“We Just Saw A Record Unwind Of Levered Hedge Fund Trades”

Yesterday, just before the selling accelerated in earnest, we warned that CTAs and other systematic, trend-following funds had finally joined the selling, as models that track equity trends flipped to a short signal. It wasn’t just the model-driven funds that were dumping however. According to…

Stocks Tumble On “Terrible Trio” Of China Crash, Rate Rout, And Italian Standoff

It’s been a painful start to the week for global markets as a wave of selling started in Asia and spread rapidly across the globe on what analysts have dubbed a “terrible trio” of crashing Chinese stocks, surging yields and fears about Italy’s standoff with…

Private Equity Is Turning Into “Musical Chairs” As Secondary LBOs Skyrocket

The concept of private equity firms buying and selling companies to and from one another has become far more pronounced over the last decade. Increasingly, PE firms find themselves passing around the same company multiple times, tacking on leverage in the process while often paying…

‘Sell Everything’? Stocks, Bonds, Dollar Slide As New Tariffs Loom

A sea of red… After China’s slump to 2014 lows, US markets are seeing selling pressure everywhere with bond prices down (10Y yields above 3.00%), the dollar sinking, and US stocks are all lower (led by tech and Nasdaq) Led by FANG stocks…especially Amazon –…

Italy’s Populist Leaders Challenge Brussels, Vow Much More Spending

After an initial burst of panic selling in May, Italian bond yields have continued to drift higher – the yield on the Italian 10Y is now well above the May highs – as the coalition government’s fiscal plans and expensive election promises have remained a…

Model-Turned-Escort Auctioning Off Virginity To “Buy House For Mum” 

A 23-year-old, 5’9″ 110 lb. model from Azerbaijan is selling her virginity online in the hopes of buying a house for her mother and traveling the world.  Mahbuba “Maria” Mammadzada – one of Azerbaijan’s most successful models currently living in Turkey, wants to make her mother “proud”…

California Introduces Bill To Ban Soda From Kids’ Menus

The California legislature passed a bill last week banning restaurants from selling soda with kids’ meals and instead requires them to offer a healthier alternative including milk, water, and or 100% juice. But, the customer of the meal can purchase an extra soda for the child, thus…

Gartman: “We Are Concerned About The Demise of the FANGs”

Having correctly predicted that deluge of selling by Mark Zuckerberg ahead of Facebook’s dismal results, which he said was a flashing red warning sign, Dennis Gartman is back this morning with a new warning. Whereas he recently noted that the Dow may break out to…

Russia Set To Double Gold Mining, Becoming World’s 2nd Biggest Gold Producer

While Moscow’s selling of US Treasurys over the past 6 years is hardly a surprise to anyone… … Putin’s far more aggressive purchases of gold in recent years, with Russian reserves now in their 39th consecutive month of additions, have certainly raised a few eyebrows:…