NASDAQ

Tesla Reports Big Miss In Car Deliveries For The Quarter And 2016

Another quarter, another disappointing delivery announcement from Tesla, which moments ago reported that for the fourth quarter and full year, had delivered 22,200 and 76,230 vehicles, well short of Wall Street estimates of 25,000 for the quarter and shy of the full year goal of 80,000.

Do Central Bankers Know A Bubble When They See One?

In spite of being exposed in what is either a self-exculpating lie (the claim that bubbles can only be seen after they burst) or a sign of gross incompetence (the failure to see two of the largest financial bubbles in history), no Fed official has ever been asked to explain or rationalize the Fed’s contradictory positions on bubbles.

How Hedge Funds Closed Out 2016, And Why Hopes For A 2017 Rebound May Disappoint

In recent weeks there has been a burst of hope that 2017 will be better for hedge funds as a result of the recent collapse in cross-asset correlation; it is hoped that the resulting returns dispersion would make it easier for hedge funds to stand out in a world in which correlation had been at near record highs. But is that an accurate description of events?  To a great extent, the answer is no.

Global Stocks Rise, Dow Flirts With 20,000 As London Reopens; Oil In Longest Winning Streak In 7 Years

Global markets continued their levitation with the UK returning from vacation, pushing the MSCI Asia Pacific Index higher for the first time in seven days, while oil headed for the longest winning streak in almost seven years ahead of the promised OPEC production cut which is set to begin in just days. The USDJPY rose for a second day, pushing US equity futures higher and the DJIA is once again teasing with the 20,000 mark.

"HFT In My Backyard" - The Intro

A lot of people are working to map these networks, and that’s good, I’m not alone anymore. As for me, I’ll start “HFT in my backyard” season 2 with a first episode about a new network who showed up recently; it’s not about Frankfurt-London anymore, it’s about London-Zurich (and/or Milan?).

Dave Collum's 2016 Year In Review - "And Then Things Got Really Weird..."

"Markets don’t have a purpose any more - they just reflect whatever central planners want them to. Why wouldn’t it lead to the biggest collapse? My strategy doesn’t require that I’m right about the likelihood of that scenario. Logic dictates to me that it’s inevitable..."

Something Wicked This Way Comes

"The narrative about an improving economy, thriving jobs market, and glorious future is bullshit. I know it. You know it. And your establishment puppeteers know it. But only “fake news” sites would dare reveal these inconvenient truths."

Frontrunning: December 21

  • Futures little changed after Dow, Nasdaq hit records (Reuters); Europe Stocks’ Rally Dims as Banks Drop; Oil Gains (BBG)
  • Monte dei Paschi says could run out of liquidity after four months (Reuters)
  • Spanish Banks Lose EU Case on Mortgage Interest Repayments (BBG)
  • Russia says trust needed for global oil output deal to be success (Reuters)
  • U.S. plays down absence from Moscow talks on Syria, says not 'sidelined' (Reuters)

The Bears Are Dying: Even Bob Janjuah Turns (Somewhat) Bullish

"The trends over H1 2017 should be higher (especially US) equities and yields, steeper curves, a stronger USD, and mixed performance in credit (especially in the IG sphere) and EM. So for me, most likely over the middle two quarters of 2017, I can see the S&P 500 cash index up at 2450 +/- 50 points, with the Nasdaq weakest and the Dow strongest of the big three US indices."