A mystery trader bought 16,000 January 2,980 S&P puts, spending $32 million to protect against a 4.5% drop in the index at 9:44am this morning, just before the Markit manufacturing PMI printed on Monday.
...since the US signaled, through its effective withdrawal from Syria, that it has little interest in military actions in the Middle East, the door has been fully opened to China and Russia to advance their ambitions in the region.
The combination of a $840bn deterioration in bond demand and a $375bn decrease in bond supply leaves us with a net deterioration in the bond supply/demand balance of around $460bn in 2020.
Out of the 9 products Tesla has announced and sells, it only actively makes 3 of them while the other 6 products they sell are vaporware, i.e., products that do not exist...
Artificially low interest rates are hollowing out the productive capacity of the economy. The price of stocks and bonds may remain exalted, but this is not a sign of economic health...
"Global GDP sagged dramatically last year as stocks melted down. Since then, activity has stayed depressed even as equities rebounded. This behavior is at odds with past episodes"
As COP25 kicks off in Madrid, S&P Global Platts editors take a look at the CO2 impact from OPEC oil production, European gas and nuclear, and IMO 2020’s impact on commodities as diverse as fuel oil and iron ore...
"The last 10-years were largely about denial of rationality by piling on risk in what looked to be risk-off markets, holding your nerve in the face of improbable market gains, all of which required a long-term suspension of disbelief."
"Some caution is needed, as these improved survey numbers merely translate into very subdued growth in comparable official gauges of manufacturing production and factory payrolls..."
While the period after Thanksgiving is traditionally when trading desks wind down for the year, there is still economic data to digest with this first week of December hosting a number of critical events that will set the agenda for markets running up to Christmas.
