Over a decade since central bankers started a stealthy nationalization of capital markets by purchasing a wide range of securities from Trasuries, to MBS, to corporate bonds, to ETFs and single stocks, their actions are finally catching up to them, and in the process breaking the very markets central bankers have worked so hard to prop up. And nowhere is this more obvious than in Japan, […]
Sell
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Despite getting help from Boeing’s gains, The Dow has now crashed over 1000 points twice from the post-“we have a deal” highs… and is back in the red for the day… This all has the stench of some major gamma pukes with VIX flying around right at the open… Bonds had warned that yesterday’s record short-squeeze in stocks wasn’t to be trusted… Just like the last […]
Seven years ago – to the day – Dutch megabank ABN Amro changed its precious metals custodian rules to “no longer allow physical delivery.” Have no fear, they reassuringly added, your account will be settled at the bid or offer price in the ‘market’ and “you need to do nothing” as “we have your investments in precious metals.” Changes in the handling of orders in bullion […]
The trustee of the now-defunct bitcoin exchange Mt. Gox intends to liquidate cryptocurrencies other than bitcoin and bitcoin cash, according to a draft rehabilitation plan. The trustee, attorney Nobuaki Kobayashi, shared with creditors an outline of the draft rehabilitation plan on Tuesday ahead of a meeting Wednesday. The plan marks a significant step toward concluding a case that has kept creditors waiting since 2014, when Mt. […]
It’s ‘quad witch’ today, Historically, quad-witch weeks have meant a collapse in vol and surge in stocks – no matter what the news. But, this week (and last) has been different, to say the least… However, as Nomura’s Charlie McElligott explains below, today’s option expiration may stall that chaotic volatility… at least to some extent. While volatility has been extreme across all asset-classes, in equity markets, […]
Above Photo: The €101m Forum building is part library, part meeting space, part science museum and part recreational hangout. Photograph: Oliver Balch Seconds later, face beaming, his digitised silhouette is bopping across the screen together with Dahl’s gangly giant. It’s just one of many experiences on offer at a new downtown development in the Dutch city of Groningen that is seeking to reinvent urban hubs for the […]
Last week, following a series of unprecedented, shocking market moves, we explained that a big reason behind the decorrelated cross-asset rollercoaster was due to an unprecedented, the biggest ever VaR shock, that forced risk parity funds, which until 2 months ago were the most levered ever, to engage in an unprecedented liquidation and delever to levels that were more suitable for the current, well, market crash. […]
As we have been detailing all week, this has been the worst period for Risk-Parity (or vol-targeting) funds in history, with a massive breakdown in the stock-bond correlation from historical ‘norms’… Causing Risk Parity funds in particular are to suffer the worst 4 day period on record. However, as Nomura’s Charlie McElligott believes, vol-targeting funds have essentially nothing left to sell in the Equities-space, “only” -$7.4B […]
It;s a bloodbath out there. For now, only bonds are higher in price as it seems traders are selling everything that is not nailed down in order to meet margin calls or simply reduce overall uncertainty. Crypto markets are a sea of red with everything crashing together… Source: Coin360 This week has been one of the worst ever for cryptos overall… Source: Bloomberg “And that looks […]
The UK will not sell out its fishermen as part of a trade deal with the European Union, nor will it lower its food standards for a trade agreement with the US, British International Trade Secretary Liz Truss said on Monday. President Emmanuel Macron said last month that he will fight for French fishermen in post-Brexit trade negotiations, and that France will seek compensation if it […]
All the money printed by central banks is going directly to billionaires, say Max Keiser and Stacy Herbert of the Keiser Report, and French luxury brand owner Bernard Arnault is just the latest example. They discuss the so-called ‘Cantillon Effect’ which has allowed “many tens of billionaires to shower the deplorables with seemingly generous donations.” The ECB’s purchase of the LVMH bonds in order to finance […]
Finland’s customs agency has been struggling with what to do with a horde of bitcoin it fears could end up back in the hands of criminals if sold off. Finnish Customs, known locally as Tulli, has been trying to offload a total of 1,666 bitcoin for several years, even drawing up a plan in September 2018 for a public auction of the digital coins. But officials […]
Interim Bolivian Government Taps Same Lobby Firm Hired To Sell The Coup In Honduras By Lee Fang, Resumen English. February 12, 2020 Interim Bolivian Government Taps Same Lobby Firm Hired To Sell The Coup In Honduras2020-02-122020-02-12https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/02/rtx78p76-1579877314-e1579877416856.jpg200px200px Coup President Jeanine Áñez, who came to power in November, has rejected claims that her predecessor, Evo Morales, was ousted in a coup — while cracking down on dissent and calling […]
Shell is still open to receiving offers from potential buyers of the company’s onshore upstream assets in Egypt’s Western Desert, Shell Egypt’s country chair, Khaled Kacem, announced yesterday. The Dutch oil giant said in October it was planning to sell its onshore upstream assets in Egypt’s Western Desert, in an attempt “to focus on expanding its Egyptian offshore gas exploration,” according to Reuters. Kacem did not […]