Brexit Decision Tree
The never-ending Brexit saga continues. Looking at the below chart brings memories from complex options valuations books, but it is…
The never-ending Brexit saga continues. Looking at the below chart…
Mueller Needs to Study Art. Could Da Vinci’s Salvator Mundi hold the Key to the Investigation?
In 2017 Saudi Arabian Crown Prince MBS bought Leonardo Da Vinci’s Salvator Mundi painting for a record setting $450m. The…
In 2017 Saudi Arabian Crown Prince MBS bought Leonardo Da…
Keep it Simple
Apple is according to us, still the most important stock for the overall sentiment. The crowded long stock has bounced…
Apple is according to us, still the most important stock…
PG&E: Potential Bankruptcy Hitting Plenty of Hedge Funds
The California Utility company PG&E (PCG US) dropped over 20% on Monday as it was reported that it is exploring…
The California Utility company PG&E (PCG US) dropped over 20%…
Credit and VIX Continue “Imploding”
Credit has come off from recent “panic” levels. European iTraxx main index is currently trading below the 75 level for…
Credit has come off from recent “panic” levels. European iTraxx…
Should we Trust Calm Emerging Markets?
Emerging Markets FX space has been very calm recently, despite the global trade situation. The JPM EM FX index recently…
Emerging Markets FX space has been very calm recently, despite…
The Pain Trade is (slowly) Higher
The theme of crowded trades going the “wrong way” from 2018 continues in 2019. As we have been pointing out,…
The theme of crowded trades going the “wrong way” from…
Long Live Volatility…or?
While most Hedge(d) funds lost money last year, it was a great comeback for the long volatility hedge funds. The…
While most Hedge(d) funds lost money last year, it was…
Pharma: M&A Bonanza to come as Companies Keep Raising Prices? Companies to Keep on the Radar
Late last week Bistrol Myers Squibb (BMY US) purchased Celgene (CELG US) for $74bn, paying a 54% premium to the…
Late last week Bistrol Myers Squibb (BMY US) purchased Celgene…
Fed’s Disconnection Headache
Powell saved the world, at least on Friday, but below point from Manoj Hemrajani makes a valid point worth considering.…
Powell saved the world, at least on Friday, but below…
Negative Trend (still) in Place
Continued huge volatility and “sudden” moves, both ways, continue to dominate the markets. Below are some of the major indices…
Continued huge volatility and “sudden” moves, both ways, continue to…
Weekend Reading January 5th: Trade War Having an Effect
The first trading week of the year continued the patterns of late 2018. Markets continue to be volatile, moving several…
The first trading week of the year continued the patterns…