Last week saw the largest drop in aggregate Treasury short positions since Brexit. Ironicaly, while bond bears felt the squeeze, traders piled into Eurodollar shorts (increased rat..
Today in Rome, the EU celebrates its 60th anniversary. Leaders hailed the visionary "war generation" of leaders from old foes France and Germany who signed the Treaty of Rome in th..
It was a bumper day for John McCain when on Friday Donald Trump's Republican nemesis gloated as Trump's "art of the deal" collapsed in the last minute, after the President and Ryan..
With tail risk hedges (SKEW) at record highs, and normal risk hedges (VIX) beginning to rise, it appears anxiety over Trump-Trades is growing. We would expect SKEW to drop and VIX ..
Nearly half of all French voters have yet to decide who they want to be president with only a month to go until the election, an opinion poll showed on Friday, as scandal-hit conse..
Frontrunning: March 24
Overnight Media Digest WSJ - Theranos Inc plans to give additional shares to investors who pledge not to sue the battered blood-testing company or Elizabeth Holmes, its foun..
Authored by Paul Craig Roberts, Unable to provide an ounce of evidence that a Trump/Putin conspiracy stole the presidential election from Hillary Clinton, the corrupt US “intellige..
Gold Prices See Seventh Day Of Gains After Terrorist Attack In London – Gold prices higher seven days in row – best gains since Brexit – Gold spikes to three week h..
European and Asian stocks were modestly in the green, with U.S. futures higher, before a critical procedural vote on a Republican health-care bill to repeal Obamacare, while Janet ..
Authored by Axel Merk via Merk Investments, Two rate hikes since last year have weakened the dollar. Why is that, and what’s ahead for dollar, currencies & gold? And while we a..
Frontrunning: March 23
Overnight Media Digest WSJ - Four of Uber Technologies Inc's most prominent female officials sought to quell a storm of controversy with the promise of sweeping changes to t..
As the euphoria generated by the election of Donald Trump subsides, ebbing away like a strange and fantastic dream, the financial markets are coming to realize that the promises of..
As excerpeted from today's edition of Bill Blain’s Morning Porridge “Americans can always be counted upon to do the right thing.. after they have exhausted all other possibilities...
It's about time... What will today's damage do to Trumphoria and the hope trade? While many pointed to fears over Trumpcare votes (and delays to any tax/banking refor..
On Jan 11th, RBC's head of cross asset strategy Charlie McElligott wrote of "THE SINGLE-LARGEST MACRO INPUT RISK TO THE BUYSIDE," where he stated that the USD was the most importan..
This is the biggest drop for Bank stocks since Brexit, as investor concerns over Trump's reform agenda grow... Why? Because whereas the BTFDers have been willing to j..
European stocks are modestly in the green as gains in banks and oil companies offset declines in miners. Asian stocks and S&P futures rise with Emerging-market stocks extending..
Frontrunning: March 21
Overnight Media Digest WSJ - SoftBank Group Corp scrapped a planned $100 million investment in a smartphone startup founded by the creator of Google's Android software, part..
Tail-Risk Hedges Spike To Record High
While VIX declined last week, the cost of protecting against major market swings has spiked above its previous Brexit-vote-day peak, reaching a fresh all-time high. As a reminder, ..
Frontrunning: March 20
Overnight Media Digest WSJ - Uber Technologies Inc said a prominent retail executive it hired as president just six months ago is leaving, the most senior in a string of exe..
It appears that the long-awaited Article 50 trigger, officially beginning the Brexit process, will take place next Wednesday, March 29, because moments ago a Theresa May spokesman ..
FX traders had a slightly delayed reaction to news that UK PM Theresa May will trigger Article 50 next Wednesday but Cable is now sliding on the headlines. However, with speculativ..
FX Week Ahead
By Shant Movsesian and Raj Dhall MSTA, This week has not been one to savor for USD bulls, with the FOMC rate hike accompanied by a statement which failed to generate the fresh wave..