Sudden Massive Buyer Appears As Apple Breaks $100
Submitted by Tyler Durden on 01/06/2016 - 15:09
Is Tim Cook in the house? Or is The SNB doubling down?
With Stocks in Freefall, Nasdaq Breaks...
Submitted by Tyler Durden on 01/06/2016 - 15:01
They tried to slam VIX (and failed). JPY was sold (but failed). And Crude was temporarily ramped (but failed). So how do you stall a sell-off - BREAK THE MARKET AGAIN!!
Bank Bulls Bust As Fed "Error" Boosts Bearish Bets
Submitted by Tyler Durden on 01/06/2016 - 14:55
Just as we saw in the August collapse, US financial stocks appear to be facing the harsh reality that other markets already recognize. While US financial credit markets have been anything but exuberant for weeks, equity options markets have now turned their bullish backs on the banks as Bloomberg reports the ratio of bearish to bullish options on the S&P Financials ETF has climbed to the highest level in a year this week, reflects rising demand for protection against losses as NIM hopes collapse and Fed "error" probabilities increase.
"Pray For Us": Libya Issues "Cry For Help" As ISIS Advances On Oil Fields
Submitted by Tyler Durden on 01/06/2016 - 14:36
Stocks Stable Post-Fed Despite VIX Flash-Crash
Submitted by Tyler Durden on 01/06/2016 - 14:21
If history is any guide - the mysterious flash crash "signal" that we have seen yet again in VIX suggests stocks rally and VIX tumbles into the close today...
Fed Lack Of Confidence Sends WTI Crude To $33 Handle Even As Dollar Dumps
Submitted by Tyler Durden on 01/06/2016 - 14:12
Fed Mouthpiece Reads "Liftoff" Tea Leaves
Submitted by Tyler Durden on 01/06/2016 - 14:09
"Though the decision to raise rates was unanimous, some officials expressed concern about lingering low inflation and the stifling effects on the U.S. economy of a strong U.S. dollar and slow growth overseas."
FOMC Minutes Show Fed Rate Hike Decision Was "A Close Call", Feared Market Reaction
Submitted by Tyler Durden on 01/06/2016 - 14:01Since The December 16th FOMC decision to hike rates, Gold is up over 2%, Bonds up 1%, and stocks down 3% suggesting the word "error" with regard Fed policy. As The FOMC Minutes are released, traders anticipate confident-hawkishness and a focus on ignoring current data in favor of preferring their own confident outlook:
- *ALMOST ALL FED OFFICIALS AGREED LIFTOFF CONDITIONS MET IN DEC.
- *FED: LINGERING RISKS TO OUTLOOK INCLUDED FURTHER USD STRENGTH
- *A FEW FED OFFICIALS SAID FINANCIAL RISKS COULD ALTER RATE PATH
January's meeting has negligible probabilities for a rate move but March has 45% chance of a hike and 3% chance of a cut. The apparent unanimity of December's decision appears questionable given the Minutes suggestions of some dissent.
Pre-FOMC Minutes: S&P Futs 1983.25, 10Y 2.19%, Gold $1094, EUR 1.0755, WTI $34.05
Just Out From Evercore ISI: "Sell All Rallies Down To 1900"
Submitted by Tyler Durden on 01/06/2016 - 13:57
"With the macro backdrop more vulnerable today than at any time since the financial crisis, and the S&P 500 and NASDAQ still near all-time highs, we anticipate a downside move to 1900 on the S&P within the first two months of the year. We reiterate our view that Crude and Energy remain structurally broken and possess significant downside from current levels which will only agitate and exacerbate the ongoing collaps."
DVA Is Dead: Banks Will No Longer "Profit" From Collapsing
Submitted by Tyler Durden on 01/06/2016 - 13:50
The debt valuation adjustment, or DVA, will no longer be included in net income, according to revisions to the fair-value measurement standard published by the Financial Accounting Standards Board Tuesday. The DVA rule increased net income when a bank’s bonds tanked, on the theory that the firm could buy back its bonds at a lower price and benefit from the decline in value.
A Disturbing Warning From UBS: "Buy Gold" Because A 30% Bear Market Is Coming
Submitted by Tyler Durden on 01/06/2016 - 13:35
As Wall Street axioms (Santa rally, January effect, as goes January etc.) are rapidly falling by the wayside at the start of 2016, following a chaotic but return-less 2015, the UBS analysts who correctly forecast last year's volatility are out with their forecast for 2016. It's simple - Sell Stocks, Buy Gold... expect a Fed u-turn.
Another Rung In The Bull Market Yanked Out
Submitted by Tyler Durden on 01/06/2016 - 13:35
The relative strength of the consumer discretionary sector versus consumer staples had been a positive for stocks – not anymore.
China Has A "Colossal Credit Bubble" And No One Knows How It Will Unwind, Marc Faber Warns
Submitted by Tyler Durden on 01/06/2016 - 13:20
"We had a hard landing in the stock market already. We had a hard landing in commodities. [So yes], we could have a hard landing in the economy. China has a colossal credit bubble and no one knows how it's going to unwind."
10 Key Energy Trends To Watch For In 2016
Submitted by Tyler Durden on 01/06/2016 - 12:55
Energy investors got clobbered in 2015, and are hoping for things to turn positive as we head into the New Year. What can we expect in 2016? Here is a rundown of some key trends to watch for...
