Looking at the most recent CFTC Commitment of Traders report, BofA makes two notable observations ahead of what may be a volatile week between the Fed's 25bps rate hike announcement on Wednesday, just hours after the Dutch General Election, and on the same day as the US debt ceiling expiration hits.
One veteran macro trader summed up the markets perfectly "Shit's starting to break" - noting that 'real' macro data decoupled from stocks at the start of the year, VIX decoupled from stocks three weeks ago, EM broke over a week ago, Copper snapped last week, and now High Yield credit is breaking - stocks are always the last to catch on...
Via Dana Lyons' Tumblr,
Assets in mutual funds designed to rise when stocks fall have dropped to an all-time low.
Via Pater Tenebrarum of Acting-Man.com,
Defying Expectations
Billionaire globalist George Soros has hedged a $500 million dollar bet on the U.S. economy failing and corporations becoming bankrupt. According to Soros, companies that benefit from the policies of President Donald Trump will be “financially ruined” in the months ahead. The billionaire is a vocal critic against Donald Trump, and was recently outed as being the main financier behind anti-Trump riots across America. Newsmax.com reports: Soros’ bets against stocks came in the form of puts, or options to sell, on two exchange-traded funds that track broad market indexes, CNBC reported.