Since last Thursday, a strange tension could be sensed on trading floors in Hong Kong and China, then on Friday, the $CNY suddenly sold off against the $USD. While the event has been greatly overlooked so far by investors, it might have been a pretty loud warning about the next…
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WHY A HISTORICAL $JPY CURRENCY CRISIS IS AT THE DOORSTEP OF #JAPAN
Imagine you hold an asset of any type. At the moment, the asset XYZ is worth 1M$ according to the price quoted on the exchange. Now, what would be your instinctive reaction if you suddenly discovered that your asset XYZ is instead worth 100k$, but you can still go to…
THE NEW #FOMC MANDATE IS NOW OFFICIAL: SAVE THE #STOCKS BUBBLE AT ALL COSTS!
Let’s give a round of applause to Jerome Burns (aka Jerome Powell) for his incredible confidence in saying things like “#inflation is showing some seasonality that doesn’t change its downward trend”. First of all, can someone remind him that what he has been commenting on in the last 6 years…
ARE WE GOING TO SEE THE #FED FIREFIGHTING A #BOJ HIKE THIS WEEK?
This week we are going to have such a parade of central bank decisions on the menu: #RBA, #BOJ, #FOMC, #BOE, and #SNB 😵💫 All eyes will surely be on the #BOJ and the #FOMC. I do expect they will play “good cop bad cop” with market emotions. 🤭 The…
INSURANCES AND BANKS RISK A #BOEING FINANCIAL NIGHTMARE
Before COVID-19 appeared it was very hard to imagine most of the globe being put under lockdown restrictions that differed in type and tightness country by country right? The last instance the world experienced something similar in terms of mortality, lockdowns, quarantines, and consequent economic disruptions created by all those…
THE #BOJ DILEMMA – SAVE #JAPAN OR THE GLOBAL #STOCKS BUBBLE
This is it, the point where the #BOJ cannot kick the can down the road any longer has arrived. As you know, I have written many times about the #BOJ, warning of the consequences of their unbelievably reckless actions. 🚩 $JPY CARRY TRADE – THE BIGGEST FINANCIAL TICKING TIME BOMB…
MR. MARKET HAS BEEN FULLY REPLACED BY MR. DERIVATIVES – OH MAMMA MIA!
What a clown show the US market has become. Please forgive me, but I cannot find any better words to describe it. Before the US #CPI came out, I wrote these words: “Once data is out and is within the range of expectations (even if “hot”), algorithms start dumping the…
IS THE #FED (PERHAPS WILLINGLY) STARTING A BANKING CRISIS TODAY?
In about 24 hours, the “Bank Term Funding Programme”, the infamous #BTFP, will be history. There should not have been any surprise about this if it wasn’t for the fact the banking situation today is much worse than it was one year ago when the #BTFP was launched. How dire…
NVIDIA CAN CRASH 20% ON MONDAY AND NOBODY SHOULD BE SURPRISED ABOUT THAT
If you think that Nvidia got where it is today because of its fundamental valuations, I am sorry but you might want to revise what “fundamental analysis” stands for. It’s no secret anymore that the company has been using borderline legal accounting shenanigans and commercial practices to report much higher…
MORGAN STANLEY – BIG BALANCE SHEET LOSSES HIDDEN BEHIND EXOTIC DERIVATIVES CURTAINS (AGAIN)?
When you’ve spent enough time trading inside a bank and watching markets for hours a day, in my case I traded my first stock when I was 11, sometimes you’re able to spot if something suddenly starts behaving weirdly. This is exactly what happened with Morgan Stanley ($MS) in the…