Silver as an investment

Category Archives: Yield Curve

Stocks Dazed After Trump NAFTA Flop, Tax Plan Disappointment; ECB Looms

European shares are lower, pressured by disappointing results by Deutsche Bank and ending a six-session gain, as Asian equities and S&P futures were little changed after a record-setting rally in world stocks which pushed the MSCI World index to over $50 trillion yesterday, fizzled after Trump released unconvincing tax cut plans prompting traders to “sell […]

Shorts Smoked – Stocks End ‘High’ As Dollar Dumps’n’Pumps

Despite tumbling soft data and disappointing earnings data… Stocks soared most in 6 weeks…     Another day, another one-way trip in stocks. VIX clubbed to a 13 handle again stocks soar… Trannies and Small Caps once again led the day (short squeeze) and S&P lagged but everything was awesomely green again…   Another big […]

Trump And The Age Of Magical Thinking

Authored by Christopher Whalen via The Institutional Risk Analyst blog, “Anyone taken as an individual is tolerably sensible and reasonable – as a member of a crowd, he at once becomes a blockhead.”   Friederich von Schiller, quoted by Bernard Baruch The term "magical thinking" refers to how children believe that their thoughts have a […]

We’re All Yen Traders Now

Authored by Kevin Muir via The Macro Tourist blog, Today’s post will have no answers. I am not sure anyone truly understands the strange day to day squiggles of the increasingly intertwined global financial system, but I wanted to highlight a relationship that cannot simply be monkeys typing Shakespeare. Let’s start with the market developments […]

Turkish Referendum Full Preview

This Sunday, Turkey will vote in a hotly contested referendum on the presidential system, whose outcome could place sweeping new powers in the hands of President Tayyip Erdogan and herald the most radical change to the country’s political system in its modern history. The package of 18 amendments would abolish the office of prime minister […]

The End Game

Authored by Kevin Muir via The Macro Tourist blog, We all know the terrifying debt statistics. We are bombarded every day with bearish reports about the gargantuan Federal debt, and when combined with the growing private sector indebtedness, the monolithic entitlements problem, and the looming pension fund shortage, it is easy to wonder how we […]

Breslow: “The Pain Trades Are Giving Traders Headaches”

Richard Breslow, former fund manager who currently writes for Bloomberg, starts of the week with a recap of how traders are reacting to the so-called key pain trades, and refuse to accept a shift in sentiment when it comes to the “dovish yet hawkish” Fed or the “hawkish yet dovish” ECB. The Pain Trades Are […]

Bond Bears Battered As March Saw Biggest Short-Covering In 10Y Futures History

Bond bears covered over 340,000 10Y futures contracts in March – more than $34 billion notional Treasuries – making it the biggest short-squeeze in Treasury Futures history.   In fact, shorts covered across the entire yield curve complex… except for the every short-end… Net Treasury futures shorts are now back to the lowest levels since […]

Hedge Fund CIO: “What If The ‘Trump Earnings Surge’ Was Just An Illusion?”

We bring readers this follow-up note to our earlier quote from the latest Weekend Notes by Eric Peters, CIO of One River Asset Management, as it provides a glimpse into the process of cognitive disappointment many other market participants may soon encounter, once the following key question is asked, and answered: “What happens if Trump […]

Will The Fed Dump Bonds In The Open Market?

According to William Dudley, the president of the Federal Reserve bank of New York, we might see the Federal Reserve reducing the size of its balance sheet sooner rather than later. Whilst Dudley seemed to have been hinting at just letting the securities on the balance sheet mature and take the cash out of the […]