Here’s a little update on the how this debt ceiling stuff will likely play out. From Business Insider: According to congressional sources this is how a deal will play out if everything goes according to …
Continue readingA little while back I wrote about trading overall market volatility through ETN’s and the difficulty of trading from the long vol side (VXX.) With what’s going on in D.C. and the uncertainty over how …
Continue readingHere’s the latest on the manufactured crisis that is the debt ceiling vote: Politico House Majority Leader Eric Cantor (R-Va.) delivered a blunt message to the Republican Conference Tuesday morning: Quit the “grumbling” and …
Continue readingThis is reposted from the Options Action Trader Outlook newsletter. If you would like to subscribe to the show’s emails go here. Trader Outlook Dan Nathan, Options Strategist, http://staging.riskreversal.com Forget Buying “Best Of Breed”, …
Continue readingWaPo House and Senate leaders were preparing separate backup plans Sunday to raise the federal debt limit after another day of intense negotiations failed to break a partisan impasse that threatens to throw the government …
Continue readingWSJ Next week includes another batch of crucial earnings. The reporting season has been another strong one, but forward guidance has been a mixed affair. Stocks generally have trended higher, but the debt-ceiling debate will …
Continue readingHere’s a quick update on the progress, or lack thereof, on the debt ceiling vote. Washington Monthly A few weeks ago, White House officials told congressional leaders that waiting to the last minute, or even …
Continue readingWSJ Economics: 8:30 a.m. (All times EDT): Jobs getting better? We’ll find out this morning with the weekly report of Initial Jobless Claims. Economists expect 405,000 fresh claims, preciously close to the crucial sub-400K level. …
Continue readingUpdate – July 18th Since suggesting AAPL trade on Friday afternoon the stock is up a 2%…the rally is getting increasing long in the tooth as we head into the earnings event tomorrow. Stock’s action …
Continue readingWSJ Monday: Earnings come faster and furiouser this week. Halliburton, Wynn, IBM and Hasbro tell us how things are rolling. On the economic front, the National Association of Home Builders tells us that the housing …
Continue reading