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Credit Suisse Shares Tumble On Report It May Sell $3 Billion In Stock
First Deutsche Bank, now Credit Suisse: according to Bloomberg, the second largest Swiss bank, is also preparing to take advantage of euphoric markets and is considering selling stock valued at more...
View ArticleFrontrunning: March 24
Trump Says If Vote on Health Bill Fails, Obamacare Stays (WSJ)Risky House healthcare vote to test Trump's negotiating skills (Reuters)Trump Dares GOP in High-Stakes Vote on Troubled Health Bill...
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"Germany’s Dumbest Bank" Makes $5.4 Billion Transfer In Error
Back in the summer of 2015, Deutsche Bank mistakenly paid $6 billion to a hedge fund client by mistake in a “fat finger” trade on its foreign exchange desk. The embarrassed bank recovered the money...
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"Policy Error" Is Back: Deutsche Warns Two Things Can Derail The Market's...
Following the worst week for stocks since the US election, the reflation trade that was launched by the Trump election now appears solidly dead, with the dollar and commodities sliding, inflation...
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On The Edge Of An "Uncontrollable Liquidity Event": The Definitive Guide To...
While most traders over the past month have been obsessing over developments in Washington, the real action - most of it under the radar - has played out in China, where as discussed over the past few...
View ArticleFrontrunning: March 27
Markets Slide on Doubts that Trump Can Deliver (BBG)Dollar hits four-month low as Trump trade deflates (Reuters)These Charts Show Alarm Bells Ringing on Trump Trade (BBG)White House may court Democrats...
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Key Events In The Coming Week
The key economic releases this week are the consumer confidence report on Tuesday, the third estimate of Q4 GDP on Thursday, and the PCE report as well as Personal Income & Spending data on Friday....
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Government Shutdown Odds Rise To 40% According To Deutsche Bank
With rumblings growing about a possible Washington shutdown on April 28 when the current continuing resolution expires, Deutsche Bank's Washington expert Frank Kelly yesterday hosted a client call on...
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China Manufacturing PMI Jumps To Five Year High
China's reflation story (on the back of a record amount of debt created last year) was put on display on Friday morning when both the Chinese manufacturing and non-manufacturing PMI rose more than...
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LIBOR Pains
Authored by Pater Tenebrarum via Acting-Man.com,Wrong FocusIf one searches for news on LIBOR (=London Interbank Offered Rate, i.e., the rate at which banks lend dollars to each other in the euro-dollar...
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Who Wants What In Washington? The One Chart Summary
Once upon a time Washington was simple: on one hand you had Republican interests, on the other: Democrats, and inbetween them perhaps, the occasional independent or "green." Now... it's less simple. At...
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Global Stocks, US Futures Rise On First Day Of Q2 As Trump-Xi Meeting Looms
After the best quarter for US stocks since 2015, global equities have started off Q2 on the right foot, despite caution about the upcoming meeting between President Trump and China's Xi Jinping later...
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Futures Slide As Weak Start To Q2 Continues Amid Global Growth, Political...
Global stocks were pressured by a poor start to the second quarter in the US, where carmakers reported disappointing sales data, slamming auto stocks around the globe. The selling has persisted for a...
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China Surge, Rising Oil Push Global Stocks Higher; S&P Futures Flat As Fed...
European stocks rebounded after a downbeat start, aided by a return to the post-Euro open momentum ignition in the USDJPY while Asian stocks rose after China shares surged 1.5%, the most since August....
View ArticleFrontrunning: April 5
No big bets ahead of Trump-Xi meeting; oil, metal prices firm (Reuters)Senate on the Brink of ‘Nuclear Option’ in Gorsuch Vote (WSJ)Le Pen Ambushed on Euro in French Debate (BBG)Trump touts coal but...
View ArticleFrontrunning: April 6
Senate Set to Vote to Eliminate Supreme Court Filibuster (WSJ)Trump’s Xi Summit Tests Promises on Trade, North Korea (BBG)Is North Korea putting a nuclear-tipped bargaining chip on the table?...
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"The Stakes Couldn't Be Higher": Trump, Xi "Navigate Minefield" At First Summit
Today’s China-U.S. summit meeting is an event that could also have enormous implications - in both directions. As Bloomberg's Richard Breslow notes, one can't help but be intrigued by the fact that...
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Bridgewater's Head Of Trading Is Leaving The Company
One month after a major shake up at Bridgewater, which saw Ray Dalio step down as co-CEO, as well as the departure of the recently hired former Apple executive Jon Rubenstein, the world's largest hedge...
View ArticleFrontrunning: April 7
U.S. fires missiles at Assad airbase; Russia denounces 'aggression' (Reuters)Congress Supports the Airstrikes, Debates What Happens Next (WSJ)Trump’s Syria Strike Sends Not-So-Subtle Warning to U.S....
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Stocks Swing As Latest Truck Terrorist Spooks Markets
First down after the Syrian air strikes, then up (within minutes after the open) despite a poor jobs number, then down once more on the latest "Truck Terroist", now going back up again, stocks can't...
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