Bond

Stocks, Bond Yields, & Crypto Soar Amid Payrolls Plunge, "Damaged" Democracy, & Biden's "Trillions"

So, the first week of the year brought us – the worst first day for stocks in two decades, the “darkest day in American democracy”, a dismal jobs print (far worse than expected), ISM beats that were almost entirely predicated on model misattribution of global supply chain disruptions, a blue-sweep of government (fiscal-palooza), and the…

Goldman Sees More Chinese Bond Defaults

By Ye Xie, Bloomberg macro commentator President Donald Trump has continued bashing China. This time, his administration restricted travel visas for members of the Chinese Communist Party and banned cotton imports from a military-linked firm it accused of “slave labor.” So far, all of these moves, including the House bill that could lead to the delisting of…

Bill Gross’ Neighbor Calls Him “Angry Billionaire With Short Fuse”, Says Friends Offered “Condolences” When ‘Bond King’ Moved In

Bill Gross’s civil court battle with his neighbor, tech entrepreneur Mark Towfiq – the two men are suing one another for alleged harassment after a feud over a garden sculpture spiraled out of control – continued this week, with Towfiq telling the jury (since that’s what this has come to) that he feared he was…

Gold, Stocks, & Bond Yields Surge As Dollar Purge Continues

Since the election, and the ongoing roll out of Biden’s nominees for economic and policy teams, the dollar has been on a one-way streak lower… Source: Bloomberg The dollar is unchanged versus its fiat peers since Jan 2015… Source: Bloomberg And it appears the plunge in the dollar is being recognized by gold enthusiasts who…

Horseman: “The Bond Bull And Commodity Bear Markets Are Over” – Here’s How To Trade It

After a remarkable start to the year, surging almost 30% when all other funds were tumbling, the fund formerly known as Horseman Global until its recent purchase by CIO Russell Clark (hence its current name Russell Clark Investment Management), has had a turbulent seven months, at one point in the summer even forcing the famously…

Schizophrenic Paradox Emerges In S&P, 30Y Bond Futures

An apparent paradox is emerging in the world of futures positioning. According to the latest CFTC Commitment of Traders data, after being stuck in a tight range for much of 2020, speculative investors boosted bullish wagers on S&P emini futures to the highest level in almost two years, a that most professional investors saw the…