Equity Markets

The Yellen Put - Friend Or Foe?

"A profligate Congress is eroding confidence in Abraham Lincoln’s precursor to bitcoin – the greenback..."

FX Weekly Preview: EUR Bursts Higher Again As Year-End Call For 1.2000 Return

If we do push past 1.2000 next week, sellers will be looking to fade this on some of these factors, and we also have to factor in the Dec Fed hike, which is an opportunity for the FOMC not to miss as normalisation is still very much on the agenda, albeit slightly more gradual than before. 

Get Out Now: SocGen Predicts Market Crash, Bear Market For The S&P

With little stock upside left, with the threat of rising interest rates slamming P/E multiples, with the economy in deep in late cycle, with equities trading at record valuations, with everyone short vol and just begging for a vol short squeeze, SocGen's advice is simple: get out now.

Kolanovic Asks "How Close Are We To The Market Top" And Answers

"This is a question asked by many of our clients, especially those wanting to protect strong YTD gains or chase year end performance. In order to assess this question we analyze equity positioning, possible signs of irrational exuberance, and again draw attention to another form of excess which we call ‘quantitative exuberance’."

Asian Stocks Smash Records; Dollar Slides As Crude Surges To July 2015 Highs

Global shares hit another record high on Wednesday, propelled higher by what increasingly more call (ir)rational exuberance, and investors’ unflagging enthusiasm for tech stocks, even as the yield curve continued to flatten. Meanwhile, oil jumped to 2.5 year highs pressuring yields as the dollar slid to a one month low.

Gold, Bonds, & Yen Surge As US Equity Markets Open

US equity futures were deleriously bid from the moment Europe opened overnight but as US equity cash markets opened, 'risk off' flows suddenly hit sending Yen, bonds, and gold kneejerking higher...