Circuit Breakers

One Trader Urges "Extreme Caution"

"As to the central bank put, it’s true--in the big picture of things. They are paying close attention to price action, but their reaction function to step in isn’t as hair trigger. How many times do they have to signal that change?..."

CME Unveils Bitcoin Futures Circuit Breakers

Bitcoin trading limits would kick in when the price of its bitcoin futures move 7%, 13% or 20% up or down from the previous day’s closing price. The first two thresholds, for 7% and 13% moves, are for “soft” limits, which trigger a two-minute pause in trading of bitcoin futures. The 20% limit would be a “hard” stop on how far CME’s bitcoin futures could swing on any day.

The Global "Bubble Arms Race" Has Ushered In The Age Of Government Strongmen

"It’s all quite unsettling. Global finance has run completely amok. This has been unfolding for so long now that few are concerned... It has reached the point where these Bubbles have become part and parcel to global power, with countries not willing to risk being left behind. It’s as if it has become An Arms Race in Bubbles."

Frontrunning: September 26

  • Demise of Obamacare Repeal Shows How Far GOP Remains From Goal (BBG)
  • Republican’s Latest Tax Plan Has Little Room to Maneuver (WSJ)
  • Mexico in three-day countdown to search for earthquake survivors (Reuters)
  • Oil near 26-month high as Turkey threatens to choke Kurdish exports (Reuters)
  • North Korea bolsters defenses after flight by U.S. bombers as rhetoric escalates (Reuters)