PIMCO

"You Could See Panic": PIMCO Joins Gundlach In Loading Up On S&P Puts

"If we see actual military altercation, markets can go a lot lower. And at the same time, volatility has been so low for so long that it doesn’t take much for markets to get worked up.... you will certainly see panic if all of this turns into a sustained military encounter."

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.

Risk Off: Global Stocks Slide As "Fire And Fury" Results In "Selling And Fear"

US futures are set for a sharply lower open (at least in recent market terms) following a steep decline in European stocks and a selloff in Asian shares, following yesterday's sharp escalation in the war of words between the U.S. and North Korea. In a broad risk-off move U.S. Treasuries rose, the VIX surged above 12 overnight, while German bund futures climbed to the highest level in six weeks.

Frontrunning: July 31

  • HSBC, miners lift European shares as dollar holds near lows (Reuters)
  • Republicans Face Tough Choice: Repeal Obamacare or Cut Taxes (BBG)
  • Trump’s Decisions Deepen Divide Among Republicans (WSJ)
  • Koch Brothers Move to Back White House’s Tax-Cut Plan (BBG)
  • Maduro Waits for U.S. Response After Violent Venezuela Vote (BBG)

The Globalist One World Currency Will Look A Lot Like Bitcoin

"Critics of the notion of a single global monetary framework tend to dismiss any evidence of the plan, usually due to their poor understanding of how currencies rise and fall and a poor understanding of the current monetary climate... 'Where is this global currency going to come from?'... The fact is, it already exists, and it is right under their noses..."

PIMCO Fears "The Coming Financial Volatility"

"...central bankers and bond investors have something in common: both worry that the current period of extremely low volatility is neither sustainable nor desirable...For investors today, the lesson is clear: reducing the scale of risk exposure is the right way forward."

Frontrunning: July 13

  • Feuding U.S. Senate Republicans to get revised healthcare bill (Reuters)
  • Draghi May Address Future of ECB Stimulus at Jackson Hole (WSJ)
  • BOJ seeks to tamp down speculation on tapering (Nikkei)
  • Iran’s Stature Grows as Rivals Quarrel (WSJ)
  • China June Trade Data Buoyed by Robust Demand at Home and Abroad (BBG)

Bill Blain: The Trump Fiasco Will Keep Yellen From Doing "Anything Extraordinary" Today

"The Trump Jump now look increasingly unachievable ahead of the next electoral cycle in 2018. No doubt markets will quickly shrug it off. However, the pressure on markets and gridlock on Washington spending plans is probably enough to keep the Fed from doing anything extraordinary – Yellen gives here bi-annual Humphrey Hawkins testimony later today." - Bill Blain