SocGen: “Investors Are Increasingly Worried About Losing Money On Bonds And Equities At The Same Time”

When we commented yesterday on the question du jour, namely at what yield on the 10Y Treasury will stocks get hammered, especially with both the dollar and oil surging, we referenced a recent piece by Goldman’s Ian Wright according to which the answer whether equities…

Why Higher Oil Results In Higher Yields: A Surprise Explanation From JPMorgan

When one considers the relationship between crude oil prices and 10Y yields, conventional wisdom traditionally looks at the correlation between 10Y Breakevens – i.e., the inflation expectation component of interest rates while when combined with real rates make up nominal 10Y yields – and the…

Why The Soaring Dollar Will Lead To An “Explosive” Market Repricing: A Flow Chart

Something curious took place one month ago when the PBOC announced on April 17 that it would cut the reserve requirement ratio (RRR) by 1% to ease financial conditions: it broke what until then had been a rangebound market for both the US Dollar and…

Surgery Conference Cuts Intersex Patients Out

This weekend when urologists from around the world gather in San Francisco for the American Urological Association’s (AUA) annual conference, dozens of patient advocates will participate – yet a key group of people will be missing. The intersex community – the nearly 1.7 percent of…

This Is How The “Oil Price Shock” Will Hurt The US Economy

One month ago, when looking at the sharp spike in oil and gasoline prices (which at the time averaged $2.73), we said that the surge in energy costs  – largely the result of geopolitical risk emanating from Iran for which Trump was been responsible –…

The “World’s Most Bearish Hedge Fund Manager” Makes A Major Change To His Portfolio

Last March, after the worst year in Horseman Capital’s history when the fund lost -24% of its AUM, on par with its performance in 2009, fund CIO Russell Clark capitulated on what until then was the world’s most bearish portfolio, sending its net exposure from…

Wells Fargo Employees Caught Improperly Altering Business Customers’ Docs

Just when you thought that after the last criminal offense by Wells Fargo (which as a reminder was pushing customers into higher-fee retirement accounts), surely there was no way Warren Buffett’s favorite criminal organization would be caught again engaging in some even more bizarre criminal…