Frontrunning: August 26
That will teach the UAE who's boss: U.S. Wonāt Consult Syria on Militant Strikes: White House (BBG)Putin Set to Meet Poroshenko as Ukraine Tensions Escalate (BBG)... but the de-escalation algo?Tim...
View ArticleFrontrunning: August 27
Islamic State executes soldiers, takes hostages at Syria base (Reuters)Buffett Burger King Funds Flip Obamaās Inversion Calculus (BBG)Equities Reach Record $66 Trillion as S&P 500 Hits 2,000...
View ArticleS&P Futures Surge Over 2000, At Record High, On Collapsing Japanese, European...
Following Wednesday's laughable tape painting close where an algo, supposedly that of Citadel under the usual instructions of the NY Fed, ramped futures just over 2,000 to preserve faith in central...
View ArticleThanks to the Fed, the Patient Is Now Past the Point of No Return
Many commentators consider what the Fed has done to be akin to providing stimulus, morphine, juice to an ailing economy.Ā We believe Fedās actions would be more appropriately described as permitted...
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Goldman's Special Purpose Tentacle Revealed In Europe's Latest Bank Failure
The day that Banco Espirito Santo finally crashed and was liquidated nationalized under the weight of its countless criminal "inside the family" fund transfers, money losing loans, and off balance...
View ArticleFrontrunning: September 3
Confusion as Ukraine and Russia announce progress towards peace (Reuters)... but not for stock buying algos, they know everythingObama Expresses Skepticism About Possible Ukraine Cease-Fire...
View ArticleEquity/Bond Markets At Overnight Highs On Hopes Of More ECB Stimulus;...
Even as the NATO summit began hours ago in Wales, conveniently enough (for Obama) at the venue of the 2010 Ryder Cup, so far today geopolitics has taken a backseat to the biggest event of the day - the...
View ArticleFrontrunning: September 4
Global stocks bounce on sign ECB could launch ABS program (Reuters)Putin unveils Ukraine ceasefire plan, France halts warship (Reuters)Poroshenko Flummoxes Investors With About-Face on Truce (BBG)No...
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Why Draghi's ABS "Stimulus" Plan Won't Help Europe's Economy
Simply put, the reason why Mario Draghi's impressively-pitched ABS 'stimulus' QE-lite plan won't help can be summed up in 2 words "unencumbered assets." There is simply a lack of the right quality...
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Scottish Independence Referendum: The Complete Summary
For those just catching up on the main news event of the weekend, namely the sudden surge in Scotland "Yes" vote polling surpassing 50% for the first time, here is a complete round up of the...
View ArticleFrontrunning: September 9
Showtime for Apple: Big phones, smart watches and high expectations (Reuters)Bank of England Gov. Mark Carney Signals Spring Rate Rise (WSJ)Quebec Shows Scots Question Returns Even If Answer Is No...
View ArticleFrontrunning: September 10
British PM begs Scots: Don't rip apart our UK 'family of nations' (Reuters)Obama has become Bush: Obamaās Task: Rally U.S. Public, Allies in Terror Fight (BBG)Alibaba's record IPO covered after first...
View ArticleFrontrunning: September 11
Obama orders U.S. airstrikes in Syria against Islamic State (Reuters)Obama Relying on Mideast Allies to Counter Islamic State (BBG)Scotland Nationalists Claim U.K. Oil in 40-Year Campaign (BBG)Scottish...
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Australia's Part-Time Jobs Miracle
While we have grown used to eye-poppingly 'odd' data from China (and increasingly the US), last night's surge in Aussie employment is among the greatest statistical pieces of muppetry we have ever...
View ArticleFrontrunning: September 12
Russia faces new U.S., EU sanctions over Ukraine crisis (Reuters)Glasgow pulls no punches in welcome to 'Save the Union Express' (Guardian)Pound Seen Tumbling Up to 10% on Scottish Yes Vote (BBG)Moscow...
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Credit Suisse Warns Of "Self-Fueling Negative Feedback" In Scotland; Here's...
While we noted earlier the dramatic outflows and record selling in stocks in UK, Credit Suisse warns, it could get much worse...The flow diagram below explains how the uncertainty over Scotland's...
View ArticleFrontrunning: September 16
Thank you market Chief Risk Officer Bernanke/Yellen: Calpers to Exit Hedge Funds, Divest $4 Billion Stake (BBG)World stocks hit one-month low, caution ahead of Fed (Reuters)U.S. Efforts to Build...
View ArticleFrontrunning: September 17
-0.07%: Germany Secures Record Low Funding Cost at Bond Auction (WSJ)Pentagon Sees Possible Role for U.S. Ground Forces Against Islamic State Militants (WSJ)China Joins ECB in Adding Stimulus as Fed...
View ArticleFrontrunning: September 18
House votes to arm Syrian rebels (Reuters).... aka ISISFed Plots Cautious Course on Rate RisesĀ (Hilsenrath)Scots vote in independence referendum to seal the United Kingdom's fate (Reuters)Yes or No,...
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First YouGov Poll Predicts The Scottish "No's" Have It With 54% Of The Vote
With a reported turnout above 90% (over 4.2 million votes), YouGov reports its exit polls at...*YOUGOV REFERENDUM PREDICTION: YES 46%, NO 54%*SCOTLAND VOTES: YOUGOV CHIEF SEES 99% CHANCE OF `NO'...
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