As as soon as Hindenburg Research’s (a famous short-selling hedge fund) piece “Super Micro: Fresh Evidence Of Accounting Manipulation, Sibling Self-Dealing And Sanctions Evasion At This AI High Flyer” was published I started to be flooded with notifications about it and when I picked up my phone, I have to…
Category:Markets
HOW COULD JAPAN RECOVER SO FAST FROM THE WORST CRASH SINCE 1987? THANKS TO ITS GPIF “ANGEL”
No person can pretend to know everything; it is simply not humanly possible. If anyone claims to do so, more often than not, they actually know little in reality. Personally, I use an investigative approach in everything I do, most of all to fill the gaps in my ignorance. This…
IF JPY CARRY TRADE TROUBLES SPOIL THE UPCOMING NVIDIA PARTY, GET READY FOR A SPIKE IN VOLATILITY
From a fundamental perspective, no matter from which angle you look at it, NVIDIA should be nowhere near its current price for a number of reasons, most of which are shady, to say the least, we discussed so far: However, here we are with a 3 trillion-plus market cap stock…
THE LARGE AND SECRETIVE UK HEDGE FUND “ADDICTED” TO JPY CARRY TRADING
Trying to dig deep and understand what happened between the 2nd and 5th of August of such magnitude to trigger a crash in Japanese markets worse than 1987, a name kept being mentioned: “Capula”. Let me be honest, I have never dealt with this hedge fund before, and my direct…
NORINCHUKIN BANK CHAOS CAN TRIGGER AT ANY MOMENT
I started to cover Norinchukin Bank many months ago already (“WHY IS THE FED PREPARING TO BAIL OUT A JAPANESE BANK? BECAUSE OF THE “NORINCHUKIN” DANGER”) and since then the situation of one of the biggest Japanese banks has become worse and worse: A few weeks ago Norinchukin released its…
IS A LARGE BROKER USING CLIENTS’ FUNDS TO COVER ITS LOSSES?
Even if everything is “back to normal” and everyone is behaving as if the events from two weeks ago were just a bad nightmare, with the VIX free-falling in a way never seen before (from 66 below 18 in 7 trading days, while every time before it took months to…
UBS’ GAMES OF SMOKE AND MIRRORS TO HIDE ITS GIANT PROBLEMS
UBS reported its Q2-24 earnings, and after a brief moment of selling pressure at the open, the stock started soaring, ending the day up more than 5%. Yes, on the surface, UBS reported a net profit more than double what Wall Street analysts expected, and that was enough to feed…
DEAR BOJ, WHAT’S THIS SOUND ABOUT? “TIC TOC TIC TOC”
On 14 October 2008, the BOJ entered the bailout arena in full force with its “Introduction of Measures regarding Money Market Operations to Ensure Stability in Financial Markets.” Among the four “temporary” initiatives announced, the last one was the most crucial one… and remains the most crucial one today. “Expansion…
FINANCIAL MARKETS REACHED A “SINGULARITY” NO ONE WANTS TO DEAL WITH
Last week I wrote the provocative, but substantiated, “THIS IS NOT 1987, 2000, 2008 OR 2020, BUT A WHOLE NEW MARKET MONSTER” with the main goal of bringing to everyone’s attention how the current financial market is presented with many “unknown unknowns.” Today it’s worth looking a little deeper in…
THE JPY CARRY TRADE IMPLOSION CONTAGION IS ALREADY SPREADING INTO THE UK
While doing my best to untangle the mess of the Bank of Japan (BOJ), in particular, to figure out which financial institution/s could be in danger after what happened on Monday this week, I stumbled upon something very interesting. Please have a look. This chart represents the Bank of England…