Russia’s Grand Strategy In Afro-Eurasia (And What Could Go Wrong)

Authored by Andrew Korybko via Oriental Review, Russia’s 21st-century grand strategy is all about becoming the supreme “balancing” force in Afro-Eurasia through the skillful diplomatic management of the hemisphere’s multiple conflicts, though the greatest danger to this vision comes not from the US’ Hybrid Wars,…

Hedge Funds Have Never Been More Bullish Oil, But The “Ghost Of 2008” Looms

In a time when traditional momentum-chasing strategies have busted out, and the best-performing strategy of 2018 has been a bet on trend reversal and against rising momentum as we showed on Friday… … countless CTAs, algos and 22-year-old traders who only know to buy when…

Saxo Bank: Reality-Check For The Euro Area Economy

Authored by Saxo Bank, Head of Macro Strategy, Christopher Dembik via TradingFloor.com, The rosy “strong euro area growth” narrative is done. As a result of a lower than expected ZEW index (-8.2 points in April versus 5.1 points in March), Citi Economic Surprise Index for…

Nomura: It’s 2017 All Over Again As X-Asset Vols Get Crushed; Here’s Why

From Charlie McElligott, Managing Director, cross-asset strategy at Nomura 2017 REDUX, AS ‘GROWTH SCARE’ IS OUT, FED NORMALIZATION IS RESUMED = RISK ON, VOL SMOKED Summary (more or less): 2017 all over again as cross-asset vols are crushed—why? Perception of “growth scare” evidenced over the…

Trader Warns – “Some Day” Is Not A Useful Investment Thesis

‘Hope’ is not a strategy (or a White House Comms Director anymore) and as former fund manager Richard Breslow points out today, wishful “one day we’ll get rich trading stocks” thinking is not a plan either. Via Bloomberg, “Someday” isn’t a useful investment thesis. “Some…

Europe To Retaliate With Tariffs On Harley, Bourbon & Blue Jeans; HOG Tumbles

While earlier Europe said that it would disclose its trade war retaliation strategy no sooner than March 5, moments ago Reuters floated its latest trial balloon reporting that the European Union is considering applying a 25% tariffs on roughly $3.5 billion of imports from the…