Monthly Archives: May 2012
Pre-NFP Risk-On/Risk-Off Positioning Update
we’ve been away from posting for a couple of weeks, one because we have seen the market unfold exactly as planned with bonds rallying to new highs as we stated in the Internal Conflict Inside the Fed’s Bubble of Fear … Continue reading
Fighting Fire with a Flamethrower
last week’s big story about the JPM $2b trading loss highlights what we perceive to be a major risk factor in the market and banking system, that is the consensus and regulators are still focused on the wrong risks. There … Continue reading
Slicing and Dicing
On April 17th in Like a Hot Knife Through Warm Butter we posited that the $SPX was tracing out a B wave retracement that was chopping up shorts and confusing many market participants. We have seen some bears in the … Continue reading
Upside Down Monetary Policy
we think one of the more interesting aspects of monetary policy is that conventional wisdom thinks the Fed controls interest rates and stimulates lending but depending on how you look at it, the bond market and banking system are often … Continue reading
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