Foreigners sold a record $54 billion of corporates in July as the dollar's slide continued.... Read More
As the largest correction since March continues, we are seeing little evidence of options traders exiting their long positions.... Read More
COVID-19 cases are rising rapidly in Europe, suggestive of a second wave. Are more lockdowns coming? Is this why markets are stumbling?... Read More
It seems nothing moves the bond market anymore. Thank the Fed's massive QE purchases for suppressing interest rates and encouraging investors to reach for riskier alternatives.... Read More
Evidence continues to mount that speculators have piled into the options market.... Read More
The 60/40 portfolio has come under fire lately, prompting some managers to question if gold can act as a hedge to stocks.... Read More
Overheated speculation in the options market continued last week as retail bought record amounts.... Read More
Yesterday Jim was on Bloomberg TV talking about the election and markets. Detailed was the divergence between polls and the betting market along with the heated speculation in the options markets that contributed to the decline of the last few days.... Read More
Speculation with U.S. equity listed options is rampant. Options volume, combined with retail trading volume, might make up as much as 40% of NYSE volume.... Read More
Q2 was another rough one for banks amidst the lowest net interest margins on record and surging loan loss provisions.... Read More
The recovery continues but is slowing. Many economic measures remain well below pre-pandemic levels. We see little evidence anyone is returning to the office.... Read More
Is our hope for a vaccine to be a "medical bailout" of the economy asking too much?... Read More
