Since the coronavirus breakout and the following lockdowns, there is no doubt that Banks have been massively hit. But there might be more to come. First, with the deterioration of the economy, many Banks will have to build more reserves for credit losses. As JP Morgan underlined during its latest earnings, “provisions for credit losses […]
Archives for May 2020
Stocks: from one extreme to another.
The Stock Market has been on a tear since the lows on the 23/03/2020. What happened on the same day? The Fed announced QE Infinity. Simple coincidence? I guess not. Technology companies have been outperforming the market with some big moves across the Technology Sector. The Nasdaq Composite is up 1.7% for 2020 and is […]
Black Swan FX Trade
Recently, the Oil Market has experienced a Black Swan Moment: collapsing demand, contango issues, storage scarcity, technical forced sellers, ETF dislocation ($USO)… All of this translated into this infamous move with negative pricess. To be perfectly clear, it was mainly driven by technical factors on contract expiring and forced sellers as storage was […]