overnight

Stocks Turmoil To End Q2 With Worst Run Since Lehman

Overheard at The PBOC, The SNB, The ECB, and The Fed…Before we start, it is worth noting that this is the first consecutive quarterly loss for Trannies since Lehman…S&P 2067.89 was all that mattered today – for the biggest US equity market to avoid its first quarterly loss since Q4 2012… It Failed!!Q2 ends with crude the big winner, bonds […]

Manic-Selling Becomes Panic-Buying In Global Bond, Stock Markets

Overnight “manic-selling” in global bond markets (and turmoil in stock markets) has been met – suddenly – this morning by “panic-buying” as mysteriously liquid buyers lift stocks back into the green and send bond yields plunging (right after Euronext breaks)…Europe…And US…As Bloomberg adds,

“At some point the stress on stocks, risk assets, from either earnings fears or higher rates surely has […]