Category Archives: Equities

Buckled Up For Structured Criticality

We’re baaaccck!. We warned in our last post before leaving on holiday, “Look for some large sigma event, which is always the case when we are off the desk.”    How about a vol spike caused by worries over a … Continue reading

Posted in Algos, Equities, Uncategorized | Tagged , | 10 Comments

No Worries: Vol Not Priced For Budget Ceiling

Do the markets price risk anymore?   That it is always inevitable when the world is awash with central bank based liquidity is not a surprise. We do see the VIX creeping back over 10 after trading with 8 handle for … Continue reading

Posted in Equities, Fiscal Policy, Uncategorized | Tagged , , | 6 Comments

TOTD: Today’s Rare Market Feat

This would be the 4th time in 20 years that stocks, bonds and gold all up by > 0.25% on the Fed Chair’s semi-annual testimony.  – Sentimen Trader (TOTD = Table of the Day)

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Political Scandal Makes Pakistan EM Odd Man Out

The political scandal rocking Pakistan, where a Supreme Court investigation found evidence of possible corruption against Prime Minister Nawaz Sharif,  has taken the Karachi Stock Exchange down 17.69 percent from its May high, returning almost -10 percent for the year.   This … Continue reading

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Global Stock Markets Monthly Comovements

Interesting data table we put together on how the global stock indices move together on a monthly basis.  They’re ranked according to their monthly movement with S&P500.   That is the monthly return on each index has the same sign – … Continue reading

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TOTD: Global Bear Market Checklist

Coutesy of Citibank.    Not yet. (TOTD = Table of the Day)

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2017 First Half Key Takeaways

Bonds  Big outperformance by local emerging markets and Euro periphery in first half.  Last week was pivotal as some bonds gave back almost entire year due to ECB hawkishness.  Watch this space.  More big moves here will determine asset trading … Continue reading

Posted in Bonds, Commodities, Currency, Equities, Uncategorized | Tagged , , , , | 9 Comments

Volatility Returns (to the NASDAQ)

At around 2 pm (New York) Friday, we see the Nasty (NASDAQ 100 futures) trading down over 3 percent and the Dow and S&P500 relatively flat.  The FANG stocks, including Apple, were getting shellacked I recall a few weeks ago … Continue reading

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Will The Algos Crush The Shorts Once Again?

If there is one thing we have learned over the past few years,  “the algos will find you out”.   Add to that,  always bet against the fast money crowd. According to Bloomberg, the shorts have been upping their positions … Continue reading

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Talking ’bout Mexico – JT

So King David at thinkinthemorning.com sends over an article showing U.S. stocks with revenue exposure to Mexico.   Starts us thinking about who is smarter,  equity traders or currency traders,  who follows who,  or who is fooled by randomness? . … Continue reading

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