Market participants placed a low probability on a Trump win last month. I agreed. Markets also bet on a risk of a sell-off in stocks (stocks sold off as polls tightened, puts went bid) I …
Continue readingDodd Frank
In the lead up to Tuesday’s election, I am trying to recall if I heard or read a market participant or pundit who accurately predicted a stock market rally in the event of a Trump victory. I …
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MorningWord 12/14/12: The long awaited iPhone 5 release in China was met by 1 dude waiting in line at Apple’s flagship Shanghai store, as reported by various media outlets. 1 solitary guy, in a country of 1.4 billion people …
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MorningWord 12/13/12: Yesterday’s price action was a bit of a mixed bag, regardless of the late session sell off following chairman Bernanke’s press conference. Breadth, which we track in a handful of different ways, wasn’t actually …
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MorningWord 12/12/12: Equities the world over appear to be floating for the past week , carelessly, inching higher as we approach today’s FOMC meeting and Chairman Bernanke’s subsequent press conference. For those of you who missed it, …
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MorningWord 12/11/12: The U.S. Treasury announced last night that they are selling their remaining stake in AIG (234 million shares) at $32.50 which will conclude their 4 yr ownership in the insurance giant since their bailout some …
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MorningWord 12/10/12: In the MacroWrap this morning, Enis took a look at the charts of some European indicies and suggested that the recent breach of long term resistance, and it’s subsequent failure could signal a …
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MorningWord 12/07/12: One of the major equity themes of 2012 was investors desperate search for yield, causing massive rallies in some unlikely stocks and sectors, while another trend was the search for safe-haven investments with little exposure to a …
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MorningWord 12/06/12: The divergence btwn the Dow Jones Industrial Avg (yes, I just mentioned the Dow) and the Nasdaq Composite was the widest I have seen in a very long time. I don’t track that data regularly, …
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MorningWord 12/05/12: Yesterday’s price action in U.S. equities on the surface was fairly unexciting with the SPX and the Nas down about 17 bps after trading in a fairly tight range for the most of …
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