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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
Daily Archives: June 24, 2013
Chinese cash squeeze spreading global market risks
The most highly levered, thinly participated global financial markets since 2007 can ill absorb a cash squeeze in the world’s 2nd largest economy. Chinese stocks were down a further 5.3% last night and the Shanghai Composite is now below 2000 … Continue reading
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HFT creating fantasy volume to lure in other investors
Financial markets today have a plethora of fundamental problems and instabilities magnified by intentionally opaque disclosure and liquidity juiced, over-valuations. And on a technical note, HFT has turned fund flows into a freak show of farce, fraud and fantasy. (“But … Continue reading
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BIS boss to central banks: time to back down
The Bank of International Settlements (BIS), the banker to the world’s Central Banks, this weekend released its 83rd annual report. The conclusions are candid, reasonable and precisely what liquidity-addicted markets and traders were not expecting to hear [ever]. After 6 … Continue reading
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