Talks Up Stocks, Day After Fed
Yesterday it was the Fed’s latest intervention in capital markets, when shortly after yet another ghastly open, the Fed’s Bullard added some PPTness to stocks when he first said that the Fed “should...
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First Euroarea Deflation Since Lehman Sends Futures Higher; Brent Tumbles...
Things in risk land started off badly this morning, with the worst start to a year ever was set to worsen when European equities came under early selling pressure following news of German unemployment...
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Forget Mattresses, Greeks Are Stashing Their Cash In Cars
As Greek empty their bank accounts at a record pace, waiting for the capital-controlling, bank-holiday-based ‘other shoe’ to drop on Grexit, devaluation, and drachmatization; they are not stashing...
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China Soars Most Since 2009 After Government Threatens Short Sellers With...
Here is a brief sample of some of the measures the Chinese government and the PBOC have unleashed in just the past ten days to prop up the crashing market include: a ban on major shareholders,...
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China Strengthens Yuan By Most In 5 Years As Default Risk Hits 2-Year High
From the moment Japan opened, USDJPY buying took off (standard 100 pip rip on absolutely no news whatsoever) as yet another manipulated market breathed new life into equity longs dreams. That 'help'...
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The “Great Unwind” Has Arrived
Submitted by Doug Noland via Credit Bubble Bulletin, It’s my overarching thesis that the world is in the waning days of a historic multi-decade experiment in unfettered finance. As I have posited over...
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We Didn’t “Financially Engineer” Our Way Out Of The Great Depression, We Won...
Excerpted from Artemis Capital Management letter to investors, The arms race of devaluation is not free and has come at the cost of massive global debt expansion. There is no precedent in financial...
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ZeroHedge: “China Is Not Contained” Credit Market Screams
Be prepared for the next great transfer of wealth. Buy physical silver and storable food. We have seen this pattern before, and it did not end well. While the most mainstream indications of China's...
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ZeroHedge: Here Are The 3 Trades Hedgies Are Using To Bet On A Yuan Devaluation
Be prepared for the next great transfer of wealth. Buy physical silver and storable food. With an ever-increasing horde of hedge fund "speculators" daring to confront The PBOC, here is how they are...
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Furious Rally Fizzles Overnight As Futures Follow Oil Lower
Following yesterday’s torrid 2.4% March opening rally, which resulted in the biggest S&P gain since January and the best first day of March in history on what was initially seen as very bad news,...
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US Default Risk Hits 8-Month Highs
While still relatively low, USA sovereign CDS spreads have risen to 8-month highs, surging off early March lows. The reasons are likely numerous though we suggest the 4 surges in the last 3 months...
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British Default Risk Soars To 3 Year Highs As Hedging Volume Spikes
Investors are increasingly reaching for protection of various sorts ahead of next week’s Brexit vote. The credit derivatives market is the latest to experience the surge as corporate CDS indices spike...
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Hedge Fund CIO: “The Market Doesn’t Care About Health Care. Poor People Care...
From Eric Peters, CIO of One River Asset Management, here is a topical anecdote, as well as a review of the key events in the past week. Weekend Notes “Where’s the beef?” bellowed Biggie Too. “Health...
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About That Debt Ceiling Crisis…
With just one month left until the “X Date”, better known as the first day on which Treasury has exhausted its borrowing authority and no longer has sufficient funds to pay all of its bills in full and...
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