Trader: The US Has A "Grotesque" Debt Problem

Leverage in the U.S. is grotesque for this stage of the cycle. At the moment you’ve got peak leverage at peak prices. It’s not like you have to dig deep to find a problem.”

  • Apr 25, 2018 5:25 PM
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Debt-Enabled Asset-Bubbles Are On A Crash With Demographics

"Twenty years of central bank and government-enabled debt-driven asset bubbles, have broken long-standing laws of financial and social equilibrium.  A secular global repricing cycle is necessary to break the impasse and reboot the system.  The status quo is unraveling, as it must."

  • Apr 25, 2018 5:05 PM
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"It's 2-Year Yields, Not 10-Years, We Worry About Most"

Two-year Treasuries offer reasonable returns for the first time in a decade. Tied as they are to Federal Reserve policy, they will only stop rising once markets feel they have the central bank’s intentions fully baked into bond prices.

  • Apr 25, 2018 2:57 PM
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Nowhere To Hide

The rising popularity of passive investing will play a role in making it more likely that correlations between asset classes and sectors will behave differently in the next downturn than they have in the past.

  • Apr 25, 2018 2:36 PM
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With Nobody Looking, The ECB Quietly Launched A Stealth Taper

The ECB's CSPP pace has fallen sharply over the last four weeks Is this a signal that a new CSPP regime has started in Q2, three months earlier than we expected? According to DB, "the ECB may well have decided to slow down corporate purchases in Q2 already in order to wean the market off the addictive effects of the CSPP."

  • Apr 25, 2018 2:15 PM
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NYSE Suspends Trading Of Amazon, Alphabet For Rest Of Day

Reuters reports that The New York Stock Exchange says trading suspended in Amazon (AMZN), Booking Holdings (BKNG), Alphabet (GOOGL) and Zion Oil & Gas (ZNWAA) for the rest of the trading day due to a "price scale code issue."

  • Apr 25, 2018 12:44 PM
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