JPMorgan Warns Crowded Trades And Euphoric Consensus Are The Biggest Threats For Markets
Last month, during our 13-F postmortem, we showed that just as hedge funds had gone all-in stocks, or rather a handful of momentum stocks, resulting in record gross and net hedge fund leverage… … which also meant a record drop in S&P short interest as any remaining bears have been ritualistically slaughtered in the last…
Here Are Goldman’s Top Trades For 2021
Following that disaster that was Goldman’s Top trades for 2016, when the bank promptly closed out virtually all of its best ideas at a loss within weeks of publication, there is little point to discuss the signal-to-noise ratio of the annual spectacle that is Goldman’s top strategists sitting down and deciding what trades to lure…
“This Is Huge”: World’s Biggest IPO Trades 50% Higher In Gray Market After $3 Trillion In Retail Orders
Last week we reported that thanks to what may be the world’s most sophisticated check kiting scheme, Chinese and Hong Kong banks were giving local retail investors a mindblowing 33x margin leverage with which they could then turn around and purchase stock in what is now the world’s largest IPO – China’s fintech Ant Financial,…