By now you have probably heard and read plenty about the phantom account scandal at Wells Fargo (WFC), the company’s firing of 5,300 workers and the subsequent $185 million fine by regulators. It’s entirely possible that …
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Here is some decent size apparently directional options trades in sector etfs that caught my eye in today’s trading: XLF – rate sensitive stocks are getting nailed today despite the 10 year yield trading at the …
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Apple (AAPL): On Friday’s Options Action on CNBC we took a look at the implied earnings move in Apple (AAPL) Prior to its fiscal Q3 report due tomorrow after the close. Watch our discussion here: At the …
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Back in early April I laid out my bearish view on U.S. banks stocks (XLF – Bank Shot), It was largely based on comparison to the price action of their European peers, and the reasons …
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Earlier in the week I had some thoughts on the performance of bank stocks both here and abroad, specifically the very poor performance over the last month in Deutsche Bank (DB) equity and credit (Big Printin’ …
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I have a feeling that we will look back on today and say this was a fairly important reversal day, maybe not only in risk assets, but possibly in investor sentiment towards the effectiveness of Central …
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Janus Capital’s Bill Gross issued his monthly investment outlook this morning (here) with a specific focus on financial stocks, particularly banks. Not surprisingly, Gross is cautious on the sector. He feels that monetary policy that have …
Continue readingTo say that market participants are nervous at the moment is a bit of an understatement. Most investors probably can’t even remember the last time the S&P 500 (SPX) was down 9% and the Nasdaq …
Continue readingCrude Oil remains the headline, now down 11% this month a lone, trading very near 52 week and 7 year lows. Today the commodity opened up 3% after supply data came in weaker than expected, …
Continue readingYour guess is as good as mine why the S&P 500 is up 1.8% today, reversing much of the last two day’s losses. Wednesday and Thursday equity weakness was being assigned to Fed Chair Yellen’s …
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