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Olduvai III: Catacylsm
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Nomura Exposes The Fed’s Imminent “Mega-Shift” – Beware Quad Witch & “Untethered” Markets

Nomura Exposes The Fed’s Imminent “Mega-Shift” – Beware Quad Witch & “Untethered” Markets “This is a big deal,” warns Nomura’s Charlie McElligott – a man not known for hyperbole – as he reflects on the sudden, dramatic changes occurring in the very deepest levels of plumbing of the world’s supposed most-liquid markets. Another massively over-subscribed repo […]

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Shocktober’s Not Over – McElligott Sees More “Rolling Minsky Moments” As “Pseudo-Stability” Unravels

Shocktober’s Not Over – McElligott Sees More “Rolling Minsky Moments” As “Pseudo-Stability” Unravels Just before last week’s interest-rate driven market selloff entered its most acute phase, we cited CTA positioning data from Nomura showing that systematic funds had not yet begun the painful process of deleveraging as certain “triggers” had not yet been met. But […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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