Nasdaq 100

Market Goes 'Full Bitcoin'

"The artificiality of stock prices has accelerated in recent years with the domination of passive investment strategies..."

Tax Reform Rotation

"Although I agree the tax cuts are far from being priced in, what if this change causes a massive rotation out of growth and into value/financial/stocks-that-benefit-most from tax cuts, and in doing so, causes volatility to rise? If volatility rises, then for a whole host of different reasons, market participants will be forced to de-lever their stock portfolios."

The Mother Of All Irrational Exuberance

"... relative to today's casino madness and the Goldman fairy tale hockey stick, Alan Greenspan circa April 2000 looks like a model of sobriety by comparison. So if that was Irrational Exuberance back in April 2000, what we have now is surely the mother thereof..."

Knave Dave's picture

All is not perfect in this surreal stock market as nerves begin to jitter and bulls begin to sound like bears. Yet, euphoria continues to push prices to new heights past omens and disasters and in spite of failed legislation.

Is It Finally Time To Buy Stock Market Vol?

"The boat still is extremely crowded, and there is no way I could bring myself to chase the robots, the Nasdaq, or any stock market up here into this euphoria..."

S&P Futures Slide After Chinese Stock And Bond Rout; Spain Rebounds, Dollar Drops

U.S. futures slid 0.2% as investors awaited a barrage of announcements including Wednesday's Fed decision, Friday's jobs report and, most importantly Trump's imminent announcement of who the next Fed chairman will be, although after the latest trial balloons, Jay Powell is now largely priced in, even as they kept a weary eye on the biggest Chinese stock and bond rout in months.