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Futures, Treasurys Flat After Chinese Stock Bubble “Incident”; Bunds Stage...
If yesterday’s laughable lack of volume (helped by the closure of Japan and the UK) coupled with hopes that the end of the buyback blackout period was enough to send stocks surging if only to end with...
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Crowning A New Bond King: Vanguard Fund Overtakes PIMCO For Bond Throne
No one stays on top forever, not even the world’s most well-known bond investor, and to be sure, when Bill Gross’ long reign at the top of the fixed income universe finally came to a sudden and rather...
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In The New Paranormal, Junk Bonds Are A “Haven Asset”
“What’s even more dangerous than the actual stock market is the high yield market,” Carl Icahn (who is perhaps talking his book) recently warned, before saying he “feels sorry” for all of those...
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Between A “Selling Panic” And Black Crows, Where Do German Bunds Go Next
Battered by Bill Gross and Jeff Gundlach, SocGen warns that the current correction in 10Y Bunds remains atypical from a technical perspective and bears the characteristics of a panic selling. Via...
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Volumeless VIXtermination Fuels Stock-Buying Frenzy To Record Highs
There can be only one clip for today… Because it's all about the fundamentals… and funnily enough the day when consensus GDP hopes collapsed also.. And volume doesn't matter… Futures give us a...
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Puerto Rico Faces Default, Government Shutdown On July 1
Late last month we outlined what is an increasingly desperate fiscal crisis in Puerto Rico. The commonwealth faces a July 1 payment of $630 million on its GO bonds and without furloughing some public...
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Billionaire Hedge Fund Manager Paul Singer Reveals The “Bigger Short”
First it was Gross, then Gundlach. Now billionaire hedge fund manager Paul Singer of Elliott Management has unveiled what he believes is the trade of this generation: being short “long-term claims on...
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A Generation Of Rate-Hike Rookies Makes Jeff Gundlach Nervous
With the BEA set to double-adjust GDP prints in an effort to help eliminate the kinds of economic contractions “residual seasonality” that showed up in Q1, the statistically flourishing US economy...
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The ECB Did Just As It Leaked To Its Hedge Fund Friends: European QE Activity...
Until May, as part of its Public Sector Purchase Programme (aka QE), the ECB bought just over €47 billion in Eurozone (excluding Greece of course) government bonds. Then, after Gross said, and Gundlach...
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Bond Rout Continues: Bunds Rise Above 1%; 30Y “Golden Crossed”; Kuroda Sends...
After a Chinese session which following the MSCI failure to include Chinese stocks in its EM index, if only for the time being, was largely a dud with Shanghai stocks actually dropping by 0.1% after a...
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The “Global Macro Investor”– An Interview With Raoul Pal
Submitted by Erico Matias Tavares of Sinclair & Co Raoul Pal has previously co-managed the GLG Global Macro Fund in London for GLG Partners, one of the largest hedge fund groups in the world. He...
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Bonds Are Back: “There Is Too Much Complacency”
Via Scotiabank's Guy Haselmann, FOMC For many, there is typically a large divide between what they believe the FOMC should do, and what it will actually do. There are those who believe the Fed should...
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The Fed Is Out Of Options, “QE Is All It Can Do Here” Art Cashin Predicts
Weakness in commodities "is not transitory," Art Cashin tells CNBC, if you look at things like copper, "this is really a deflationary push… where things can get a little out of control." The Fed says...
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12 Signs That An Imminent Global Financial Crash Has Become Even More Likely
Submitted by Michael Snyder via The Economic Collapse blog, Did you see what just happened? The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era....
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Oil Trades Under $42 To 6 Year Lows, Gundlach Sees “Terrifying Geopolitical...
For the first time since March 2009, the front-month WTI crude futures contract has traded with a $41 handle. As it draws ever nearer the 2009 lows, we are reminded of the ominous warnings that...
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Aug 25 – China Bloodbath Rattles Global Markets
EMOTION MOVING MARKETS NOW: 3/100 EXTREME FEAR PREVIOUS CLOSE: 5/100 EXTREME FEAR ONE WEEK AGO: 12/100 EXTREME FEAR ONE MONTH AGO: 10/100 EXTREME FEAR ONE YEAR AGO: 34/100 FEAR Put and Call Options:...
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“We Will Have A Downturn”, Dalio Warns, Return To QE Inevitable
Last week, we took a look at why zen master Ray Dalio’s All Weather fund has had a tough time riding out the series of violent thunderstorms that have shaken the market of late. In short, “the...
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Gundlach Explains Why The Market Hasn’t Crashed Yet: “People Are Holding And...
One week ago, after Carl Icahn joined the legion of doomsayers launched in mid-September by none other than the former “balls to the wall” bull David Tepper, we wondered who would be next: But what...
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BIS Warns of ‘Major Faultlines’ In Global Debt Bubble
– BIS warns “unrealistic and dangerous to expect that monetary policy can cure all the global economy’s ills” – Bank of International Settlements warns that recent turmoil is not caused by isolated...
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Prominent Permabull Says Correction Not Over Yet, Expect “Final Capitulation”
Back in January 2012, all was well with the centrally-planned world: Gluskin Sheff’s David Rosenberg was staunchly bearish, while his arch-nemesis, Wells Capital’s Jim Paulsen, was the opposite. This...
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