Derisking

These Are The 10 Most Crowded Long And Short Trades According To UBS

According to UBS, these are the Top 10 most crowded long and short trades, and not surprisingly, it's all tech among the top 5 longs, which include Google, Alibaba, Amazon (a jump from 8th spot as of the last ranking), Facebook and Visa (with AAPL in the 6th spot), while on the short side one name stands out: Tesla in the perennial top slot

RBC: "We Are Seeing A Complete Breakdown In The Model"

"...the current (ongoing) breakdown in the USD is representative / driving some short-term and nascent deleveraging of legacy ‘reflation’ trades as per the sudden-death of the central bank "policy divergence" story last week - which had been the primary Dollar bull-case driver over the past year..."

Deutsche Warns Global Economy About To Roll Over, Says "Sell"

"Global macro surprises have only been higher 5% of the time, typically roll over from these elevated levels and have shown first signs of softening. We believe global macro momentum is likely to roll over from current elevated levels. Lower macro surprises would be consistent with a tactical pull-back for equities."

VIX Jumps, Stocks Dump As Trump Fails To Discuss Stimulus

Drug stocks, Boeing, Lockheed, and automakers under pressure but the whole market appears to be derisking as Donald Trump's press conference which so far has not had any discussion of a border tax, a stimulus, or anything else dollar positive which risk bulls had expected.

Contagion Concerns Slam Japanese Financials As Toshiba Crashes 50% In 3 Days

After two days of total carnage in Toshiba stocks, bonds, and credit risk, the bloodbath continues with the once-massive Japanese company is collapsing once again in early trading - now down 50% in 3 days. Following the semiconductor and nuclear business catastrophes, the company had nothing to add regarding today's crash but more worryingly the massive loss of market cap is spreading contagiously to Japanese financials with Sumi down 4%, and MUFG down almost 3%.