R. Christopher WhalenMay 31, 20226 minQT Means Short Credit RiskMarket risk realized today becomes credit risk tomorrow...
R. Christopher WhalenMay 29, 20222 minThe IRA Bank Book | Outlook Q2 2022The sharp rise in bank stocks in 2021 coincided with a surge in operating income due to COVID. Now we reverse that trend in 2022...
R. Christopher WhalenMay 25, 20229 minFOMC vs TGA; PennyMac Financial & United Wholesale MortgageNet, net, the dynamics in the market are actually forcing interest rates down
R. Christopher WhalenMay 23, 20227 minEquity Market Valuations & Quantitative TighteningThe reduction in the Fed's balance sheet is the largest ever margin call on equity exposures of all descriptions.
R. Christopher WhalenMay 18, 20226 minUpdate: Crypto Frauds and Fintech DreamsQ: What do Elon Musk and Masayoshi Son have in common? Gigantic margin loans...