Fed halting QT December 1st - is this an all-clear signal for equity investors?
Jeremy Sappern
Danielle DiMartino Booth
Fed stopping liquidity drain provides marginal Treasury market support through mortgage prepayment mechanism
Is Fed bailing out $2.4T hedge fund basis trades by stopping QT to save repo market?
Jeremy Sappern
Danielle DiMartino Booth
Only banks can borrow from Fed's standing repo facility; hedge funds deep in repo market causing funding dislocations
BlackRock CLO failed solvency test - is fee waiver extend-and-pretend?
Jeremy Sappern
Danielle DiMartino Booth
Smaller private credit operators at risk; contagion is main concern as underlying collateral deteriorates
Labor market contradiction: 119K jobs beat vs 2M continuing claims
Jeremy Sappern
Danielle DiMartino Booth
Trust real-time claims data showing 40% exhaustion rate; unemployment already at 4.44%, near Fed's 4.5% target
Michael Burry warning about AI chip depreciation - massive earnings hit coming?
Jeremy Sappern
Danielle DiMartino Booth
AI bubble shift from cash flow financing to debt financing; investors skeptical of earnings quality
Oracle CDS explosion - market hedging AI credit risk rather than equity?
Jeremy Sappern
Danielle DiMartino Booth
CDS usage indicates defensive positioning; margin debt at dangerous levels relative to GDP
Ray Dalio recommending gold diversification - only asset that works long-term?
Jeremy Sappern
Danielle DiMartino Booth
Gold ultimate safe haven but vulnerable to margin calls in crisis; more liquid than Treasuries
2026 landscape with corporate refinancing wall and exhausted consumers?
Jeremy Sappern
Danielle DiMartino Booth
Recognition of recession risk key; 2/3 Americans expect unemployment to rise; Fed political pressure for zero rates and QE
Oil prices reflecting slowing global demand?
Jeremy Sappern
Danielle DiMartino Booth
Oil behaving correctly based on supply/demand fundamentals; no country leading global recovery like China 2009