from Morning Bid with David Gaffen:

These prices are insaaaaane!

December 15, 2014

It’s time to pause and take stock of the effect of the oil slump and dollar rise on markets, rather from just marveling at it. Market-watchers tend to look at one asset and attempt to use it as a guide for what will happen in another.

from Morning Bid with David Gaffen:

The Putin death cross

December 12, 2014

What do we call the moment when the  Russian ruble and a barrel of West Texas crude intersect? How about the Putin death cross? (Credit to Reuters Americas markets editor Dan Burns on this one).

from Photographers' Blog:

Boom and bust in Parachute

December 12, 2014

Parachute, Colorado
By Jim Urquhart

"I don't know how you can weather this if you can't roll."

Much of the history of the American West is based on stories of booms and the almost inevitable bust that follows. The land is dotted with decaying remnants of towns that once seemed to be drenched in fortune but then strangled by the drought of bust.

from Global Markets Forum Dashboard:

Hedge fund pool shrinks as assets grow, clients still bet on alpha – Steinbrugge

December 11, 2014

The hedge fund industry is on track to finish out the year both with record assets and a huge chunk of fund closures. Of the 240 funds launched in the third quarter 200 were liquidated, according to data from Hedge Fund Research. Year-to-date through September's end, there were 814 launches and 661 liquidations, HFR data showed.

from Morning Bid with David Gaffen:

That’s a big Twinkie

December 11, 2014

The market’s gyrations are a bit more than many people want to handle this time of the year, but it’s a time when stupid stuff happens, and lack of liquidity combined with concerns about the world economy are raising questions that, essentially, seem like the same question: Has this equity-market surge come too far, and are we due for the “big” Stay-Puft Marshmallow Man-sized thing that everyone has been anticipating since, well, more than two years now?

from MacroScope:

ECB numbers game

By Mike Peacock
December 11, 2014

E

European Central Bank President Mario Draghi pushed the envelope as far as he could last week, saying a review early next year would decide whether money-printing to buy government bonds was needed. He said he didn’t need unanimity within the ECB to force it through.

from Global Markets Forum Dashboard:

Sell, baby, sell: Sinking oil prices among global headwinds into 2015: Canadian fund manager, US economist

December 10, 2014

The rout in oil will have wider reaching consequences yet.

The Organization of Petroleum Exporting Countries’ decision not to cut production amid slowing demand coupled with large increases in U.S. oil output has skimmed some $40 off a barrel of oil inside of five months.

from Morning Bid with David Gaffen:

Oil, toil and trouble

December 10, 2014

A bit of tumult has entered global markets as the year comes to a close, with various reasons proposed for the gyrations that we've seen in Greece, Japan and China in recent days. Some are linked to fundamentals in those specific nations. The rest are due to reduced liquidity. Speculation has heated up over whether the Fed is going to remove the "considerable time" language that has been in its statements for, well, considerable time, as it relates to monetary accommodation.

from Morning Bid with David Gaffen:

Sapping Energy

December 9, 2014

Don't expect the selling in the energy sector to end anytime soon. With tax loss selling dominating the rest of the month, the energy stocks, which have been the worst performer this year in the Standard & Poor's 500, are slated to perhaps lose even more ground. That's particularly true as the price of oil continues to decline. (We are right now eagerly awaiting the moment when the Russian rouble crosses the price of oil, an occurrence that would've seemed unfathomable even just two months ago.)

from Morning Bid with David Gaffen:

The Market’s Silly Season

December 4, 2014

The meaningful part of the year is drawing to a close (near as I can see it, there's tomorrow's jobs report, the Fed meeting in two weeks, and, yep, that's about it), and as we head into the silly season for happenings in our markets, here's a laundry list of oddball things to consider: