Lots More on Solving the Mystery of the Big Market Selloff
Odd Lots6 Aug 2024

Lots More on Solving the Mystery of the Big Market Selloff

The S&P 500 has plunged more than 5% over the past couple of trading days. The Nasdaq 100 is down 7%. The Nikkei fell an astonishing 13% on Monday and then triggered a circuitbreaker as it climbed up 10% on Tuesday. Meanwhile, measures of equity market volatility like the VIX have soared to their highest levels since the pandemic crisis of 2020. So what’s behind all these dramatic moves? There’s a long list of culprits, with market participants blaming everything from the Federal Reserve being behind the curve, to the deteriorating labor market and softer-than-expected payrolls data on Friday, as well as the unwinding of the yen carry trade, the bursting of the AI bubble, and the reversal of short-volatility trades. In this emergency episode of Lots More, we speak to Charlie McElligott, cross-asset macro strategist at Nomura, about what caused the selloff and how long it might last.

Read More:
$6.4 Trillion Stock Wipeout Has Traders Fearing ‘Great Unwind’ Is Just Starting
Risky Borrowers Discover Doors Are Closing in Bond, Loan Markets

Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots

    See omnystudio.com/listener for privacy information.

    Avsnitt(1182)

    Anthropic, the Pentagon, and the Future of Autonomous Weapons

    Anthropic, the Pentagon, and the Future of Autonomous Weapons

    The last big story right before the war in Iran started was the collapse in the relationship between the Pentagon and Anthropic, with the latter objecting to any potential use of its models in either ...

    28 Mars 51min

    Now There's a Helium Shortage and It Affects More Than Balloons

    Now There's a Helium Shortage and It Affects More Than Balloons

    Ripple effects from the war in Iran and the closure of the Strait of Hormuz continue to widen. There's yet another brewing shortage, this time in helium. While most people associate helium with balloo...

    27 Mars 50min

    This Is How Big Money Is Trading the War in Iran

    This Is How Big Money Is Trading the War in Iran

    Markets are often said to be "headline-driven," but that cliché has rarely felt more true than it does right now. A single tweet or Truth Social post can send prices sharply higher or lower, and inves...

    26 Mars 39min

    The Petrochemicals Shock That's Already Rippling Through Plastics

    The Petrochemicals Shock That's Already Rippling Through Plastics

    Everyone knows by now that war in Iran is curbing the flow of oil around the world. But oil isn't just a gasoline and jet fuel story, of course. It's also a crucial feedstock for a bunch of petrochemi...

    25 Mars 53min

    David Shor and Byrne Hobart on the Politics of a White-Collar Wipeout

    David Shor and Byrne Hobart on the Politics of a White-Collar Wipeout

    Nobody knows when or if AI will lead to mass displacement of white-collar work. But the anxiety is clearly here now, and there's very little evidence that our politicians are taking it seriously. Of c...

    24 Mars 55min

    What the Iran War Means for Dubai's Luxury Boom

    What the Iran War Means for Dubai's Luxury Boom

    Dubai has become a huge destination for the rich, with an influx of high-net-worth residents driving up property prices and boosting the UAE's tax revenues in recent years. And of course, Gulf countri...

    23 Mars 55min

    Introducing: Leaders with Francine Lacqua

    Introducing: Leaders with Francine Lacqua

    What makes a leader successful? Francine Lacqua interviews top CEOs and global industry leaders for candid lessons on leadership, management, and the future of work.See omnystudio.com/listener for pri...

    22 Mars 1min

    Here's Why The Iran War Is Prompting A Safe Haven Rethink

    Here's Why The Iran War Is Prompting A Safe Haven Rethink

    Here's Why is Bloomberg’s short explainer podcast, where we take one big news story and break it down in just a few minutes with help from our experts across the newsroom. We're dropping into your fee...

    21 Mars 12min

    Populärt inom Business & ekonomi

    framgangspodden
    varvet
    rss-jossan-nina
    svd-tech-brief
    badfluence
    rss-borsens-finest
    uppgang-och-fall
    avanzapodden
    fill-or-kill
    rss-svart-marknad
    tabberaset
    bathina-en-podcast
    rikatillsammans-om-privatekonomi-rikedom-i-livet
    24fragor
    rss-dagen-med-di
    lastbilspodden
    kapitalet-en-podd-om-ekonomi
    rss-inga-dumma-fragor-om-pengar
    montrosepodden
    dynastin