Minutes sono stati hawkish però... sono vecchi.
Da allora il focus dei mercati è passato dal "moriremo tutti per l'inflazione" al "moriremo tutti per la recessione". La FED vuole fare una pausa dal rialzo tassi a fine anno per fare il punto della situazione e ciò coincide con le aspettative del mercato che addirittura rischia di portare avanti il primo taglio tassi a 1Q23.
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Di rado ho visto una vagonata di FUD così grande come sta avvenendo per l'Euro
Euro Sinks to Edge of Dollar Parity as Pros Call It ‘Unbuyable’
Shorting the euro is one of the most popular trades in the market, and strategists from Nomura International Plc to HSBC Bank Plc have told clients to expect more losses ahead. According to Bloomberg’s options-pricing model, there’s around a 50% implied probability of the currency hitting parity versus the dollar in the next month.
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Attenzione al crollo Three Arrows perchè si sta tirando dietro nomi importanti:
Crypto Lender Genesis Confirms Exposure to Bankrupt Three Arrows Capital
The fuller extent of the impact of Three Arrows on the industry is starting to emerge as more crypto lenders and brokers disclose exposure to the fund’s bad debt. Three Arrows Capital is set for liquidation ordered by a British Virgin Islands court, and it has filed for Chapter 15 bankruptcy protection in New York. Blockchain.com and Deribit, a crypto derivatives exchange, were among creditors that sought the liquidation of Three Arrows.
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Nuova importante ricerca del Team Kolanovic su illiquidità e reversal di SP alle 13 ora merigana:
The S&P 500 fell as much as 0.6% around noon Wednesday and then wiped out the entire decline to end the session higher. The advance came one day after the index erased a loss of at least 2% for the fourth time this year. Such reversals, whether partial or in full, have become more pronounced in the past two years, with an inflection usually taking place around 1 p.m., according to a new study by JPMorgan Chase & Co. It’s a departure from the previous three years -- when rallies or selloffs at the open tended to endure through the close.
By JPMorgan’s estimate, the market has become more susceptible to larger moves. In 2017, it took as much as $6 billion of order imbalance over five minutes to move the e-mini futures by 1%. By May 2022, a similar market impact required less than $1 billion of order imbalance.
