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Why Traders Are Now Selling Insurance To Protect Against Volatility: A...
Over the past several months, one of the proposals floated on this website to explain the strange collapse in volatility at a time when uncertainty has soared, was the so-called "negative convexity"...
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From "Dissensus" To "Democrazy": A Warning From Deutsche Bank
Last October, Deutsche Bank's credit derivatives expert Aleksandar Kocic, one of the best stream-of-consciousness, James Joyceian writers among the Wall Street sell-side, penned what was at the time...
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Government Shutdown Odds Are Rising, Goldman Warns
Having been quite confident that Trump would be able to pass some form of Tax reform as recently as two weeks ago, Goldman's Washington analyst, Alec Phillips, is turning increasingly more pessimistic...
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"The Bear Market Is On Hold": Deutsche Bank Throws In The Towel On Its...
Six months ago, Deutsche Bank's Dominik Constam - who roughly one year ago was lamenting the trendy at the time "secular stagnation" theme as an example of "capitalism in crisis" and was blasting...
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Financial Market Insurance Is Not Like Hurricane Insurance
In discussions with clients, Macro Risk Advisors' CEO Dean Curnutt was reminded of a quote from LTCM partner Victor Haghani. In commenting on the demise of the portfolio, Haghani said,“the hurricane is...
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So Many Triggers
Authored by Jeff Thomas via InternationalMan.com,It’s not a story that’s likely to appear on the evening news, but it certainly should.Deutsche Bank has announced that it will create more shares,...
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Which Hedge Funds Are The Biggest Holders Of ETFs
The relentless growth of passive investing in general, and ETFs in particular, has been extensively discussed on the pages over the past few years, most recently overnight when we presented a note from...
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China Just Flooded Its Economy With A Record Amount Of New Debt
China vowed that this time it was serious about finally deleveraging its economy. Once again, it lied. First, a quick tangent: as a reminder, when it comes to the global economy, increasingly more...
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Bond Bears Battered To 5-Month Lows But Rate-Hike Bets Top $3.2 Trillion
Since their peak 'shortedness' in mid-January, US Treasury bond bears have covered 500,000 10-year-equivalent contracts, reducing the net speculative short to its lowest since before Thanksgiving...
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Global Stocks Slide As Iron Ore Crashes; Pound Jumps After UK Calls Snap...
European stocks slide as traders returned from a 4-day Easter holidays, Asian equities likewise drop pressured by the ongoing rout in iron ore, while U.S. stock-index futures point to a lower open....
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Deutsche Bank: "Early UK Elections Are A Gamechanger; We Are Closing Our...
This morning's shocking announcement caught virtually everybody by surprise, and is prompting one bank after another to thoroughly revise their cable forecasts, case in point Deutsche Bank, whose...
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Is A Le Pen - Melenchon Second Round Possible: A Concerned Deutsche Bank Answers
Earlier we showed that in addition to today's violent collapse in the reflation trade, another, familiar concern re-emerged in Europe as both the German-France 2Y spread resumed its widening, coupled...
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SocGen: "The Pound Short Covering May Just Be Starting"
One day after Deutsche Bank quickly flipped its bearish outlook on the British pound after Theresa May announced snap elections in June, calling the announcement a "gamechanger" and saying "we have...
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Euro Banks Still Can't Value Their Own Equity Research; Subscriptions Range...
Literally no one knows the true 'value' of research, not even the investment banks that are selling it. Up until now, equity research has been treated as a 'freebie' given away to institutional...
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"The Nightmare Scenario" And Everything Else: The Full French Election Matrix
Yesterday, we presented a Deutsche Bank research report which tried to evaluate whether, despite polls suggesting otherwise, a Le Pen-Melenchon first round victory was possible in the French election...
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Deutsche Bank Fined $157MM After Its Traders Were Found To Still Use Chat...
Another day, another fine for the bank that no matter what, just can't play by the rules. On Thursday, the Federal Reserve fined Deutsche Bank $156.6 million for violating foreign exchange rules and...
View ArticleFrontrunning: April 21
Attack overshadows last campaign day in France (Reuters)Paris Gunman Was Questioned by Police in February (WSJ)French PM knocks Le Pen, Fillon stance on security after Paris shooting (Reuters)Battle...
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Deutsche: "Euro Stocks Haven't Priced In Any Adverse French Outcome", That's...
Ahead of the first round of the French elections on Sunday, Deutsche Bank's equity strategist Sebastian Raedler again reminds his bank's clients and the seemingly unperturbed markets, that despite the...
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Deutsche Bank: "It Was Good While It Lasted"
It all started in February, when we first reported that something unexpected had happened: for reasons that were at the time unknown, the global credit impulse had unexpectedly tumbled, turning...
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Your Complete Guide To Sunday's French Presidential Elections First Round
Ahead of Sunday's first round of the French election, we have previously provided several perspectives on the political and economic outcomes, including a permutation matrix of all six possible...
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