It is the 20th of September 2019

News

Deutsche: The Market Broke In 2012, "This Is What Everyone Is Talking About"

Two weeks after Deutsche Bank’s whimsical, James Joycean derivatives strategist, Aleksandar Kocic disaggregated the market’s current sweeping complacency regime in a florid stream-of-consciousness report, and warning that the market's current "metastability" would lead to "cataclysmic events", with a crash becomes increasingly more likely the longer price discovery in the market (one not propped up by Federal Reserve) is delayed, in his latest note from this week he takes on a more practical - if just as abstract - target; quantifying complacency, both in a market sense and as a metaphysical concept (long-term readers of Kocic are all too aware that when it comes to fusing markets and philosophy, mostly of the post-modernist bent, nobody even comes close).

Read More

"Someone Is Blowing Up": RBC Warns China-Induced Unwinds Are Escalating

"Something is off," warns RBC's head of cross-asset strategy Charlie McElligott in the introduction to his latest market noting that the swing in US fiscal policy optimism is coming at a critical time as the China's liquidity tightening is spooking the reflation story.

Read More

Treasury-Bund Spread Widest Since The Fall Of The Berlin Wall

Today's massacre in money markets has seen global bonds crushed but US Treasuries dramatically underperforming. In fact, as Gavekal Capital's Eric Bush notes, the last time the spread between US and German 10-year government bonds had such a large yield differential was on May 10th, 1989, as in before the fall of the Berlin Wall.

Read More

Featured Apps