Citigroup

The Cost Of Delusion - Asset Prices & Monetary Policy In An Irrational World

"The lesson for investors is that much of the picture presented today in prices for various assets classes is an illusion foisted upon us all by reckless central bankers. Yellen and her colleagues seem to think that they can spin straw into gold by manipulating markets and asset prices..."

JPMorgan, Citi Just Boosted Their Loan Loss Reserves By The Most In 4 Years

JPMorgan and Citigroup just boosted their consumer-loan loss reserves by the most in four years. Both lenders set aside money in the third quarter because they expected write-offs for credit-card lending to climb in periods ahead, with Citigroup saying "the increase is coming faster than it had anticipated."

Global Stocks Hit New Record High, Dollar Mixed After Dovish Fed

In a trend observed every day this week, S&P futures are slightly in the red ahead of a post-open ramp with the VIX rising to 9.91, as Asian shares climb, European stocks are little changed. WTI crude pares recent gains, slipping below $51 after API showed an unexpected crude build.

3 Uncommon Signs That An Economic Collapse Could Happen Soon

As stocks continue to climb and the U.S. economy sustains its third longest period of expansion in history, market forecasters are seeking clues for when our next crisis may strike. So far, three uncommon signals have them worried.

Active Bond Traders Have Never Been More Short Treasurys: Is A Squeeze Imminent?

According to the latest JPMorgan survey, bond trader clients have soured dramatically on Treasuries, with 44% going short relative to their benchmark. That’s the most since 2006 and up from 30% in the prior period. Meanwhile, among those who actively place bets, such as speculative accounts, a record 70 percent were short.

Howard Marks Warns "Nobody Knows What Will Happen"

"Maybe that’s what people are thinking in today’s stock market: 'It will continue to go up, but I will get out in time'... People overestimate their ability to get out in time. Who will be there to buy when everyone wants to sell? That’s wishful thinking."

Kass Warns: "The Scent Of Group Stink Is As Strong As In 2000 & 2007"

Golfer Tom Watson once wrote, “Sometimes thinking too much can destroy your momentum.” And most investors and traders, in a reactionary mode, seem to prefer to adopt such a strategy. But, I vividly remember the positive and incessant price momentum in early 2000 and late 2007 that appeared impossible to divert until, all at once, an important change in price trend occurred, seemingly overnight. The market consequences were ugly.