- Eurozone inflation dips from two-year high – FT
- Global Regulators Try Again to Eliminate Money-Market Hazards – Bloomberg
- BOE Chief Economist Says U.K. at ‘Dangerous Moment’ as Inflation Heads to 4% – Bloomberg Economics
- Fed Unity Cracks as Inflation Rises and Officials Debate Future – NY Times
- A Clear Balance of Global Inflation Factors – Snider at Alhambra
- Many Hate Short Sellers, But the Stock Market Needs Them – Bloomberg Businessweek
Month: June 2021
Tuesday’s links
- US banks to pay extra $2bn in quarterly dividends – FT
- Our Financial Early Warning System Is Broken – Bloomberg Opinion
- Commodity Traders Harvest Billions While Prices Rise for Everyone Else – Bloomberg
- The Fed should worry about housing – FT Unhedged
- What’s Behind Markets’ Puzzling Reaction to the Fed – Barron’s
- US home prices rise at fastest pace in more than 30 years – FT
Monday’s links
- US cannot afford housing market ‘boom and bust’, warns Fed official – FT
- El-Erian: Fed is behind on inflation and risks another recession – CNBC
- U.S. Job Market Begins a ‘Weird Summer,’ With Choppy Recovery – Bloomberg
- Corporate America lacks faith in the Fed to control inflation – CNBC
- Are Corporate Zombies Still Stalking Bond Markets? – Alexandra Skaggs in Barron’s
- Investors will buy anything now – Matt Levine in Bloomberg
Update: 25-June-2021
Anson Funds CIO Moez Kassam comments in Financial Times story.
The market has seen the share prices of various companies surge to unbelievable levels in 2021, fueled by the efforts of “meme stock armies”.
Losses inflicted by retail investors have proved a rude awakening to hedge funds, which had just enjoyed a banner year in 2020 making their biggest gains since the aftermath of the financial crisis, according to HFR. Some funds are considering taking a greater number of smaller short positions to cut down on the potential losses a single stock can cause, say industry insiders.
Financial Times 24-June-2021
Moez shares some of his thoughts on the topic with the Financial Times.
See the full Financial Times article:
Hedge funds rethink tactics after $12bn hit from meme stock army
Thursday’s links
- Money market funds: the tale of two diverging paths – FT
- BOE Warns Against Tightening Too Soon as Inflation Surges – Bloomberg Economics
- The Fed’s Interest Rate Target Is Obsolete – Bloomberg Opinion
Wednesday’s links
- Central banks step up fight against cryptocurrencies – FT
- U.S. New-Home Sales Post Surprise Drop Amid Record-High Prices – Bloomberg
- Booming business activity in Europe and US fuels inflationary pressure – FT
- Bank of England Caught Between Inflation and the Delta Risk – Barron’s
- No End to Whiplash in Meme Stocks, Crypto and More – NY Times
- Downward spiral in liquidity is leading to more market shocks – FT
Tuesday’s links
- Democratic lawmaker warns Fed on raising interest rates too soon – FT
- The Stock Market Enters Late-Stage Fanaticism – Bloomberg Opinion
- Pandemic Stimulus Was Front-Loaded; That Could Mean a Bumpy Year – NYT
- Canada’s Housing Market ‘Gone Berserk’ Stirs Unease Over Investors’ Clout – Bloomberg
- Watch These Signs for Rising Risks in Emerging Markets – Barron’s
Monday’s links
- What Investors Can Learn From the History of Inflation – WSJ
- Gold Gains as Biggest Weekly Loss in 15 Months Lures Investors – Bloomberg Markets
- Bank Stocks Got Beaten Up by the Fed. How the Fed Can Help Them Bounce Back. – Barron’s
- Emerging markets are right to worry about capital flows – FT
- Net flows into inflation-linked ETPs surge to a record $4.4bn in May – FT
- There was no hawkish surprise – FT Unhedged
- The elasticity of five basis points – Fed Guy
Friday’s links
Thursday’s links
- The Fed nailed it – FT Unhedged
- Market narratives have pushed aside fundamentals – Ritholtz in Bloomberg
- No inflation worries at the Fed – WSJ Opinion
- Fed Finally Acknowledged the Booming Economy. It’s Still Ignoring Bubbles – Barron’s
- The Fed Continues to Fall Behind the Curve – El-Erian in Bloomberg