Goldman Sachs
SunSetEdison
Submitted by Tyler Durden on 11/19/2015 09:39 -0500SUNE is down almost 8% this morning, backunder $3.00, as yesterday Twitter-based "Blackstone buying SUNE Debt" rumor is dashed in the epic realization that you might be the last one in line for the exits...
WTI Tumbles Back Below $40, Goldman Warns Risk Of "Sharp Leg Lower"
Submitted by Tyler Durden on 11/19/2015 08:15 -0500After an exuberantv-shaped recovery of hawkish fed minutes, WTI Crude (Dec contract) has tumbled back below $40 this morning following warnings from Goldmn Sachs of the potential for a "sharp leg lower" to $20 handle given expectations for warmer-than-normal weather this winter.
Global Markets Surge Overnight On Fed Minutes Optimism; ECB Minutes Set To Keep Rally Going
Submitted by Tyler Durden on 11/19/2015 06:55 -0500- 200 DMA
- Aussie
- Bond
- Carlyle
- China
- Continuing Claims
- Copper
- Crude
- Crude Oil
- Dallas Fed
- Donald Trump
- Equity Markets
- Eurozone
- fixed
- France
- Germany
- goldman sachs
- Goldman Sachs
- headlines
- Housing Starts
- Initial Jobless Claims
- Japan
- Jim Reid
- KKR
- Monetary Policy
- Natural Gas
- Nikkei
- Philly Fed
- Portugal
- Price Action
- RANSquawk
- Recession
- Reuters
- Trade Balance
- Yen
While it is still unclear just why the FOMC Minutes which are said to have made a December liftoff "more likely" unleashed a dramatic market rally, one which sent both stocks and TSYs higher, the sentiment continued overnight, with both Asian stocks surging on the US momentum, as well as Europe, where the DAX gapped solidly above the 200 DMA as most European shares advanced, led by resources, travel stocks. U.S. futures continue their ramp higher, and at last check were another 8 points, or 0.4%, in the green. But if the Fed Minutes were enough to unleash the latest leg in this rally, than the ECB's own minutes due also today, should send futures back over 2100 without much difficult, regardless of their actual content.
Did Goldman Sachs Just Find The Smoking Gun In Today's FOMC Minutes?
Submitted by Tyler Durden on 11/18/2015 21:45 -0500The market's reaction to today's FOMC Minutes was, to some, a little odd given the "December is on" hawkish narrative being sold to the public. Stocks rallied, longer-dated bonds rallied, gold managed gains, and the US Dollar sold off... not exactly the reaction one would expect from a 'hawkish' Fed statement. But there is one thing that would explain those moves... and it appears Goldman Sachs found it buried deep inside the 12 pages of Minutes...
It Will SUNE Be Over: Axiom Says SunEdison "Credit Event Appears More Likely", Sees Price Dropping To $2/Share
Submitted by Tyler Durden on 11/18/2015 07:31 -0500As @the_real_fly says, "it will SUNE be over" and perhaps catalyzing the ending is a brand new note by Axiom Capital Research titled "The Nightmare Before Christmas” – Credit Event Appears More Likely than Presaged, in which the analyst Gordon Johnson sees at least another 33% of downside before the stock finally stabilizes at something resembling a fair value of $2.00
Forty Centuries Of Wage & Price Controls
Submitted by Tyler Durden on 11/17/2015 15:30 -0500Interest rates across the developed markets have been kept at emergency levels (and all time historical lows) for seven years. Do we think that allowing banks to access essentially free money is more or less likely to give rise to the sort of malinvestments that caused the financial crisis in the first place? If you believe that the answer is ‘less likely’, there is a job at your local central bank with your name on it.
Goldman Closes Out Its Top Trade For 2015 Which Expires Out Of The Money
Submitted by Tyler Durden on 11/17/2015 10:16 -0500"Today we close our last remaining Top Trade recommendation to be short EUR/$ via a 1.00 – 0.95 put spread (initially struck at 1.20-1.15 with spot at 1.25), which expires out of the money incurring a loss of premium."
Global Stocks Soar As Dollar Spot Index Hits Record High; Oil Declines
Submitted by Tyler Durden on 11/17/2015 06:57 -0500Who would have thought terrorism is so good for stocks.
A New Low? Hillary Clinton Claims 9/11 Is The Reason She's Owned By Wall Street
Submitted by Tyler Durden on 11/16/2015 11:25 -0500That Hillary Clinton is owned by Wall Street is such an indisputable fact at this point, there’s no point in her even trying to squirm her way out of it. As such, it appears she took on a different tact at last night’s Democratic debate, straight out of the George W. Bush playbook. When asked about her Wall Street donors (her top career contributors are essentially all TBTF banks), she shamelessly replied: "We were attacked in downtown Manhattan where Wall Street is. I did spend a whole lot of time and effort helping them rebuild. That was good for New York. It was good for the economy, and it was a way to rebuke the terrorists who had attacked our country."
No Serious Financial Repercussions From The Paris Attacks? Don't Be Too Sure
Submitted by Tyler Durden on 11/16/2015 09:50 -0500It's not just tourism and retail sales that might swoon--global sentiment might switch decisively from "risk-on" to "risk-off" with far-reaching consequences, a reversal that would quickly cascade through every asset class and every market--not just in the short-term, but in the long term.
Stocks Jump On Hope For More Central Bank Intervention After Japan's Quintuple Recession, Syrian Strikes
Submitted by Tyler Durden on 11/16/2015 07:03 -0500- Belgium
- Bond
- British Pound
- Central Banks
- China
- Consumer Confidence
- Consumer Sentiment
- Copper
- CPI
- Crude
- Crude Oil
- Eurozone
- Flight to Safety
- Foreclosures
- France
- Germany
- goldman sachs
- Goldman Sachs
- headlines
- Housing Market
- Housing Starts
- Italy
- Japan
- Jim Reid
- Leading Economic Indicators
- Market Manipulation
- Middle East
- Monetary Policy
- NAHB
- Neo-Keynesian
- Nikkei
- North Korea
- Philly Fed
- Recession
- Trade Balance
- Turkey
- Volatility
- Yen
As so often happens in these upside down days, was the best thing that could happen to the market, because another economic slowdown means the BOJ, even without sellers of JGBs, will have no choice but to expand its "stimulus" program (the same one that led Japan to its current predicament of course) and buy up if not government bonds, then corporate bonds, more ETFs (of which it already own 50%) and ultimately stocks. Because there is nothing better for the richest asset owners than total economic collapse.
Mid-East Stocks, US Futures Slide As Goldman Warns Of Paris Attacks' Negative Implications For Markets
Submitted by Tyler Durden on 11/15/2015 13:30 -0500Following the weakness in the few minutes of after-hours trading on Friday's US session that overlapped with the first headlines from France, we are getting a first glimpse at the posible fallout from the Paris terror attacks. The Middle Eastern stock markets tumbled significantly with Saudi Arabia's Tadawul All Share index down 3% (biggest drop in 3 months) to its lowest since December 2012, and Dubai's FMG Index plunged 3.7% to its lowest since 2014. Short-run implication for the equity market is likely to be negative according to Goldman, with a notably higher risk premium regarding uncertainties about the medium-term political implications.
Goldman's Clients Are Suddenly Very Worried About Collapsing Market Breadth
Submitted by Tyler Durden on 11/14/2015 17:28 -0500"Clients are quick to point out similarities between the current low breadth environment and the narrow breadth regime that emerged during the tech bubble in the late 1990s. Our Breadth index currently equals 1, one of the lowest levels in the 30- year series. The typical episode lasted four months, with past episodes ranging from two months in 2007 to a high of 14 months during the tech bubble."
Black Fridays Matter
Submitted by Tyler Durden on 11/12/2015 17:20 -0500The perennial hopes of a strong retail shopping season are once again upon us. Given the current deflationary backdrop, small business spending pessimism, the sharp decline in imports and weak wage growth, it is quite likely that actual retail sales will likely disappoint the NRF's forecast of a "shopping season significantly above the 10-year average." But it is truly important to remember that for retailers all #BlackFridaysMatter
The Stench Of Freddie Mac Is Back - An $18 Billion Spree Of Crony Capitalist Thievery
Submitted by Tyler Durden on 11/12/2015 13:20 -0500Washington’s capacity to foster crony capitalist larceny and corruption never ceases to amaze. But as we recently noted, Wall Street’s shameless thievery from US taxpayers is about to get a whole new definition.


