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Wednesday, February 7

7th Feb - Normalization







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

German Parties Reach Grand Coalition DealZH



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 BombBB
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 BriefingFT
Stocks rebound, German coalition deal, Tesla space car 

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

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

“Best of the web” daily chartsLukas Daalder

Danske DailyDanske Bank

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

Brussels PlaybookPolitico
Votes for all in Brussels — Spitzenkandidat system on the rocks — Naughty Germany

Five Things You Need to Know to Start Your DayBB

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

FrontrunningZH


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