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"Fatalistic" Markets Give In To Summer Lull, Crude Chaos, Washington "Horror Show"

Richard Breslow is back off the weekend, and his Monday missive is a trip across markets that he thinks have gotten a bit too fatalistic of late. 637 more words


Gold Flash Crashes, "Jubilant" Germans, And Bank Bailouts

Well, gold plunged $18 in seconds on surging volume (18k contracts in a one-minute window) for no apparent reason, falling from 1,253 to test 1,236, the 200-DMA at around 4 a.m. 963 more words

S&P 500

3 C's: Crude, Carry, CPI And Your Full Week Ahead Preview

Ok, so it’s Sunday which, as we’re fond of reminding you, means that tomorrow will be Monday – right up until Trump does something that takes the whole of idea of there being a “tomorrow” off the table… 535 more words


One Trader Trusts Numbers Even Less Than He Trusts You - And That's Saying Something

Richard Breslow is a man who doesn’t trust you.

We’ve established that on any number of occasions this year. The former FX trader’s crowning achievement in berating investors… 544 more words

S&P 500

Russell Shuffle Day, Brexit Anniversary, & Crude Carnage

It’s Russell reshuffle day, which means equities will likely be jarred out of any summer lull, if only for a moment.

As Bloomberg notes, “in four of the last five years, reconstitution day ranked in the 10 busiest trading sessions, at the same time, it rarely triggers big price swings in the market.” 704 more words

S&P 500

Chart Of The Day: Asset Prices In The Trump Era

One theme that comes up in almost every conversation one cares to have about markets these days is whether and to what extent the “Trump trade” has been unwound or otherwise faded. 204 more words


Trader: "You Really Shouldn't Make It Up As You Go Along"

Former FX trader Richard Breslow is feeling generous on Thursday.

24 hours after eviscerating you for what he calls your “wild projections fueled by an irrelevant and dangerous tincture of moral outrage,” today’s missive is a bit tamer and plays on a theme Breslow’s been pushing for quite sometime. 601 more words

S&P 500