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SOFR positioning / SPX : ''Hedge this rally'' / OpenAI ..! / JPY! / EU inflation down, ECB forecast way offside already

  • sc0172
  • 12 minutes ago
  • 3 min read

  • No limit... OpenAI proposes handing Trump administration 5% stake. Sam Altman’s start-up in early talks for a public ownership deal as political pressure rises, and Trump says Micron will be investing $250 million into Trump Accounts

  • Markets : In the past two days: Citi, Bank of America (''Hedge the rally''..), Citadel, IMF, Apollo & BIS have all warned for one reason or another. There’s a signal there somewhere…, Leveraged Fund Short Position in SOFR (Secured Overnight Financing Rate) Futures hits an all-time high, some $700 Billion in Notional Exposure in shorts... (beware short covering!!..), Fed's Warsh vows to 'disappoint' anyone who thinks he will tolerate inflation above 2%, Google loses in court against the record fine of 4.1 bio EUR, there should be little surprise is BoJ gets involved with JPY again as we head into the new quarter

  • Eurozone headline inflation printed 0.6% below ECBs own expectations (for the Q3 peak) from the forecast made in June >> ECB forecasts HUGELY offside already

  • US, Iran talks conclude in Doha, focused on Strait of Hormuz. Sources familiar with the discussions said negotiators for the two countries spent two days in Doha discussing maritime traffic in the Strait of Hormuz and unfreezing Iran's funds

  • Brexit turned Britain into a vulnerable third country outside the Single Market just as trade wars between big blocs intensified

  • Hedge fund run by UK’s wealthiest financier loses £200m tax battle, says UK no longer a serious contender as a place to do business.... sour grapes or ?..


CITI WARNS OF GROWING BEARISH PRESSURE ON NASDAQ Citi says bearish positioning is building in the Nasdaq and S&P 500, with elevated long positions leaving the Nasdaq vulnerable to further selling. Meanwhile, investors continue rotating into small-cap stocks. In Europe, weakening flows point to fragile sentiment, while Asia shows mixed positioning, with bullish bets in South Korea and heavy bearish positioning in Hong Kong increasing short-squeeze risks.


BOFA: HEDGE THE RALLY Bank of America is urging investors to hedge further S&P 500 gains, warning the recent rally is losing momentum and could give way to a “three-wave correction” through September. Technical strategist Paul Ciana sees the index falling as low as 6,850—about 8% below current levels—and warns that even new highs could be a “head fake” before a broader pullback.










Chaos at Swissquote?

Tax statement cut in half, tax voucher corrected, incorrect account debit. Are these isolated incidents, or is something amiss in the digital bank’s back office?
































 
 
 

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