“If you read it, it’s pretty clear...I’m not allowed to run. It’s too bad,”

CTAs and macro hedge funds look like they have taken their positions in gold and silver back to nearly flat, clearing the markets for an eventual resumption of their uptrend after some consolidation.

...the dissonance between ORCL equity dreamers and credit realists is dramatic to say the least...

Tellingly, both Cheney and Thompson received preemptive pardons from President Joe Biden for any wrongdoing committed during the congressional investigation...

It's hard to be data-dependent when there's no data.

Schmid better not have any outstanding mortgages...

The Colorado case shows just how real, violent, and organized this group is in the United States...

Funding spreads are not stretched, CTA signals remain positive, dealers’ gamma is not a headache for at least another 3 weeks, buybacks are back and we are now almost past the US mutual funds selling on the back of fiscal year-end...

"We see room for Fed to not only end QT in October but restart balance sheet growth." - Mark Cabana, BofA

"We expect a 25bp cut, soft signals that a December cut is likely and – more likely than not – an announcement of the end to QT and balance sheet run-off" - Goldman

“They do pose potential health threats and are aggressive,”

Today a batch of Mag 7 heavyweights - META ($1.9T mkt cap); MSFT ($4T mkt cap) and  GOOGL ($3.2T mkt cap) - collectively representing nearly $10 trillion in market cap, will report earnings. Here's what to expect. 

Sudden spikes were detected about an hour ago...

"With policy, profits, and politics colliding, this could be the week that tests how durable the risk rally really is.”

While many air traffic controllers have increasingly missed work, others have temporarily taken second jobs, officials say...

NDX up, volatility up means the crowd is in "must show" upside exposure mode. Easiest way to show that exposure is by loading up on calls, pushing volatilities higher.

Hostile actions...

As equity valuations approach the record highs of 1999, investors are growing anxious...

Murti, Sankey, Townshend, McGlone... Tonight ZeroHedge hosts expert panel on black gold.

Gold’s current bout of weakness is in line with history... before resuming its rally about 10-12 weeks later on average...