A Technical History Of Market Melt-Ups
Authored by Vincent Delaurd via INTL-FCStone,
Melt-Up, FOMO, and Other Climaxes - A Technical History of Good Times
Bottom Line:
You are here
Business
"Both Cannot Be Right" - The Yield Curve's Ominous Message: Something Is Very Broken
Two weeks ago, Deutsche Bank's credit analyst Aleksandar Kocic explained that with the yield curve becoming increasingly flatter, the Fed has roughly two more rate hikes left before it loses control as the curve first flattens completely and eventually inverts, a precursor to virtually every historical recession. As the DB strategist explained, given where long rates are the "Fed appears overly hawkish – it has only two more hikes to go and, for volatility and risk premia to reprice higher, the gap has to widen.
"Worse Than Tulips..." And Other Enduring Misconceptions About Crypto Assets
Via CoinDesk.com,
Chris Burniske is a cofounder of Placeholder Ventures in New York and former blockchain products lead at ARK Investment Management LLC. Jack Tatar is an angel investor and advisor to startups. In this opinion piece, adapted from their book Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond, they explain what mainstream financial commentators still don't understand about the space – even if the markets are starting to get it.
* * *
Manhattan Office Bubble Fizzles Without Big Chinese Buyers
Authored by Wolf Richter via WolfStreet.com,
Sales volume in Q3 plunges 67% from a year ago.
"The World's Largest Sovereign Wealth Fund Is Investing With No Valuation Model"
There are several quotable observations in Eric Peters' latest Weekend Notes, in which the One River Asset Management CIO looks at last week's melt-up euphoria in markets...