It is the 22nd of May 2018


GMO Spots A "Monumental Shift" In The Market

One of the urban legends to have emerged after the February vol explosion is that it was mostly retail investors who got crushed by the record spike in the VIX, which in the process wiped out several vol-shorting ETFs in the span of minutes, vaporising years of accumulate paper profits from being short volatility. While entertaining and overflowing with schadenfreude, this take was also wrong, as countless institutions also found themselves crushed by the events of February 5.

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Peter Navarro Excluded From China Talks After Exploding At Steven Mnuchin, Wilbur Ross

Update: according to Axios, during the US delegation's trip to Beijing two Fridays ago, Navarro "blew up" at Mnuchin over his decision to participate in one-on-one talks with his Chinese counterpart Liu He. Navarro cursed at Mnuchin and fumed about being shut out of the talks, the sources said.

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Dollar Drops, Yields Pop As Small Caps Squeeze To New Record High

Interest rates and stocks are going...

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Inside Ecuador's Multi-Million Dollar Operation To Spy On Julian Assange

Ecuador has spent at least $5 million over the last five years on a "secret intelligence budget" for the surveillance and protection of Julian Assange in its central London embassy, according to documents seen by the Guardian.

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Washington Judge Kills Manafort's Motion To Dismiss, Setting Stage For September Trial

A Washington judge on Tuesday refused to dismiss the charges pending against former Trump campaign executive Paul Manafort, partially dashing his hopes of walking away just as the investigation is entering what many expect will be its home stretch.

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