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Stocks Hit New Record Highs, Dollar Jumps On Senate Vote; Japan Has Longest Winning Streak In History

October 20, 2017 - 10:06pm
Stocks Hit New Record Highs, Dollar Jumps On Senate Vote; Japan Has Longest Winning Streak In History

Global stocks hit new all time highs overnight, with US stock-index futures, Asian and European stocks all rising overnight after the Senate adopted a fiscal 2018 budget resolution, paving the way for Trump's $1.5 trillion in tax cuts, while news that "dove" Jay Powell may be the next Fed chair added to the risk-on sentiment.

BofA Lists 10 Triggers For The Next Crash: "It's Coming Between Thanksgiving And Valentine's Day"

October 20, 2017 - 1:57am
BofA Lists 10 Triggers For The Next Crash: "It's Coming Between Thanksgiving And Valentine's Day"

Back in mid-July, BofA's chief investment strategist Michael Hartnett predicted that the "most dangerous moment for market will come in 3 or 4 months." Well, we are now "between 3 and 4" months since the forecast fate and the most dangerous moment we have experienced since then, ironically, is today's modest selloff on the 30 year anniversary of Black Monday. So looking back at his forecast, has Hartnett thrown in the towel on calls for a correction, and joined all the other BTFDers?

Global Markets Shaken By Sudden Equity Sell-Off: Hong Kong Crashes, VIX Surges

October 19, 2017 - 10:09pm
Global Markets Shaken By Sudden Equity Sell-Off: Hong Kong Crashes, VIX Surges

Has the market's "melt-up" levitation finally ended? Of course, it could be much worse: as Bloomberg's Paul Jarvis recalls, thirty years ago on this day traders around the globe were staring at their screens in disbelief as stock markets turned to a sea of red: the Dow, S&P 500, FTSE, DAX and CAC fell -23%, -20%, -10%, -9% and -10% respectively.

What To Look For If This Is Indeed A Major Bubble

October 19, 2017 - 6:58am
What To Look For If This Is Indeed A Major Bubble

The core thesis presented earlier by Fasanara Capital, is that what is taking place in the market right now is the blowing of arguably the biggest asset bubble in history, or rather twin bubbles - impacting both equities and bonds...

... created by trillions in central bank liquidity injections, and characterized by unprecedented equity valuations...

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