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Gold Pops As Bitcoin Drops, Dollar Snaps Longest Win Streak Since Jan 2016

Gold Pops As Bitcoin Drops, Dollar Snaps Longest Win Streak Since Jan 2016
"Contained"...   Post-FOMC, Gold was the biggest gainer...   US Equities were holding to gains but tumbled in the last few minutes with the S&P turning red...   Nasdaq manged to hold gains after The Fed...   VIX was noisy around CPI early on and snapped higher into the close (breaking above the terrifying level of 10.00)...   Financials had... Read More

Bitcoin, Bonds, & Bullion Bounce As Rand Paul Ruins Today’s Tax-Deal Ramp

Bitcoin, Bonds, & Bullion Bounce As Rand Paul Ruins Today’s Tax-Deal Ramp
Cliffhanger indeed...   From Rand Paul's somewhat confusing tweets, the divergence between bond and bullion and the dollar and stocks is clear...   On the day, Nasdaq and Small Caps were worst, The Dow best and Trannies tumbled into the red into the close...   VIX was trampled early on but after Rand Paul's comments started to roll higher...  ... Read More

Stocks Soar To Most-Overbought In 22 Years But Bitcoin Futures Debut Dominate

Stocks Soar To Most-Overbought In 22 Years But Bitcoin Futures Debut Dominate
Bitcoin futures are here...   Small Caps and Trannies were today's biggest losers as Nasdaq led...   The S&P 500 has not been this overbought since 1995...   VIX briefly topped 10 after the NYC bomb explosion...but was clubbed into the close..   Utes ramped oddly in the afternoon but Energy stocks and Tech were best...   High-Tax stocks underperformed... Read More

The Seven Questions Goldman’s Clients Have About “Rational Exuberance”

The Seven Questions Goldman’s Clients Have About “Rational Exuberance”
In mid-November, just days after Barclays released its 2018 equity outlook with the title "Rational Exuberance"... ... Goldman's David Kostin decided that imitation was the sincerest form of unveiling a non-contrarian year-end forecast, and in presenting his revised S&P price target for 2018 of 2,850 - which accounts for GOP tax reform - "borrowed" the Barclays title for his own... Read More

Bitcoin’s Growing Price Gap Between Exchanges Creates Potential Headaches For Futures Trading

Bitcoin’s Growing Price Gap Between Exchanges Creates Potential Headaches For Futures Trading
On Thursday, as the Bitcoin price made record high after record high, spiking to somewhere between $16,000-19,500, it was one of the top stories across mainstream media outlets, never mind Reuters, Bloomberg and the FT. However, what exactly was the all-time high for Bitcoin? Because of Bitcoin's growing "price gap", it depended where you looked. But a price gap of... Read More

“For The First Time In Modern History” US Government Debt Will Surpass Household Debt

“For The First Time In Modern History” US Government Debt Will Surpass Household Debt
Last week, rating agency DBRS raised a red flag when it calculated that in the past decade average US wages have risen by only 5.7%, while consumer debt over the same period rose 60% more, or 9.3%. However, while the US household's reliance on debt to fill in the income gaps is hardly news, on Monday JPMorgan found another, even... Read More

Are Markets Too Optimistic About Global Growth? (Spoiler Alert, Yes!)

Are Markets Too Optimistic About Global Growth? (Spoiler Alert, Yes!)
Authored by Saxo Bank's Head of Macro Strategy, Dembik Christopher, via TradingFloor.com, We expect softer-than-consensus 2018 growth Lowflation structural, not transitory Housing bubbles remain a concern (Bitcoin not so much) The year 2018 starts with four main questions: Is economic growth on a solid footing? Will inflation ever come back? Should we fear higher bond yields? What could go wrong?... Read More

Stockman: “Bitcoin Is The Poster-Boy For An Unhinged Financial System”

Stockman: “Bitcoin Is The Poster-Boy For An Unhinged Financial System”
Authored by David Stockman via Contra Corner blog, The lemmings are now in full stampede toward the cliffs. You can literally hear the cold waters churning, foaming and crashing on the boulders far below. From bitcoin to Amazon, the financials, the Russell 2000 and most everything else in between, the casinos are digesting no information except the price action and are relentlessly rising... Read More

Deutsche Bank Explains The Five Biggest “Market Conundrums”

Deutsche Bank Explains The Five Biggest “Market Conundrums”
While pundits contemplate whether the bitcoin bubble is bigger, smaller or the same size as the dot com bubble, few are willing to admit that day to day events in the equity market are just as ridiculous, bubbly and bizarre as what takes place in the crypto realm. To address this lack of coverage, yesterday Bloomberg was nice enough to... Read More

A Little-Known Indicator Sees VIX Soaring To 30

A Little-Known Indicator Sees VIX Soaring To 30
While not quite as damning as its 2018 credit forecast, Morgan Stanley's chief equity strategist Michael Wilson released his 2018 equity outlook this morning, and unlike his last full year forecast which in retrospect was surprisingly accurate, is far more contained, if not outright pessimistic. Wilson himself is quick to remark on just how much conditions have changed over the... Read More