Citigroup

"Someone Is Wrong" - Why The Quant War Means Vol Is Set To Soar

"No matter what happens, there’s going to be volatility, because someone is wrong,” said Mark Connors, Credit Suisse’s global head of risk advisory in New York. “Even though we won’t have rate resolution, we will have the look of Congress and there will be some position changes given the positioning is very disparate -- very long and very short. That’s unstable."

Waking Up In Hillary Clinton's America

With less than two weeks to go before E-day -- despite the Trumptilian upheaval of the last year -- the high probability of a Clinton win means the establishment remains intact. When we awaken on November 9th, it will undoubtedly be dawn in Hillary Clinton’s America and that potentially means four years of an economic dystopia that will (as would Donald Trump’s version of the same) leave many Americans rightfully anxious about their economic futures.

Love Him Or Hate Him: Trump Is The Revolution Against The Establishment

Whenever people are forced by the government to accept and pay for things they do not want, the outcome is discontent and opposition, typically suppressed and downplayed by the mainstream media in accordance with the state’s agenda of political correctness. Trump stands for everyone who is sick and tired of the current system and the political elite who have grown out of touch with ordinary American citizens... they are the American version of the European anti-establishment movement.

Bitcoin Soars As China Launches Crackdown On Wealth-Management Products

The most recent burst in bitcoin activity, which sent it surging by over $20 overnight, has little to do with any moves in the official Chinese currency, which recently rebounded modestly tracking the recent dip in the dollar, and is likely attributable to a long overdue crackdown on China's Wealth-management products, a key component of China’s "shadow banking" system.

The Chinese Buyers Are Back: China Oceanwide Acquires Genworth For $2.7 Billion

China Oceanwide Holdings, a Chinese financial conglomerate, agreed to buy US insurer Genworth Financial for $2.7 billion in cash, a 4% premium to closing, and pledging to help the U.S. firm manage its debt and strengthen life insurance units after it was hurt by higher-than-expected losses tied to long-term care coverage.

ECB Preview: What Wall Street Thinks Mario Draghi Will Say Tomorrow

While expectations are low from Thursday's ECB meeting,  it may ultimately boil down to Draghi’s communication about asset purchases. Any hint of QE tapering would spur a large-scale sell-off in the rates market, according to most Wall Street strategists. Here is what else the sellside thinks will happen.

Global Stocks, Futures Jump On Strong China Inflation; Oil Rises Above $51

One day after a slump in Chinese trade sparked a global market selloff on concerns the world's second biggest economy had once again hit a downward inflection point, overnight China surprised once again, this time to the upside when the latest inflationary data printed hotter than expected, sending European and Asian stocks higher and pushing the yen lower after China’s producer price index rose for the first time since March 2012.