The Dow is now up 17% YTD - crushing bonds and bullion - NOTE everything changed when China’s central bank decided that it would remove a reserve requirement for financial institutions trading in FX forwards for clients by cutting it to zero from 20% currently..
But let's not spoil the party!
Via Dana Lyons' Tumblr,
The 4th quarter of years ending in “7″ have historically exhibited the stock market’s worst quarterly performance of the decadal cycle.
Authord by Chris Whalen via The Institutional Risk Analyst,
Almost as soon as it started, the excitement surrounding earnings for financials in Q3 2017 dissipated like air leaving a balloon.
Source: HedgeEye
Results for the largest banks – including JPMorgan (NYSE:JPM), Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) – all universally disappointed, even based upon the admittedly modest expectations of the Sell Side analyst cohort.
Authord by Ben Levisohn via Barrons,
In the rise of computer-driven trading, some hear echoes of the stock market’s 1987 crash. Beware the feedback loop...
Black Monday. Although the event to which those two words refer occurred 30 years ago, they still carry the weight of that day—Oct. 19, 1987—when the Dow Jones Industrial Average shed nearly a quarter of its value in wave after wave of selling.
Another day, another record high...
To begin - 'Murica, fuck yeah!!