Yen Carry Lifts Risk Around The Globe In Quiet Overnight Trade

In a carry-trade driven world in which news and fundamentals no longer matter, the only relevant “variable” is whether the JPY is down (check) and the EUR is up (check) which always results in green equities around the globe and green futures in the US… [...]

Margin Debt Soars To New Record; Investor Net Worth Hits Record Low

The correlation between stock prices and margin debt continues to rise (to new records of exuberant "Fed's got our backs" hope) as NYSE member margin balances surge to new record highs. Relative to the NYSE Composite, this is the most &qu… [...]

10 Clues About 2013 Holiday Spending

From consumer and retailer surveys to quantitative data such as household spending and private jet bookings, ConvergEx’s Nick Colas has amassed a collection of 10 clues about this year’s holiday shopping season. On the plus side, disposable personal in… [...]

WTF Chart Of The Day: Margin Expectations Edition

Analysts are forecasting the highest fraction of companies to post year-over-year margin expansion in our data history, despite the already near-record profit levels today. The only thing one can say when looking at this chart of expectations (apart fr… [...]

Whining for Wine

Click here to follow ZeroHedge in Real-time on FinancialJuice In a few years’ time we might all be whining because there is no more water left in the world apparently. That’s because according to the World Economic Forum “we are now on … [...]

S&P 1800 Or Bust As Futures Ramp Continues

The overnight global scramble to buy stocks, any stocks, anywhere, continued, with the Nikkei soaring higher by 2% as the USDJPY rose firmly over 100, to levels not seen since May as the previously reported speculation that more QE from the BOJ is just… [...]

What An Ex-FOMC Governor Really Wants To Tell You About The Fed

Submitted by F.F.Wiley of Cyniconomics blog, Hunting season is off to a good start this week, and I’m not just talking about deer hunting. It seems that former Fed officials declared open season on their ex-colleagues. First, Andrew Huszar, who o… [...]

"Frustrated" Liquidity Addicts Demand Moar From BOJ As Nikkei Rally Stalls, Abenomics Founders And "Hope Fades"

While the only topic of discussion for “sophisticated” investors everywhere is when (and if) the Fed will ever dare to reduce its monthly flow injection into US markets from $85 billion to a paltry $75 billion, everyone has forgotten that across the Pa… [...]

Equities Act Weak, Confused Following Oscar-Worthy Good Cop, Bad Cop Performance By The Fed

As non-collocated, carbon-based traders walk in today, they are once again greeted by a very unfamiliar shade of green in the equity futures market. There has not been a specific catalyst for another day of equity weakness however it started in Asia, w… [...]

Former Fed Quantitative Easer Confesses, Apologizes: "I Can Only Say: I’m Sorry, America"

By Andrew Huszar, also posted at the WSJ.  Mr. Huszar, a senior fellow at Rutgers Business School, is a former Morgan Stanley managing director. In 2009-10, he managed the Federal Reserve’s $1.25 trillion agency mortgage-backed security purchase p… [...]