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Momo Bad News: JPM's Quant Guru Kolanovic Confirms Tech Bubble Has Burst... Again

Momo Bad News: JPM's Quant Guru Kolanovic Confirms Tech Bubble Has Burst... Again

Just over two weeks ago, JPM's Marko Kolanovic, whose unprecedented ability to predict short-term market moves is starting to seem a little bizarre, warned that the next "significant risk for the S&P500" was the bursting of the "macro momentum bubble." Specifically, he said that there is an emerging negative feedback loop that is "becoming a significant risk for the S&P 500" adding that "as some assets are near the top and others near the bottom of their historical ranges, we are obviously not experiencing an asset bubble of all risky assets, but rather a bubble in relative

Gold Surges To 4-Month Highs

Gold Surges To 4-Month Highs

Gold is now up over 13% from its pre-Fed rate-hike lows, having surged through its 200-day moving average by the most in 2 years. As bank risk spikes globally, it appears bonds & bullion are the investment of choice once again in the face of systemic fragility concerns. At 4-month highs, gold is nearing a crucial breakout point...

After the heavy volume puke in gold after the jobs data, buyers have stepped back in size...

 

Pushing the precious metal furthest above it 200DMA in 2 years to 4-month highs..

Germany Shuts Down Canadian Bank Tied To Money Laundering

For the first time since 2012, Bafin - Germany’s banking regulator, which for a minute looked like it might actually accuse Anshu Jain of lying about LIBOR - has closed a bank.

All financial transactions by Maple Bank of Canada’s German subsidiary have been halted on the grounds the operation has too much debt or, as BaFin put it, there’s “a prohibition on transfer of ownership and payment, due to imminent over indebtedness.”

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