...possible that the combination of seasonal vol depression, further decorrelation, and a sharp drop in single stock vol occurs, and index realized vol drops into the single digits as a result...

After clearing a total value of more than USD 115bn in 2023, I discuss why Dubai and the DCCC are perfectly positioned to support the economic power migration

Chaos in the bean market. 

...despite concerns ranging from geopolitical risk to still inverted yield curves, slowing economic growth, high interest rates, and inflation... markets are flirting with all-time highs.

" It now seems this is a new form of attack on Tesla Superchargers..." 

 

Goldman's volatility panic index has collapsed over the past weeks.

Blame central banks for this perverse state of affairs, with their implicit backstop for markets...

White House assesses that the full-blown assault has yet to begin, however...

"I think everybody knows he is not the bookkeeper for his company..."

The quadrupled tariff aims to keep the excessive cheap Chinese EVs at bay and protect the US auto industry...

Biden's biggest threat to small businesses is still to come...

Not so shiny city upon a hill anymore

A long time ago on a trading floor far, far away I was asked for my simplest forecast for our future: I said in the best case, Star Trek --united mankind working together-- and in the worst case, Star Wars. And here we are....

... if his testimony Monday is any indication, reality is about to sink in for not just Cohen but the prosecutors and the court...

...and if not, will he explain why he is so desperate to start cutting rates (before November?)...

"I cannot justify staying silent any longer," says descendent of European Jews

Usually not a sign things are moving in the right direction...

So, no, The Fed does not have inflation under control...

"A key catalyst to make or break the trade is this week’s US CPI print"

"You know jefferies bankers are burning the phones at GME and AMC pitching ATM equity offerings for after the close."