Meet Tesla’s New Bondholder: Billionaire George Soros

Amid Elon Musk’s darkest hour in late March – as his stocks and bonds tumbled in price – it seems there was at least one other billionaire willing to buy the ‘blood on the street’. According to the latest 13Fs, George Soros’ investment firm took…

Futures Flat After Barrage Of Overnight News; CPI Looms

US futures are flat, and European stocks are little changed after their longest winning streak since mid-March following a barrage of overnight news, including a dramatic escalation in fighting between Israel and Syria/Iran, a shocking election victory in Malaysia where opposition leader Mahathir Mohamad ended…

Nomura: Markets Are Jumping Due To A Violent Squeeze And An Inflationary “Force-In”

In trying to explain today surprising breakout in stocks, some suggested that the catalyst was a VIX triangle formation breakdown shortly after 12pm, when in a rather abrupt move lower, the VIX broke below 14, and below the base of the triangle in which it…

Nervous Markets Slide Ahead Of Trump’s Iran Announcement, EMs Roiled As Dollar Surge Continues

U.S. futures and European stocks are modestly lower, following a mostly green Asian session, amid growing jitters over today’s 2pm announcement by President Trump in which he will unveil the fate of the Iran nuclear deal. Ahead of Trump’s much anticipated announcement this afternoon, it…

Emerging Markets On Edge As Dollar Surge Resumes; Oil Hits 3 Year High

Global stocks and US equity futures are in the green, despite the dollar rebounding to session highs overnight, putting already nervous emerging markets on edge, while oil rising to a 3 year high above $70 is set to pressure corporate margins even more. In the…

Stocks Jump Into Green After “Pretty Positive” First Day Comments From China

Two little words was all it took to ramp stocks back into the green after they bounced off the 200DMA shortly after Europe closed. First thing this morning we said that “traders are on edge ahead of the US-China trade talks taking place today and…

Banks Bloodbath Into Red For 2018

“No brainer” bank stocks are being battered… All the big banks are now in the red for 2018… Maybe the Libor-OIS, credit/liquidity issues mattered after all… As The S&P 500 Financials sector drops to five-month lows… It seems a collapsing yield curve matters more than…

Crypto, Crude, & Credit Soar In April Amid Dollar, Bond Yield Explosion

For many investors in April… Earnings up, stocks down…   Stocks managed to cling to gains in April for the first time since January…   And while Stocks ended almost unchanged, VIX tumbled in April – erasing all of February’s spike… With VIX seeing its…

Stocks Spike As Confused Bank Admits “There Are No Real Headlines To Note”

Confused as to why stocks are soaring… along with the dollar… and bonds… join the gang as one confused bank trading desk admits “there are no real headlines to note” behind this price action…     EURUSD dived – which is odd since the ECB…