‘Lost In Translation’ Trade-Talk Sparks Stock Surge, Bond Bloodbath, Precious Metals Pounding

A mis-translated story from China overnight on removing tariffs sparked a melt-up in stocks, bond yields, oil, and the dollar today (and slammed precious metals). When i translate the Chinese statement that moved the market last night it doesn’t seem like there is anything new? pic.twitter.com/yKUXCyBJMq — FxMacro (@fxmacro) November 7, 2019 As @simonting says, […]

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Options Traders Abandon Hedges

Via Dana Lyons’ Tumblr, Following the recent stock market breakout, stock options traders have significantly trimmed their hedges. With the popular stock indices hanging near all-time highs for most of the year, one might think that stock sentiment would be extremely bullish. However, among the indicators that we monitor, we have observed very little evidence […]

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