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We just witnessed a global collapse in asset prices the likes we haven't seen before. Not even in 2008 or 2000. All these prior beginnings of bear markets happened over time, relatively slowly at first, then accelerating to the downside.
While this week had many superlatives - like being the fastest collapse from peak to bear market ever, fastest credit spread decompression ever, biggest weekly jump in VIX ever, and largest 3-week decline in oil prices ever - one stands out as rather
The last two weeks have been unprecedented for any number of reasons - trading ranges, fund blow-ups, basis dislocations, correlation-one regime, no safe harbor - but aside from being the fastest collapse from a peak into bear market in US history..
The academic best known for coming up with the idea of the VIX - also know as Wall Street's fear gauge - says that the fear looming over the markets now is far greater than the fear we faced in 2008.
How often have you heard the stock market looks a year ahead of a recession?
On the first day of this week, which would soon mutate into the worst week for capital markets since the 2008 financial crisis, we warned that markets are about to go full tilt for the simple reason that "there is no liquidity",
It is becoming clearer and clearer that the utter carnage going on in global markets appears to be some massive fund force-liquidating as every asset-class is getting destroyed despite jawboning from The Fed (as well as massive liquidity injections),
-amid coronavirus meltdown
SPY - the S&P 500 ETF - is trading down 6.5% this morning, well below the 5% limit-down in futures...
Dow plunges 10% in Wall Street's worst trading day since 1987 despite Fed pumping $1.5 TRILLION into bond markets amid panic over Trump's European travel ban
Today the stench of a desperate liquidity scramble as The Dollar rallied while Stocks, Bonds, Bitcoin, Crude, and Gold were all dumped. The Fed ramped up its liquidity bailout facility to a stunning $175 billion per day and still the market kept col
At the start of January, when the market euphoria was at an all time high, the blow off top meltup was raging and an army of millennial Robinhood daytraders was about to be unleashed (only to be crucified at the end of February),
Europe Crashes By Most Ever
The surging demand for repo liquidity - and massively expanded bailout facility size by the New York Fed - suggests there is a major global scramble for USD funding, and today's price action in the archaic money markets exposes it has now reached ext
In a stunning report published this morning by BofA's Marc Cabana, the rates strategist warns that the US Treasury market is no longer functioning properly, and will "likely requires a rapid & large near-term policy response from the US Treasury or F
This is liquidation - system-wide...
Despite Lagarde's increase in liquidity - but no further rate cuts - European banks are a bloodbath, crashing to an all-time record low this morning...
It appears Trump did not offer enough detail and immediacy to appease the market's need for funds to stop the collapse.
How will the current debt binge end? What comes after Quantitative Easing?]
In this video, the guys go over the latest financial news and how junk bonds tied to energy companies may be the catalyst for a major financial crisis.
So, are you feeling optimistic about the global economy now? Yeah, neither am I. Here's why: Record-breaking point drops followed by record-breaking point gains followed by yet more dramatic downswings are not the sign of a healthy and happy market
"We can see the panic in the equity market," said Jerry Braakman, chief investment officer of First American Trust. "The big question for most people is, are we at the bottom yet? I think we're only about halfway there."
For millions of Americans, especially those on the cusp of retirement, this selloff has been a nightmare, but for humble Omaha billionaire Warren Buffett, it is undoubtedly a dream come true.
With an historic 2000 point drop in the Dow Jones Industrials on Monday in response to Saudi Arabia and Russia declaring an oil price war on, well, everyone it's clear that one of the two 'flations, deflation, has won out.
The last time Treasury Secretary Steven Mnuchin had a phone call with the President's Working Group on Financial Markets...
A disappointing lack of detail -despite promises of unlimited spending - appears to have upset the market's vibe from a day of panic-buying to very technical level of resistance.
It is certainly safe to say it has been a day of low-conviction trading.
After futures soared limit up, rising 5%, or over 180 points, from Monday's close after Trump previewed that a "major" stimulus plan is in the works, including a payroll tax cut and other stimulus measures to mitigate economic damage from the coronav
Yesterday, when showing the sudden spike in the FRA/OIS spread - a key gauge of banking-sector risk which measures dollar shortages - we warned that liquidity in the market is virtually nil quoting a host of traders who confirmed that it was next to
The Dow Jones Industrial Average sank more than 2,000 points on Monday, its worst day since 2008, as fears about the spread of the new coronavirus and an oil price war sent investors scrambling out of stocks.
