Sudden Debt

One chart best captures the AI meme stock nature of equity markets right now: SoftBank owns a considerable chunk of OpenAI equity, currently...

 In these frothy days I view cryptos and stocks as two sides of the same risk coin - pardon the pun.  I'm pretty sure that many risk-hun...

 Yesterday S&P 500 fell a mere 0.92% - and yet the news today talk about a "market rout".  What does this mean to me?  That ...

The US Treasury basis trade consists of buying a Treasury bond in the cash market and selling the underlying futures contract. The differenc...

 In the months before the Crash of 1929 the phenomenon of “bull pools” gained great popularity. A bunch of wealthy individuals would pool th...

 Following the Democratic sweep in yesterday’s elections, it is a good time to ponder socioeconomic risks facing the US and their likely imp...

 According to CBOE data almost 60% of all SP500 option daily volume now comes from the most extremely speculative and leveraged instrument o...

The amount of margin debt in the US has soared to a new high of $1.13 trillion in September (data: FINRA). Some will say that we should look...

 The Great Debt Crisis of 2008-10 was the result of inordinate leverage created by arcane derivative instruments like debt tranches, Collate...

The US bond market is getting hammered lately as investors and traders realize that (a) the economy is not collapsing and (b) the Fed will k...