Yesterday in this space we discussed the illusion of massive equity market gains since the Nov 8th election (Alternative Tracks). The reality is that the S&P 500 (SPX) is up a mere 3.5% from the …
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Volatility Speaks: But what is the Message? In an efficient market, expected returns are a function of market risk as measured by the standard deviation of returns. Implied volatility on market indexes, such as the …
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Shares of Qualcomm (QCOM) are down 12% today following Apple’s (AAPL) $1 billion lawsuit against the mobile chip make, alleging QCOM, per WSJ: leveraged its monopoly position as a manufacturer of baseband chips, a critical component …
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The average price for the last 100 days for the S&P 500 (SPX) has been about 2190, or about 3.5% below Friday’s close of 2271. While the sense is that the stock market surged following …
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In the Precious Metals Arena, Choosy Investors Prefer Platinum Trading commodities is a very tricky endeavor on the very best of days. While one can make an attempt to interpret the supply (production, recycling, etc.) …
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Yesterday we previewed American Express’ (AXP) Q4 results and detailed a fairly binary trade expiring today for those looking to fade recent strength. Here was the trade and rationale from yesterday: For those looking to …
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Two days ago we previewed Skyworks Solutions (SWKS) fQ1 earnings. We liked what we saw technically and fundamentally versus its peers and felt a good report could spring the stock higher with little resistance until …
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Bank stocks have been one of our focuses in the New Year. It was our view that into their earnings, sentiment had gotten so good that a continuation of the bullish run would be difficult …
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American Express (AXP) reports Q4 results tonight after the close. The options market is implying about a 3.8% one day post earnings move, which is shy to its 4 qtr average one day move of …
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Two days ago we previewed Netflix (NFLX) Q4 earnings and detailed two trade ideas, one as a hedge for those long the stock, and another a defined risk trade for those looking to play for …
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