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."
What traders refer to as the “liquidity smile” formed by the pattern of trading volumes has recently become more pronounced and turned it into a “liquidity smirk” due to the lopsided importance of the 3.30-4pm trading window.
Following the arrest (and imprisonment on treason charges over a contract dispute with PDVSA) of two of its workers, Reuters reports, citing four people familiar, that Chevron has evacuated executives from Venezuela.
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."
No obvious catalyst for the big drop this morning - aside from perhaps Chinese police seizing mining equipment in Tianjin - but Bitcoin Cash is plunging and Bitcoin is back below $9,000 as the entire crypto space is getting hit...
WTI/RBOB prices have gone nowhere since API reported a surprise crude build, but after last week's across the board inventory draws, DOE reported surprise builds in crude and gasoline inventories and production hit a new record high, sending prices lower.
Twitter stock price has tumbled into the red - after being up over 13% pre-market... as comments on the call that second half comps may keep stock "in check" sounded a lot like CAT's "high water mark" warning.
It appears investors are losing faith in the 'follow-the-leader' strategy, as the iShares Edge MSCI USA Momentum Factor ETF lost almost $500 million, the biggest withdrawal since the fund's inception...