Flows diverged between LOs (largest sell skew on the year) and HFs (largest buy skew on the year). Financials and Health Care saw the largest buy skews overall, while Tech finished with the largest sell skew (driven by LOs).
...several commodity analysts believe the markets are unduly discounting the risk of a full-blown war between Iran and Israel.
While CTAs may have some more left to sell, vol-control and risk parity may start dipping their toes back in and relevering to BTFD.
- European bourses trade mixed; Stateside futures are entirely in the green; US “Big 6” downgraded at UBS
- Dollar is flat, Antipodeans benefit from positive risk appetite, whilst safe-havens are modestly suffer
- Bonds are pressured and contained within a tight range
- Crude is subdued given the lack of geopolitical escalation over the weekend; XAU is softer and at session lows
- Looking ahead, BoC's Market Participants Survey, Comments from ECB’s Lagarde, Supply from the US, Earn
"California began experiencing a notable rise..."
Rejecting goodwill and cooperation directly before our eyes in favor of faceless security will lead to economic and national ruin.
Government debt levels have grown in most parts of the world since the 2008 financial crisis, and even more so after the COVID-19 pandemic...
Desperate To Do Whatever It Takes, Unlikely To Make Any Difference: A Dire Warning From Mario Draghi
"We are lacking a strategy for how to keep pace in an increasing cutthroat race for leadership in new technologies"
FBI tipped off to risky experiments, which were funded by the agency headed by Dr. Anthony Fauci.
Says “"insecure white boys writing history conveniently forget to mention it"...
Term-1 and Term-2 Obama usurped the ‘check and balance‘ within the system and weaponized the intelligence apparatus... Now, Term-3 Obama steps back in to continue the cover up and continue the weaponization.
...one estimate by analysts from the CIAput the embezzled funds at $400 million last year, at least... “although there will be no professional audit reports emerging from the Ukraine.”
"They're the parents, the agencies are the children. They're afraid of the agencies. That's not compatible with democracy."
China’s most-promising industries are facing a growing threat of trade restrictions from Western governments, blurring the outlook for stocks that have the potential to fuel the nation’s market growth.
San Rafael’s “Camp Integrity” has grown significantly over the past year with tents and other structures, and the accompanying drug use, sanitation problems, physical violence...
An appeals court issued a ruling on the matter Wednesday.
Interest expenses as a share of GDP globally will rise from 2.5% to 3.5% on average by the end of the decade.
“Genuinely what economy are we all f–king living in that it costs 7 dollars to buy an apple?"