People Are Finally Worried About People Being Worried
Submitted by Joseph Calhoun via Alhambra Investment Partners,
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NatGas Bloodbath Accelerates Amid LNG Glut Worse Than Oil
With Nattie down 6% in early trading, the most in 2 months, pressing to new record lows...
OilPrice.com's Nick Cunningham warns, while the glut in oil is expected to continue for the next year or so before balancing in late 2016, the pain for liquefied natural gas (LNG) could be just beginning...
Key Events In The Coming "Fed's First Hike In 9 Years" Week
While this may well be the most important week for capital markets in the past 9 years, when the Fed is widely expected to hike rates on Wednesday, precisely 7 years to the day since it cut rates to zero, the week sets off with a quiet start today with just the Euro area industrial production reading due out this morning and nothing expected out of the US this afternoon.
Commodity Currencies Are Soaring As Crude, Stocks Bounce
In an effort to wrestle S&P 500 to VWAP, to enable panicking professional sellers out, a sudden bid for crude oil and commodity currencies appeared shortly after 8amET...
S&P ramp to VWAP...
On the back of all things commodity-related...
Some context for the sudden bid in FX...
Now that VWAP has been hit, we wonder what happens next?
Charts: Bloomberg
SocGen Looks At The Devastation Across Markets, Sarcastically Concludes It Is "Time For A US Rate Hike"
We have closely followed the work of SocGen's under-appreciated Albert Edwards and Andrew Lapthorne for years for one simple reason: they have been right all along, however as a result of ever more aggressive and extensive central bank interventions, the mean reversion that should have happened years ago, keeps getting postponed, assuring that when it does finally happen the outcome will be epic. That time may be approaching.