Morgan Stanley

Morgan Stanley: "Well, That Escalated Quickly"

"One scary scenario is that the rise in volatility becomes self-fulfilling, with investors selling as volatility rises and markets move lower, driving more of both. For this risk, watch if new lows in the S&P 500 are confirmed by new highs in the VIX. This scenario is also scarier if realised volatility can stay near implied" - Morgan Stanley

World Markets Slide Spooked By Latest N.Korea Statement; Dollar, Gold, Oil Jump

European and Asian market and S&P futures have resumed their slide, as geopolitical tensions between North Korea and the U.S. spiked again overnight after Pyongyang responded to the latest set of warnings by Trump, revealing a plan to fire 4 ballistic missiles at Guam by mid-August. Gold gains for a third day while Brent rose above $53.

Former CBO Director: The Fall Will Be "Very Scary", Expect A Market Crash

Former CBO director Rudy Penner said he expects a "very scary" fall due to the debt ceiling battle: "the markets don't seem to have absorbed the reality of Washington yet," he said. "I have an uneasy feeling this will all end badly-that there will be a very major market correction."

Dow Set To Open Above 22,000 As Global Stocks Levitate Higher

Welcome to August: you may be surprised to learn that S&P 500 futures are once again levitating, higher by 0.3%, and tracking European and Asian markets, with DJIA futures higher by over 100 points this morning, the Dow Jones is set to open above 22,000, a new all time high as Asian stocks hit a new decade high.

"Why Does Extraordinarily Low Volatility Matter" Baupost Explains...

"...we remain in a market that is broadly expensive and largely indifferent to risk... This continues to be a time for patience and, above all, caution. If there is anything to be taken from Hyman Minksy's words, it is that no one should be lulled into a false sense of comfort by the illusion of stability which surrounds us... We most assurdely, are not..."