In the third quarter of 2019, one in which the global economy continued to cycle lower, global central banks across the world continued to slash interest rates and launched/expanded quantitative easing programs with very little success at troughing g
In a poker game, the rake is the cut that the casino dealer takes out of every pot. It's usually a couple of dollars per hand … barely noticeable, certainly not noticeable to a casual poker player like me.
I'm intrigued by recent moves in CLOs – Collateralised Loan Obligations. They have been one of the strongest performing sectors of the bond markets for many years.
Beta-driven Fantasy
The decade long bull market run, aside from making everyone ridiculously rich, has opened up a new array of competencies. The proliferation of ETFs, for instance, has precipitated a heyday for the ETF Analyst. So, too, blind fait
After years of teasing, the moment has finally arrived: Saudi Arabian Crown Prince Mohammed bin Salman (hereinafter dubbed "MbS" or "the Clown Prince") has announced the Saudi government's intention to float a stake in Saudi Aramco.
Emboldened by Tesla's stock rising nearly 100% off its 52 week lows (and who knows what else), Elon Musk took to Twitter at about midnight Pacific Time to once again taunt short Tesla short sellers. This time it was Greenlight's David Einhorn that dr
The stock market keeps hitting new highs and employment reports continue to look good. President Trump and central bankers at the Fed like to point to this and tell us that the economy is doing good.
After Tesla stock soared following its unexpectedly, inexplicably strong Q3 earnings, spiking as much as $80/share in late October amid a violent short squeeze which pared the company's year-to-date slide, even some of the most hardened Tesla shorts
Confirming an earlier rumor from Reuters, moments ago Fitbit announced that it has agreed to be acquired by Google for $7.35 per share in cash, valuing the company at approximately $2.1 billion.
While the assumption is that Fed officials (having passed on the opportunity to lean against dovish market expectations) would not shock the market and vote to keep rates unchanged (96% odds and Fed has never surprised at that level), that's precisel
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