Bear Market

Metals Massacre - Iron Ore Enters Bear Market, Copper Collapses To 1-Month Lows

The hype surrounding the credit-fueled resurgence in base metals in the first half of 2017 has crashed and burned on the altar of reality in China's slowdown with industrial metals from copper to iron ore and zinc all plunging in the last two weeks. Odd that we don't hear much from mainstream business media discussing the implications for a global coordinated economic growth narrative...

Traders Yawn After Fed's "Great Unwind"

One day after the Fed unveiled the "Great Unwinding" the reaction has been largely muted, with S&P futures unchanged, near all-time highs as European and Asian shares rose modestly while the dollar edged marginally lower through the European session after yesterday’s post-Fed surge.

"If This Trade Doesn't Work, You Can Blame Me..."

"Taking the other side of this latest de-dollarization fad feels scary. It is not comfortable by any means...Yet the hard trades are often the right trades... (either that, or you make a complete fool of yourself)"

Weekend Reading: They're Baaaccckkk!

"With cash levels at the lowest level since 1997, and equity allocations near the highest levels since 1999 and 2007... investors are now functionally 'all in'..."

One Hedge Fund CIO Explains His Life Through 4 "Market" Anecdotes

Act I: Coffee with my wife [building a portfolio to withstand known unknowns]; Act II: Fresh from the farm [recognizing signs of an impending bear market]
Act III: Dinner table chatter
[unexpected correlations blow up quantitative risk models]; Act IV: Text exchange [trapped, no market liquidity, coming to terms with a runaway loss]