Capital Markets
One Concerned Trader Asks: Is The Fed Prepared For Its New Role As "Head Trader?"
Submitted by Tyler Durden on 10/01/2015 12:41 -0500But the question remains whether financial condition concern should manifest itself through unemployment and inflation dual mandate forecasts or be a separate consideration all together? To me, the danger in the latter is it turns central bankers into traders and market timers and that is something they are unlikely to have trained for
Retail Investors Have Never Been More Bullish Based On Record VIX ETF Selling
Submitted by Tyler Durden on 09/30/2015 14:29 -0500Courtesy of JPM we find something curious: it is no longer the Fed, nor its capital markets proxy, Citadel, nor even the banks or hedge funds that are the primary sellers of volatility. It is retail investors themselves!
BofA Issues Dramatic Junk Bond Meltdown Warning: This "Train Wreck Is Accelerating"
Submitted by Tyler Durden on 09/29/2015 17:45 -0500Liquid Alts - The World's Most Popular Hedge Fund Strategy Explained
Submitted by Tyler Durden on 09/28/2015 14:30 -0500Today's most popular hedge fund strategy among institutional investors globally is "Alternative Global Macro Funds". Also known as a “go anywhere” investment style, active managers employ opportunistic trading tactics across asset classes, financial instruments, and geographic regions. Like many liquid alts, global macro funds grew rapidly following the financial crisis as investors looked for strategies that could diversify their portfolios in the midst of volatility in the global marketplace and historically high sector correlations against the S&P 500, thereby improving their risk-return profiles. Ultimately, success in this classification resides in selecting the right active manager given the strategy’s wide dispersion of returns.
The Fed's Troubling Clarity Of Confusion
Submitted by Tyler Durden on 09/27/2015 14:45 -0500Over the past few years no institution has had more consequences beholden to their words than the Federal Reserve. So much so one could reasonably argue in response to prevailing circumstances their communiques overshadowed most others; including presidents and other leaders. The problem today is; in their effort to bring more clarity via press-ers, and more as to what might be transpiring behind the doors at the Eccles building, they’ve now communicated more confusion in the last two weeks nullifying all previous efforts. In our eyes it seems to be working exactly the same as its other policy outcomes: adding confusion, uncertainty, and having the exact opposite of intended results.
QE Infinity Calls Continue: "QE4 Will Be Their Next Move"
Submitted by Tyler Durden on 09/27/2015 14:01 -0500"What we have had is a jobless recovery in the US and so the Fed could not afford to cause another depression by raising interest rates. QE4 will be their next move, which is now much more likely than a rate hike."
China's "Credit Mystery" Deepens, As Moody's Warns On Shadow Financing
Submitted by Tyler Durden on 09/26/2015 11:15 -0500Are some Chinese banks ramping up their exposure to shadow conduits on the way to obscuring massive amounts of credit risk? Moody's says yes...
The Table Is Set For The Next Financial Crisis
Submitted by Tyler Durden on 09/25/2015 20:50 -0500- Auto Sales
- Capital Markets
- Creditors
- default
- Deficit Spending
- Fail
- Federal Reserve
- Ford
- Foreclosures
- Gambling
- goldman sachs
- Goldman Sachs
- Home Equity
- Housing Bubble
- Housing Market
- John Hussman
- Lehman
- Lehman Brothers
- Market Manipulation
- Monetary Policy
- Mortgage Backed Securities
- Mortgage Loans
- New Home Sales
- Rating Agencies
- ratings
- Recession
- recovery
- Risk Management
- Subprime Mortgages
- Volvo
Some people will never learn... ever. What is happening today is nothing more than rearranging the deck chairs on the Titanic. The iceberg has been struck, we’re taking on water, and this sucker is going to sink. Game Over.
Weekend Reading: Fed Confusion
Submitted by Tyler Durden on 09/25/2015 15:30 -0500The current surge in dis-inflationary pressures is not just due to the recent fall in oil prices, but rather a global epidemic of slowing economic growth. While Janet Yellen addressed this "disinflationary" wave during her post-meeting press conference, the Fed still maintains the illusion of confidence that economic growth will return shortly. Unfortunately, this has been the Fed's "Unicorn" since 2011 as annual hopes of economic recovery have failed to materialize. However, it is these ongoing views of optimism that have collided with economic realities.
"Nothing Is Working" - The Markets Just Aren't That Into You
Submitted by Tyler Durden on 09/25/2015 11:30 -0500With just 3 months left on the calendar, many investors are down on the year for one simple reason: nothing is really working. That leaves them only a short period to show a positive return, or at least a less-negative result than whatever index they track. To do that, many will have to make very specific and concentrated bets. It might be about equities generally – will they recover from the current growth scare? Or it might be asset allocation – will bonds finally go up on the year? For stock pickers, the key question is certainly “Play the winners, or look for laggards?” All we know is that with 69 days left to play catchup, time favors the fleet. And the bold.
David Petraeus, "Treasury Analyst": Please Don't Quit Your Day Job
Submitted by Tyler Durden on 09/24/2015 13:12 -0500Somehow everything in the following statement from David Petraeus is wrong: "There is no shortage of customers for the purchase of U.S. Treasuries," said Petraeus.... "Given the relative strength of the U.S. economy and the prospect of the Fed raising interest rates at some point in the months ahead, I suspect there will continue to be very keen interest in U.S. Treasuries."
24 Sep - ECB's Nowotny Says He's Wary of Expanding Bond-Buying Program
Submitted by Pivotfarm on 09/23/2015 16:19 -0500News That Matters
Budget Deficit Explodes Higher In Portugal After Government Throws In Towel On Bad Bank Sale
Submitted by Tyler Durden on 09/23/2015 12:45 -0500Newly-upgraded Portugal unleashed a budget bombsell on Wednesday when it revised its 2014 deficit higher by some 60% after a failure to liquidate the predecessor to bailed out Banco Espirito Santo left taxpayers holding a €5 billion bag.
Mario Draghi Shuns Yellen, "Sees No Financial Stability Risks" - Live Feed
Submitted by Tyler Durden on 09/23/2015 08:09 -0500From Novotny, Coeure, and Jazbec, the leaks this morning have been clearly angled towards "do not expect any more Q€ anytime soon," so one wonders if, having seen the reaction in EUR weakness still whether Mario Draghi will try and talk these 'hawkish' comments back?
23 Sep - China May Delay Japan 2% Inflation Tgt
Submitted by Pivotfarm on 09/23/2015 06:24 -0500News That Matters




