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
Tags » 10Y
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
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
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
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