I did not watch the Republican National Convention live this week. But did cacth some snippets of speeches the following mornings on CNBC, and have read plenty of reaction pieces. My mildly informed take-away is that the event …
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Event: Qualcomm (QCOM) reports fiscal Q3 results tonight after the close. The options market is implying a 4.5% one day post earnings move which is shy of the 7% average over the last 4 quarters …
Continue readingI had been skeptical of the S&P 500 (SPX) ability to make a new high and establish a new range above the prior highs. It has done that now. And any the confirmation of the …
Continue readingEvent: Nike (NKE) reports their fiscal Q4 results tomorrow after the close. The options market is implying about a 5.5% one day post earnings move in either direction. With the stock just below $52 the …
Continue readingI have a confession and then an apology to make to RiskReversal readers or those who watch my market commentary on CNBC. First the confession. Not for a moment in the last couple months have …
Continue readingThursday afternoon I took a quick look at the price action of European bank stocks, particularly Deutsche Bank (Bank Bounce?). In hindsight this seems like an obvious observation for the very near term: DB has …
Continue readingI’m not sure I ever recall uttering a positive word about Gold as an fundamental investment in the pages of RiskReversal. I’ve spoken about it from a techincal peespective. And since the shiny metal got …
Continue readingOn Monday’s Fast Money on CNBC we had on Société Générale’s Global Head of Economics, Michala Marcussen, who laid out what she feels are the key risks to the current fragile state of the global economy, and …
Continue readingJust a few weeks ago, when odds of a June or July rate hike spiked on FOMC minutes that indicated a willingness for a Summer rate hike, we made the argument that it was more …
Continue readingIf the May jobs data had come in hot this morning, it would have provided coverage for the U.S. Fed to pull the trigger on their second rate hike in 10 years (their first since …
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