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… [...]

Stock Futures Rise To New Record Highs On Carry-Currency Driven Ramp

Another day, another carry currency-driven futures melt-up to daily record highs (the all important EURJPY soared overnight on the return of the now standard overnight Japanese jawboning of the JPY which sent the EURJPY just shy of a new 4 year high of… [...]

Second Try At 16000, 1800 And 4000… Just Keep Icahn Away From Twitter

It is time for the centrally-planned markets to “try” for the round number trifecta of 16000, 1800 and 4000 again, although it may be a tad more difficult on a day in which there is no double POMO and just $2.75-$3.50 billion will be injected by the NY… [...]

Today’s Only Numbers That Matter: 1800, 16000 And 4000

The only numbers that matter today are 16000, 4000 and 1800: those are the Fed’s closing targets for the Dow Jones, the Nasdaq and the S&P. Following last night’s Chinese euphoria which saw the Shanghai Composite surge by 2.87%, or up 61.4 to just … [...]

Complete Hedge Fund Q3 13F Holdings And Position Changes Summary

Here is a summary of the key stock additions, sales, initiations and liquidations conducted by the most prominent US hedge funds in the third quarter. APPALOOSA Boosted Stakes in HCA, HUN, CE, LCC, TEX in 3Q Cut Stakes in SPY, BRCM, BAC, HTZ, SNDK in… [...]

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… [...]

Market Awaits Coronation Of The QEeen

Japan growth cut in half, Europe growth cut by more than half, but none of that matters: today it will be all about the coronation of QEeen Yellen, who testifies before the Senate Banking Committee at 10am. Not even Japanese finance minister Aso’s retu… [...]

The Complete "Distorted Jobs Report" Preview

What the sell-side expects: JP Morgan 75K Goldman Sachs 100K UBS 100K Bank of America 110K HSBC 120K Barclays 125K Citigroup 130K Deutsche Bank 130K What the market expects vis RanSquawk: Today sees the release of the US nonfarm payrolls and unem… [...]

Quiet Start To #Turbulent Day Summarized In Just Over 140 Characters

When it comes to US equities today, the picture below summarizes it all… … the only question is whether the NYSE breaks to celebrate the year’s overhyped social media IPO. Aside from the non-event that is the going public of a company that will li… [...]

Overnight JPY Momentum Ignition Leads To Equity Futures Ramp

It was the deep of illiquid night when the momentum ignition trading algos struck. Out of the blue, a liftathon in all JPY crosses without any accompanying news sent the all important ES leading EURJPY surging by 50 pips, which in turn sent both the Ni… [...]