QuiCQ 16/01/2026
Markets close; risk doesn’t
“…because as we know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns—the ones we don't know we don't know.”
— Donald Rumsfeld
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Today’s QuiCQ will leave up to its name: Quote, Chart, Quotes all in a flash.
The only observation I leave you with today is as follows:
Have you ever noticed that all US-induced geopolitical events over the past 12 months, including heavy-artillery (aka DoJ) attacks on the Fed, were executed over the weekend, when futures markets are closed? Just saying …
We have several grey swans floating on the lake:
Greenland
Iran
Cuba
Colombia
etc.
etc.
etc.
And of course, there are always Donald Rumsfeld’s Black Swans hiding in the reed.
With not enough fire power in form of a Carrier Strike Group arriving until next week at the shores of Iran, coupled with Mr Trump spending two days amongst his provincial Governors and Praefecti, we may have a quite weekend ahead.
Hence, the final advice is, under the current new world order, be very aware of what (trading) positions you keep open over the weekend.
And talking of weekends … Enjoy it!
André
Do not get me wrong, we are bullish equity markets, not least many breadth indicators are giving strong buy signals. However, this weekend “problematic” addressed above, coupled with equity (VIX) AND bond (MOVE) volatility being at levels well below the average of the past three years, leave both markets vulnerable to … mmmhhh … “excitement”:
