Liquidity in the "most liquid equity futures contract in the world" has evaporated.
Less than a month ago, Goldman Sachs presciently published a note research report "VIX ETPs are now net short vega - should we worry"...
President Donald Trump has repeatedly touted the strong stock market performance since his election victory as proof of his success.
Last July, Morgan Stanley's Chris Metli, executive director of the bank's institutional equity division, wrote an article - posted here - looking at what would happen "if the VIX goes bananas" which previewed yesterday's results with eerie accuracy.
After it was halted for trading earlier in the day, which many saw as a harbinger of imminent termination - moments ago Credit Suisse confirmed retail vol sellers' worst fears when it announced that it would indeed be "accelerating" the XIV ETN, i.e.
In a double whammy of panic about the fate of the artificial "wealth effect" created thanks to $20 trillion in central bank liquidity, officials at both the White House and Europe's largest hedge fund expressed concerns about the market rout that saw
It's not just Credit Suisse that has an ETN problem, Horizons (Canada) has halted trading and suspended redemptions in its Inverse VIX ETF citing "extreme volatility in VIX- futures market." Price for the ETF has collapsed in the last few days...
Yesterday, in a moment of humiliation for the entire alternative asset management industry, the websites of the largest US roboadvisors were down, blocking traders from accessing their trading accounts during the worst market rout in history.
Some apt observations on the morning after the biggest VIX move in history (in percentage terms) by Bloomberg macro commentator and former Lehman trader, Mark Cudmore, who has certainly been here before.
By now it is clear that we are in the throes of a historic market sell off. Money is flying off the table at a record-breaking pace and it's affecting everything from stocks to bonds to commodities to cryptos.
There's More Pain to Come for Global Equity Markets: Macro View There's been a rapid deterioration in market fundamentals and that means that, even at these much lower prices, global stocks don't look attractive yet.
The chairman will testify on Tuesday morning. On Tuesday morning Securities and Exchange Commission (SEC) chairman Jay Clayton will testify before congress on the regulatory future of Bitcoin and other digital coins, intensifying the world's focus
Alex Jones and the Health Ranger sound the alarm for America...(Natural News) When it comes to big moves in the stock market, there are no coincidences. Following President Trump's approval for the release of the damning FISA memo that proves Hilla
Today's market turmoil has left more questions than answers.
Today, the Dow Jones suffered (including the plunge after hours) its biggest point crash in history, turning negative for the year, which for a president who takes particular delight in every uptick in the market, was terrible news.
The mainstream media seems so surprised that the stock market is crashing, but the truth is that it isn't a surprise at all.
Remember when last week JPM's head quant Marko Kolanovic said there is little risk of the quants puking?
"There are two bubbles: We have a stock market bubble, and we have a bond market bubble" – Alan Greenspan January 31, 2018
Stocks, Futures Plunge Amid Soaring Yields
Google parent Alphabet missed earnings expectations and tumbled over 5% after hours.
Last October, the financial world was caught by surprise when it emerged that Ray Dalio's Bridgewater, traditionally bullish, had amassed a sizable $713 million short against Italian financial stocks, its biggest disclosed bearish bet in Europe.
If Deutsche Bank is right, the DJIA will lose one of its original "Industrial" founding members, which has been in the index since 1907.
Dow leader Boeing jumped 5%, set for a new all time high with a market cap north of $200 billion, after reporting earnings that blew away expectations, bolstered by surging deliveries of the 737, the planemaker's biggest profit-center, and an unexp
DOW JONES INDU AVERAGE NDX
The savings rate is at a 12-year low. Revolving credit is at a record high and the stock ownership rate has plunged.
It s safe to say that one of the most popular, and important, charts of 2017, was the one showing the ongoing and projected decline across central bank assets, which from a record expansion of over $2 trillion in early 2017 is expected to turn negati
The impending economic collapse is hidden from most. People only see a rising stock market, not the negative underlying factors that will cause the whole system to crash. – Peter Schiff
Aside from a slew of US economic data, including GDP and durable goods, today's key event will be Donald Trump's address at Davos at 8am EST, where attention will focus on the president's take on trade and currency "conflicts." Ahead of his main spee
While CEOs trot out the usual 'buy stocks coz things are gonna be awesome' narrative during their on-camera blurbs at Davos, behind the scenes, the sentiment is considerably worse...
Precious Metals Surge Amid Dollar's Worst Start In 30 Years