Fireworks Day: Stocks Fawke'd, AI/Tech Wrecked On "Massive Retail Selling"; Bonds & Bullion Bid
"Pain levels are high..." as credit blows out and stocks suffer record $2.8TN market cap loss...
"Pain levels are high..." as credit blows out and stocks suffer record $2.8TN market cap loss...
Let's see who comes out of the woodwork...
$17.5 billion of junk bonds back data centers in newly blue states that aren't due to be finished until after Texas lawmakers go home. On the biggest one, every quarter of delay costs about $87 million in interest.
There is growing anticipation that something really big is about to happen...
"The numbers are getting so fricking big that *what if* we don't make that almost 'assumed' late afternoon low-then-rally" - McElligott tallies $47BN in levered ETF selling, $61BN in vol control and $7BN of dealer gamma per 1%.
Trump "loves the guy."
Beijing has spent nearly three years steering state buyers off American chips and software. On Thursday, Huawei handed them a desktop.
"Our competitive advantage is not going to be trying to replicate the traditional multi-manager equity long/short model." Walleye's CIO, after a 5.9% October loss.
The proposed funds would let investors bet on rising credit risks across the AI industry, reinforcing our prediction that CDS trader could be the best job of 2027...
Semiconductors are the most exposed sector to a yield-curve flattening driven by a tightening in liquidity conditions...
Higher energy bills forced EM central banks to "tap that piggy bank"; with Brent down 20% this week, the selling stops and the CTA model is near max short...
The Justice Department has sent a target letter to prominent Democratic elections attorney Marc Elias...
The average AI model now has an IQ of 130, compared to the average human with 100...
"If corruption and depravity were superpowers, Scott Bessent, alongside Trump, could be a superhero..."
But, cheap can get cheaper when the build-out itself is in question...
From multimillion-dollar estates to an influx of billionaires, celebrities, and corporate giants, Music City is emerging as one of the country’s fastest-growing luxury markets.
...its new mascot is the wolf, replacing the nearly century-old "Don" costume following student backlash over colonial history...
