IBAFIN

Gold prices have been experiencing a significant decline in recent weeks, and many are wondering how far this trend may continue. As we approach key short-term supports, it’s important to consider the potential for further movement lower and the levels that could be reached. In this blog post, we’ll take a closer look at the…

Yesterday’s market action saw a shift in momentum as retail investors continued to drive the bus, despite a pullback in high beta momentum names. The GSPRHIMO factor led the way higher, adding over 300bps, while the GSTMTDAT and GSPUARTI factors also contributed to the upside. However, the RTY, NDX, and SPX indices all saw gains,…

The recent speculative growth unwind has hit a temporary pause, as the S&P 500 sees a mere 10 basis point increase. This development comes as earnings continue to ramp up, with several companies reporting strong results so far. Meanwhile, the delayed US CPI print is set to release on Friday, providing further insight into the…

The market saw a significant reversal today, driven by strong earnings reports from financial stocks and a decrease in trade tensions. The S&P 500 index reached new highs for the year, with ETFs leading the charge and nearing record highs. However, liquidity levels have plummeted to their worst levels since August, indicating a decrease in…

The front-end of a bank is often thought of as the face of the institution, where customers interact and conduct transactions. However, there is another side to the front-end that could have significant implications for central banks. By treating the front-end of a bank as a treasury, with dry powder to deploy at the Bank…

The Japanese yen (JPY) has been experiencing a tumultuous period, with cross currency basis taking center stage while interest rates took a back seat. The Bank of Japan (BoJ) saw a small increase in yields this week, with OctoboJ (+2.5bp) garnering attention. Despite the uptick, it remains uncertain whether an actual hike will occur, and…

Late hedging is a crucial aspect of risk management in the financial industry, and it’s essential to understand how to identify potential blow-up trades. In this blog post, we will analyze a credit blow-up trade from FICC and provide insights into the techniques used to identify late hedges. To begin with, let’s define what late…

As investors, we are constantly navigating the ups and downs of the stock market. Recently, UBS Rebecca Cheong has highlighted potential short-term downside risks in US equities, citing historical data and current market conditions. In this blog post, we will delve into the analysis provided by Cheong and explore the potential implications for investors. Cheong’s…