A few days ago we pointed out that one of the event risks in a sliding market is distressed M&A in which cash-rich buyers scoop up beaten down assets, and of which we have already seen two examples:
While traders are mostly focused on what the Fed will say about the coming rate liftoff, with markets today expecting just over 4 rate hikes by the end of 2022...
In perhaps the best post-mortem of yesterday's insanity, Morgan Stanley Quantitative And Derivatives Trading Desk (QDS) writes that yesterday intraday volatility was absolutely extraordinary with record cash volume of $1.16tr.
Legendary investor and adventure capitalist Jim Rogers joins Dave Russell of GoldCore TV to discuss the next bear market, China's decline, and his top investments. Watch the full episode to learn more.
On January 2 I stated:
"the party is rapidly coming to an end and the Fed will want to curb inflation without causing a recession which will be a real task. How to accomplish it?
Looking at Microsoft's earnings reported moments after the close, which beat from the top to the bottom line, and one would think that the stock is soaring after hours.
By now, anyone with half an inkling of curiosity about why prices and values don't add up has traced the divide back to the money itself. It's not hard to see.
With Morgan Stanley joining Goldman and calling for $100 oil, and Bank of America's commodity strategist Francisco Blanch one-upping both, and today laying out the case for $120 oil...
Today's market was brought to you by the number 1.90 (the exact reversal point of the 10Y Yield), and the words "sell the f**king rip" and "I love goooold..."
One trading day after JPM reported disappointing earnings and its stock suffered the biggest post-earnings drop in a decade, moments ago Goldman joined it in the penalty box with its shares tumbling as much as 3.1% in premarket trading Tuesday after
While most analysts and traders were digging through Goldman's disappointing Q4 earnings report which missed on EPS and trading revenue, and focusing on the investment banking and markets (i.e., commission-based flow trading ) results as well as the
After October's ugliness, and before the carnage began in December, November saw US Treasury yields oscillate with the last week seeing rates plunge on Omicron anxiety.
"At our updated demand and supply elasticities, we model this rebalancing will require long-dated prices rising to $90/bbl, bringing our Brent spot forecast to$105/bbl in 2023 (with 2022 at $96/bbl)."
The most dangerous Big-Government Qango of all may well be the Central Banks (not the NIH). Money drives all the incentives across national economies, but one small unelected group decides the price of money, and all corruption flows downstream from