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Skiing in Whistler next week, so taking a short break from the notes. Back on the 16th.
Oil markets are currently pricing in a short-term disruption, as reflected in the current term structure. The move has been concentrated in near-term maturities, with prices for end-of-year contracts rising only about $3 per barrel.(@MikeZa...
Korea’s KOSPI fell double digits overnight, triggering circuit breakers, and is now down over 15% in the past two sessions as the memory-chip selloff accelerates. Likely a speculative flush driven by leveraged Korean retail investors. (@zer...
Strange data out of China. BYD sales are collapsing. Capacity utilization has fallen below 50% and sales are down 41% YoY. That is not noise. (@alojoh)
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