Market Conditions
Global Stocks Crash After Spiraling Chinese Devaluation Unleashes Worldwide Chaos And Selling
Submitted by Tyler Durden on 01/07/2016 07:34 -0500- Apple
- Australia
- B+
- Bank of America
- Bank of America
- Bitcoin
- Bond
- Brazil
- China
- Circuit Breakers
- Consumer Confidence
- Continuing Claims
- Copper
- CPI
- Crude
- Crude Oil
- Equity Markets
- fixed
- France
- George Soros
- Germany
- headlines
- High Yield
- Hong Kong
- Initial Jobless Claims
- Italy
- Japan
- KIM
- Kyle Bass
- Kyle Bass
- Market Conditions
- Middle East
- Monetary Policy
- Natural Gas
- Netherlands
- Nikkei
- None
- North Korea
- Oklahoma
- OPEC
- RANSquawk
- San Francisco Fed
- Saudi Arabia
- Shenzhen
- Standard Chartered
- Trade Balance
- Trade Deficit
- Unemployment
- Volatility
- Wells Fargo
- World Bank
- Yen
- Yuan
Once China set the Yuan fixing some 0.5% lower, the biggest drop since the August devaluation, all hell broke loose and unleashed a global selling panic after China's stock market was promptly shut down less than 30 minutes into trading, then European shares dropped the most in more than 4 months as Asian equities plunges, as did US stock futures, the dollar weakened against the euro and the yen; crude plunged to fresh 12 year lows. Gold rose.
Are We Headed For Another Bust?
Submitted by Tyler Durden on 01/05/2016 12:36 -0500Fed policymakers seem to be of the view that the almost zero federal funds rate and their massive monetary pumping has cured the economy, which now seems to be approaching a path of stable economic growth and price stability, so it is held. Yet, manipulations by the Fed could not bring the economy onto a path of stability and prosperity but, on the contrary, set in motion the menace of the boom-bust cycle. This raises the likelihood that the elimination of bubbles as a result of a tighter stance while good in the long-term for wealth generators is likely to trigger a severe economic slump in the near to medium term.
2016 Off To A Miserable Start: Asian Stocks Drop; Futures Slide After China PMI Tumbles On Dire Commentary
Submitted by Tyler Durden on 01/03/2016 21:31 -0500Earlier in the session, after the surge in oil prices on fears of a spike in belligerence between Saudi Arabia and Iran, bulls were hopeful that after a poor close to 2015, at least the first trading day of 2016 would set a positive mood: after all, if there is one thing war is good for, it is to lift stock markets. And it did... for about 3 hours. Then moments ago, Caixin Media and Markit Economics released the latest December PMI, which was, in a word, a total disaster, one which promptly sent US equity futures sliding, and the Shanghai Composite tumbling some 4%... and CSI-300 Limit down.
Poker's 10 Most Valuable Investment Lessons
Submitted by Tyler Durden on 01/01/2016 14:20 -0500While most amateurs will bet on most hands, take speculative positions where the odds of success are stacked against them or try to bluff their way through a losing hand; professionals play with a cold, calculated and unemotional discipline. The professional gambler understands the odds of success of every play and measures his “bets” accordingly. He knows when to be “all in” and when to “fold and walk away.” Do they succeed all the time – of course not. However, by understanding how to limit losses they survive long enough to come out a winner over time.
Time For Torches & Pitchforks: The Little Guy Is About To Get Monkey-Hammered Again
Submitted by Tyler Durden on 12/30/2015 22:15 -0500The prospect that the leaders of our monetary politburo are about to be tarred and feathered by economic reality might be satisfying enough if it led to the repudiation of Keynesian central planning and a thorough housecleaning at the Fed. Unfortunately, it will also mean that tens of millions of retail investors and 401k holders will be taken to the slaughterhouse for the third time this century. And this time the Fed is out of dry powder, meaning retail investors will never recover as they did after 2002 and 2009.
BofAML Fears "Violent" Unwinds As Central Bank 'Put' Expires
Submitted by Tyler Durden on 12/23/2015 15:35 -0500The market is well aware the price of risk is not correct, but they can’t fight it, and everyone is forced to crowd into the same trade by central bank (CB) intervention. By manipulating markets they have also reduced investors’ inherent conviction by rendering fundamentals less relevant, creating a highly unstable (fragile) situation that breaks violently when a sufficient catalyst causes risk to rise – overly crowded positioning meets a market with little conviction. Catalysts From BofAML's global equity derivatives desk's vantage point, it becomes clear that the biggest visible risk to financial markets is a loss of confidence in this omnipotent CB put.
The Fed Rate Hike: the Torpedo is Launched
Submitted by Sprott Money on 12/19/2015 05:59 -0500One would think that the Criminals, themselves, would not have the audacity to use the same Script (with just minor plot variations) every eight years. But here we go, again.
Moody's Downgrades Glencore To Lowest Investment Grade Rating As CDS Trade A Multi-Year Highs
Submitted by Tyler Durden on 12/18/2015 09:15 -0500Weak earnings performance in marketing operations below the current EBIT guidance of $2.4-$2.7 billion could place negative pressure on the Baa3 ratings in the absence of any mitigating measures. A weakening of the company's liquidity position, delays with the planned divestments in 2016 or a material reduction in its working capital funding capacities by the banks, as well as sustained high leverage with adjusted debt/EBITDA exceeding 4x, will also put negative pressure on the Baa3 ratings."
Fed Hikes Rates, Unleashing First Tightening Cycle In Over 11 Years
Submitted by Tyler Durden on 12/16/2015 18:00 -0500In the end, the Fed did not surprise, and raised interest rates for the first time in almost a decade in a widely telegraphed move while signaling that the pace of subsequent increases will be “gradual” and in line with previous projections. The Federal Open Market Committee unanimously voted to set the new target range for the federal funds rate at 0.25 percent to 0.5 percent, up from zero to 0.25 percent.
3 Charts The Fed Should Consider
Submitted by Tyler Durden on 12/15/2015 15:00 -0500With economic growth currently running at THE LOWEST average growth rate in American history, the time frame between the first rate and next recession will not be long. For investors, there is little “reward” in the current environment for taking on excess exposure to risk assets. The deteriorating junk bond market, declining profitability and weak economic underpinnings suggest that the clock has already begun ticking. The only question is how much time is left.
Will The Market Force Yellen Into 'None-And-Done'?
Submitted by Secular Investor on 12/14/2015 18:23 -0500Jim Cramer - of all people - warned about this in 2007: watch the video inside!
NatGas Bloodbath Accelerates Amid LNG Glut Worse Than Oil
Submitted by Tyler Durden on 12/14/2015 09:30 -0500With Nattie down 6% in early trading, the most in 2 months, pressing to new record lows and oil prices continuing their carnage, the energy complex is a mess. OilPrice.com's Nick Cunningham warns, while the glut in oil is expected to continue for the next year or so before balancing in late 2016, the pain for liquefied natural gas (LNG) could be just beginning...
Why Fund Gates Are Terrible News For Great Asset Managers
Submitted by Tyler Durden on 12/14/2015 08:13 -0500"One of the sad side-effects, is successful strategies, with liquid investments that are built for volatile markets and have no gates, become the piggy-bank for everyone that needs cash."
The Next Leg Of The Junk Bond Crisis: Third Avenue "Focused Credit Fund" Liquidates, Gates Redemptions
Submitted by Tyler Durden on 12/10/2015 15:48 -0500"Third Avenue is extremely disappointed that we must take this action"...
The Screaming Fundamentals For Owning Gold
Submitted by Tyler Durden on 12/09/2015 17:40 -0500- Bank of England
- Bear Market
- BOE
- Bond
- Central Banks
- China
- Chris Martenson
- Creditors
- default
- ETC
- European Central Bank
- Fail
- Federal Reserve
- Foreign Central Banks
- Gambling
- Gross Domestic Product
- Hong Kong
- India
- Janet Yellen
- Japan
- March FOMC
- Market Conditions
- Monetary Base
- Monetary Policy
- Money Supply
- MZM
- None
- Precious Metals
- Purchasing Power
- Real Interest Rates
- Reuters
- Sovereign Debt
- Standard Chartered
- Switzerland
- World Gold Council
Gold is one of the few investments that every investor should have in their portfolio. We are now at the dangerous end-game period of a very bold but very reckless & disappointing experiment with the world's fiat (unbacked) currencies. If this experiment fails -- and we observe it's in the process of failing -- gold will provide one of the best forms of wealth insurance. But like all insurance products, it only works if you buy it before you need to rely on it.




