This Hedge Fund Trade Is Stirring Fresh Controversy in the CDS Market

The McClatchy situation is the latest trade that’s drawing jeers from critics who say the $11 trillion CDS market has devolved into a haven for manipulation. One regulator has already warned it’s looking at practices in the market after another trade by Blackstone Group LP’s credit arm that would engineer a …

It kills any lingering “buy on dips” confidence. Worse, it creates the susceptibility to selling out when articles appear explaining what is wrong and how it could get worse. Therefore, if a breakdown occurs, there is a good chance that we will see a shakeout. There is plenty to worry about, and the market has …

When parent company Daimler launched Mercedes-Benz Energy Americas in November 2016, it raised the stakes on the promising — if also untested — market. Tesla dominated public awareness with its Powerwall, even though few customers were actually buying it or any of the competing home battery …

“People don’t necessarily have conviction at the moment on their holdings,” Joe “JJ” Kinahan, the chief market strategist at TD Ameritrade, said by phone. “Every day, there’s sort of a new sector that’s the sector leading the way. Last year, you knew it was going to be technology or financials, primarily the …

The dollar is rallying again after floundering for most of the past year, another sign that global growth momentum may be shifting back to the U.S. and away from other major economies. Signs of stronger U.S. economic growth and inflation are becoming a central focus of financial markets, helping lift the …

The private securitization market is looking no better prepared to handle the risks inherent in mortgage lending. Market participants convened by the Treasury Department and the Structured Finance Industry Group, a trade association, have made useful recommendations on how best to balance the …

While he said it was hard to predict the timing of any correction, Solomon said he sees signs of greed, not just in the bond market but in some stock valuations. “People have been reaching for growth, and if you look at a bunch of these growthy companies and the value that people will pay for forward growth …

That’s reflected in the broader market: Commodity Futures Trading Commission data show net non-commercial positioning remains bearish on the greenback, even after recent gains took the Bloomberg Dollar Spot Index to levels last seen in January. Dollar bulls will be encouraged by U.S. yields, which, …