As I warned about many times before (#UBS ENCORE SERIES), the rescue of Credit Suisse was surely going to put #UBS in great danger and, as expected, the bank is now going through an existential crisis. The extent of the existential crisis was already clear in their Q4-23 results, where…
Category:Markets
THE JPY (COUNTERINTUITIVE) DOOM LOOP – THE MORE JPY LOSES VALUE, THE MORE LEVERAGE IS FORCED TO COME OFFLINE, THE MORE THE JPY LOSES VALUE
Almost 9 months ago now in the post “$JPY CARRY TRADE – THE BIGGEST FINANCIAL TICKING TIME BOMB OF ALL?“, I tried to explain how, in the current market conditions where the shortage of quality collateral assets is becoming incredibly scarce, a depreciating #JPY would have put the ginormous and…
THE NEXT CRYPTO ALTCOINS SEASON WILL BE A SPECTACULAR DISPLAY OF FOMO
All the talk about #crypto as of late has been mostly around #Bitcoin and the #Bitcoin ETF that, like it or not, has been the most successful ETF launch ever. A while ago, I explained what the #Bitcoin ETF meant for the whole #crypto industry (“WHY A BITCOIN ETF WILL…
IF ARCHEGOS BUSTED CREDIT SUISSE, WHICH BANK WILL A SOFTBANK IMPLOSION SINK?
Last Friday, #ARM closed the day at $87.19, down by 16.90% in one session. The stock overall lost 31.10% last week or $40bn in market cap. Why is this a big deal? Because #Softbank holds ~90% of #ARM and has been manipulating this stock on the upside since an IPO…
DOES ANYBODY CARE ABOUT THE UNFOLDING BANKING CRISIS ANYMORE?
Since last week, while the market was distracted by the geopolitical slapping contest between Israel and Iran, both large banks (#KBE) and regional banks (#KRE) lost 5%, outpacing the S&P500 by more than 2%. JP Morgan, surprisingly, is leading the tumble, down almost 8% since releasing its Q1-24 results. Bank…
HOW TO MANAGE YOUR INVESTMENTS AND FINANCES RISK WHEN YOU GET CAUGHT TOTALLY UNPREPARED
Observing what happened in the past 72 hours was very fascinating, to say the least. First, pretty much no one gave credit to Iran’s threats, then no one gave credit to US administration warnings and ultimately, when Iran pulled the trigger, everyone quickly dismissed the risk of a retaliatory strike…
NOW THAT THE JAPAN MAGIC MONEY TREE IS DEAD, EXPECT BANKS TO JUMP AT EACH OTHER’S THROATS
The answer to any problem Japan faced in the past 3 decades was “let’s just print our way out of it” and every time the global financial system was more than happy to swallow every drop of freshly printed #JPY. What were banks doing with all that money that “magically”…
WHILE YOU WILL BE WAITING FOR THE US-ELESS CPI, IT LOOKS LIKE “SOMEONE” IS AT RISK TO BLOW UP (AGAIN)
What the hell happened at 10:22 AM Eastern Time? Something snapped, and you can see that without a shadow of a doubt in the #VIX chart. However, as you can see, I highlighted a smaller snap that occurred right at the start of US #stocks cash trading. At the very…
IS IT FINALLY VIX SHOWTIME?
Yield harvesting through options selling, a trade now popular even with grandmas growing pumpkins in their backyard is one of those “sure things” that the more popular it becomes, the more it creates price distortions. These distortions can end up giving a false sense of safety to many people while…
AFTER LOSING THEIR GRIP ON GOLD, ARE THE FED AND THE US GOVERNMENT ABOUT TO LOSE THEIR GRIP ON OIL PRICES TOO?
Was anyone surprised to see #FED chairman Jerome Burns walking on stage today and saying out loud all those buzzwords that for a while have been pretty effective in feeding investors’ euphoria? I wasn’t, after all, it was already pretty clear after the last #FOMC that the real fed mandate…