Yesterday’s delevering event saw VIX at one point trade at its third highest single day return in its history, which in a historic context would mean a 20-25 % drawdown for the SPX. Once the dust settled by SPX was left relativly unscathed.
Here’s a quick rundown of the most important geopolitical risks right now! To read the full article, sign up for a 14-day FREE trial of the Basic, Premium or Crypto plan. Already a member? Login...
Global recession fears, stretched positioning, BoJ tightening and JPY strength all contributing to what is now the biggest drop in Japan’s main index since 1987.
The coming week is all about determining whether this is truly a recessionary meltdown or not, with the credit cycle and the ISM survey providing some much-needed clues. The credit cycle does NOT look recessionary as of now, but liquidity could turn abruptly worse. To...
Recessions differ in their impact depending on whether they are real or nominal, with the latter obviously being worse. Markets keep forgetting the nominal vs. real discussion this cycle, while the liquidity outlook is becoming increasingly mysterious. To read the...
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