"a few large hedge funds understood this and have added fuel to the fire by pushing implied higher and higher and putting further pressure on the likes of Citadel and Goldman."
The real world has been severed from the minds and wallets of the elites for some time, at least since 2008, and arguably since Reagan in the early 1980s...
"While the overall outlook among contacts was modestly optimistic, a few Districts noted some pessimism. Continued uncertainty and volatility related to the pandemic was a theme echoed across the country."
For example, in the run-up to the war there would have been much op-ed tut-tutting about the slide into protectionism, and into currency wars, and the risk of a slide into socialism in the West – just as there is today about the same things.
...margin debt is the "gasoline" which drives markets higher as the leverage provides for the additional purchasing power of assets. However, "leverage" also works in reverse...
In his advisory role, Jordan is expected to offer DraftKings advice on strategy, product development and - most importantly - "diversity, equity and belonging"...
When rigging and manipulating stocks or markets, one usually allows for the occasional down day to avoid the impression of too much artificiality. Not here though.
The sharp drop in operating profits in 2020 mirrors the decline of 2008. But the mix of profits is markedly different, with the bulk of the decline centered in non-financial industries...
Australia avoided recessions during the 1997 Asian Financial Crisis, the Dot Com Bubble and the 2008 global financial crisis. It couldn't escape the global coronavirus pandemic.
