Amidst market volatility in the US, uncorrelated global trades can help diversify portfolios in addition to generating alpha...

"The reset we have announced today is part of the decisive process..." 

"This feels like a culmination of outright purchasers trying to find a bottom and potentially participants covering shorts." - Goldman ETF desk

"early signs of deleveraging underway. Balance sheet uncertainty and expected vol uptick playing into unwinds…"

Another batshit insane capex forecast. 

..."another violent session" in US equities as 'equity crash risk' re-appears, started in China with metals liquidation...

"perhaps the best thing Amazon could do would be to announce that it plans only moderate capital expenditure in 2026."

A real property-rights vulnerability embedded in the architecture of modern finance.

...the Fed Put is somewhat deeper out of the money but remains present in the event of a real crisis...

"Crowded positioning coincided with an air pocket in demand, leaving consensus longs without a marginal buyer. A snapback is possible, but MS quants would sell any bounce in Momentum..."

...matters because farmer confidence is cracking.

Just more bad news for Goldman's long-time Novo bull James Quigley... 

The US jobs market just fell off a cliff, again. 

...despite the scale of market moves, as ‘Bill Gates stated: “The majority of AI companies will fail”-- few writing about it understand the sector...

In sharp contrast to what’s going on in software, the cyclical parts of the market trade very well...

ECB says the economy “remains resilient in a challenging global environment”

BoE says “there should be scope for some further reduction in bank rate this year.”