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Wednesday, February 7

7th Feb - Normalization







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EUROPE
Leonid Bershidsky: Merkel Has Just Handed Her Rivals a Future – BB
The new finance minister has secured a chance to revive his center-left party.

German Parties Reach Grand Coalition Deal – ZH



MARKETS / OTHER
Market Drop Mystery Solved, And How To Trade The Next Few Days – ZH

Greenspan Putlessness – Tony Yates

Flash Crash or Topping Process? – Christopher Pavese

Steven Englander: The Market Narrative... And Why It's Wrong – ZH

The Market Narrative... And Why It's Wrong – ZH

Someone is wrong on the internet, wages and the stock market edition – FT

Deutsche: Last 36 hours a dress rehearsal for the eventual bear market – ZH

Mark Spitznagel: Modern Portfolio Management's "Volatility Tax" – ZH

BofA:  This Was A "Minsky Moment" For The VIX – ZH

The Rules, Part LXIV – David Merkel

Inside Wall Street's $8 Billion VIX Time Bomb – BB
Before whirlwind, banks turned volatility into the hot item * VIX was seen as sure thing -- until it suddenly wasn’t anymore

A Map to the Underworld: $2 Trillion of Volatility Trades Here – BB
Products tied to market swings put in spotlight amid selloff * Inverse VIX ETPs grew in popularity with short-vol trade


REGULARS
FirstFT Daily Briefing – FT
Stocks rebound, German coalition deal, Tesla space car 

WSJ City – WSJ
Volatility Emerges as Bull Market Threat, White House Downplays Seesaw Trading, Why the IPO Market Can’t Catch a Break

WSJ Economics – WSJ
Markets, Inflation and Wages | Fed Officials Out in Force | U.S. Trade Deficit With China Hits a Record

“Best of the web” daily charts – Lukas Daalder

Danske Daily – Danske Bank

Daily Market Comment – Marc Chandler
Guns and Butter May Resolve US Legislative Logjam

Brussels Playbook – Politico
Votes for all in Brussels — Spitzenkandidat system on the rocks — Naughty Germany

Five Things You Need to Know to Start Your Day – BB

US Open – ZH
US Futures Resume Slide As VIX Rises: Dow Set To Open Down 200 As Dip Buying Fails In Asia

Frontrunning – ZH


FINNISH
Aamukatsaus – Nordea
USA:n hallinnon sulku-uhka lähestyy | Kiinan valuuttavarannot kasvoivat todennäköisesti tammikuussa | Korot kulkivat eri suuntiin euroalueella ja USA:ssa

Aamukatsaus – Danske Bank

Uskontunnustus eurokeskustelun esteenä? – Peter Nyberg