markets
"With growth slowing and financial conditions still very tight, the market has been on look-out for what might break..."
...this incident is the suspect's ninth arrest in nine months.
As a result, she's refusing the sign the citation...
$31BN of (unadjusted) deposit outflows magically morphed into $62BN of deposit inflows in the last two weeks...
...this hasn't happened since the DotCom bubble popped...
...valuation and positioning have been very demanding, the seasonals are tricky and the past few weeks illustrate how small the margin for error is right now...
"It is the first quarter in history that domestic vendors dominate all the top five positions.
..."vol stress" hit a ~2 year high last night.
If the last two bear markets haven’t taught you this by now, I am unsure what will... Maybe the third time will be the “charm.”
And what makes this bubble particularly risky is that it exists at the sovereign debt/currency level...
The Los Angeles grand jury indictment alleges Left used his reputation to manipulate stock prices, closing positions quickly after his public statements caused desired price movements.
“Everything AI has been sold off. Some of it is definitely justified, but for some stocks there may be opportunities for the longer term investor.”
- European bourses are mostly higher as sentiment improves after the prior day’s hefty selling pressure; US futures entirely in the green, with clear outperformance in the RTY
- Dollar is flat ahead of today’s US PCE, safe havens lag whilst the Antipodeans gain in a slight reversal from price action this week
- USTs are rangebound, EGBs softer with European specifics-light
- Crude is incrementally softer and just off best levels, XAU gains alongside base metals
- Looking ahead, US
...this hasn't happened since the peak of the DotCom bubble...
Is the selling finally over?