maybe it's because ppl are working from home so secrets stay hidden i kinda miss the days when bloomberg was good for 1+ juicy, indepth story a week, or at least 2-3x solid ones a month on individual traders, their shenanigans, what everyone is up to there were always some good tidbits, details that provided a bit of spice nowadays it's getting rather bland, like season 5 of a tv show, the writers are not sourcing real exciting angles anymore
Trading/traders/markets are dead. Modern markets are so obsessed with the Federal Reserve it is scary. If you go to a financial website, I would bet that on 28 out of 30 days, one of the front page stories has the word "Fed" in it with a picture of Powell's face right up near the top of the screen. It never used to be like this 20 years ago. Back then, you'd get Greenspan speaking once a week....now we seem to get 4 speakers from the Fed every single week. It's not healthy.
That was day of expiry, thin liquidity, and monster East Coast storm incoming all rolled into one. Something similar happened during Hurricane Harvey a few years ago, where RB spiked hard and WTI collapsed, for a day or two.
Found this although they don't name names. Guy doesn't seem like the sharpest tool in the shed but it is yahoo after all. Market check: Stocks lose steam into session close https://finance.yahoo.com/video/market-check-stocks-lose-steam-211409642.html .......... JARED BLIKRE: Yeah, so we had February natural gas futures expiring today. And there was a huge short covering rally into the close. Let me just get an internal-- excuse me-- intraday chart here. And you can see what a close that was. You can see even more on the candlestick basis, came up, came down, and then settled right in the middle. That is a major pain trade. I just want to show what's happened in natural gas over the last five years. This spike is equal to the range you might see in an entire year or multiple years. If you take a look at the 20-year picture for natural gas, haven't seen a jump like this or the prices anyway since about 2006. And they call natural gas the widowmaker for a reason. Lots of pain in these trades. When it blew up in 2006, also blew up Amaranth-- I think Amaranth Capital was the name. Anyway, that was the biggest loss to date for a hedge fund. I think it was $6 billion. I wouldn't be surprised if there's some more pain today. Looking ahead to the March contract, which has been live for some time, we can see-- let me get a one-month view here. We could see a huge spike up there, too. So maybe some more pain trades in the energy market to come. ..........
Well, RobinHood has lost half billion bucks by being the most popular trading platform. Juicy enough?