Gundlach Slams “Zombie Fed,” Says World Is “Losing Control”

Overseas markets got a bit of a breather Wednesday from the safe haven bid as everyone remained stuck in suspended animation ahead of the Fed decision. Come to think of it, that’s ironic because the Fed itself seems to be frozen. We’d be remiss if we didn’t talk about central banks today and tomorrow. As…

Here’s Why US Equity Investors Should Care About China’s Bad Loan Problem

With all eyes on Brexit, the market seems to have temporarily forgotten about the biggest risk factor of all: China. Understanding the country’s capital markets, FX regime, and banking system can be a daunting task, but it’s worth the time to do a bit of research because it truly is important to comprehend what’s going…

Fear Builds Ahead Of Fed, Brexit Vote As German 10-Year Goes Sub-Zero

It’s probably safe to say that there’s now a palpable sense of anxiety hanging over global markets. We previewed the flight to safety here yesterday, noting that Brexit risk was driving investors into supposedly “riskless” assets and haven currencies. Currencies like the yen, which is trying pretty hard to press towards 100, creating a rather…

This May Not End Well: Energy Junk Bonds Stage Comeback With Oil At $50

Last month, Goldman put the exclamation point on a relentless move higher for crude prices when the bank wrote the following in a widely circulated note: “The physical rebalancing of the oil market has finally started. While supply and demand surprised to the upside commensurately in 1Q16, leaving the market oversupplied by 1.4 mb/d, we…

Brexit Jitters Drive More “Yen”-Sanity: Lessons From The Bloodbath In Asia

Ok, so Microsoft bought LinkedIn. If you picked up some LNKD back in February after the disastrous Q4 call, good for you. Now that we got that out of the way, let’s talk about the trends driving markets on Monday because understanding the ebb and flow here is going to be critical over the next…

Brace Yourselves, Volatility Draws Nigh, PIMCO Warns

One of the key themes I try to communicate to investors is that in the current environment, you simply can’t understand markets if you don’t understand geopolitics. This has always been the case to a certain extent, but it’s arguably more true today than ever. The Saudis, for instance, are wielding their sway over oil…

“Fear And Greed”: Central Bank Front-Running And What It Means For Traders

“Fear and greed [used to be] a continuum, allowing for an ebb and flow with continuous price discovery and availability,” Bloomberg’s Richard Breslow wrote on Thursday. “What we have now is pedal to the metal front-running of central banks and the nagging fear that when the fun ends there won’t be a bid anyway, so…

Free Fallin’: Global Yields Collapse, But Beware The Snapback

It’s a perfect storm. An abysmal NFP print in the US, a worsening outlook for global growth, jitters over whether Britain will vote to leave the EU, and billionaires effectively coming out of retirement to buy gold and make “a bunch of big bearish bets.” And then there’s the lingering threat that China could simply…

Soros “Makes Bunch Of Big Bearish Bets;” Buys Gold, Miners

It really shouldn’t come as any surprise to market watchers that billionaire, philanthropist, Democratic donor, and breaker of the British pound George Soros has turned bearish on a few things. After all, Soros’ views on the prospects for China have been well known for months. Earlier this year, Soros indicated in an interview with Bloomberg…

HYG Meltdown: The Simplest Guide You'll Ever Read

Investors and traders alike often find it difficult to get of the way when freight trains are barreling down on them. Even when conductors like Carl Icahn have been blowing the horn as loud as they can for more than a year. Sometimes, you can't blame them (them being the homegamers). Retail, for instance, had…