For the second day in a row US equity futures rebounded from an overnight rout that dragged spoos as low as 3,730 as investors kept a worried eye on US TSY yields […]
Futures Bounce After BOJ Jawbone; Traders Remain On Edge Ahead Of Payrolls
ZH: The Fed Will Need More Than Words To Keep The Bubble Inflated
Bond yields spiked. The stock market threw a tantrum. Reuters analyst Dhara Ranasinghe called it “a tussle over borrowing costs.” The Fed won round 1, thanks to a little help from the Aussies. But even […]
Will Powell Spook Stocks (& Bonds) In Today’s Speech?
Powell was not concerned by higher yields early last week but he may change his tune on 4 March Brainard has already admitted that more recent price action has caught her attention […]
Futures Tumble As Market Increasingly Susceptible To Gamma “Sucker Punch”
Ahead of today’s very disappointing ADP print, which badly missed expectations of 200K by nearly half, coming at just 117K, the whisper number was far higher, somewhere in the 300-400K range (to […]
Market Rollercoaster Continues As Global Markets Rebound From Tuesday Rout
Once again market sentiment has reversed violently – or rather the opposite – overnight, with yesterday’s late day spoo slump inspired by the short squeeze in Rocket Mortgage – which forced hedge […]
Rabobank: There Are Only Three Ways That This All Ends
As posited yesterday morning, Monday indeed proved that Friday’s market price-action had been about end-of-month short covering in bonds, rather than a sudden market recognition that major central banks are ahead of the […]
Futures Spooked After China Says “Very Worried” About Bubbles In US, European Markets
Lately not a session seems to pass without some “exciting”, unexpected event forcing momentum to reverse course, and sure enough following the best day for US stocks since June, overnight futures dropped […]
For Bonds, This Is Now The Second Worst Bear Market In 40 Years
Last December, we predicted that the US was heading for a “titanic taper tantrum” in 2021, to an extent as a result of a sharp drop in bond demand as a result of reduced […]
“Calm Returns”, Futures Rebound As Yields Drop After Historic Pounding
Global bond yields slid on Friday following Thursday’s epic meltdown as markets returned to firmer footing at the end of a week that saw the biggest decline in the Nasdaq 100 since […]
Will “Go Crazy” Drive The Bear Out Of Hibernation?
The economy will “go crazy” this summer. There is not a day that goes by in which we do not hear an economic forecast with an extreme optimism based on pent-up demand. The […]
