In case you missed the headline: *WTI CRUDE CLOSES IN BULL MARKET, UP 22% FROM EARLY AUGUST LOW – Bloomberg That was a fairly epic short term bounce right from the nice round number and level …
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At 2pm this afternoon the Federal Reserve will release the Minutes from their July FOMC meeting. Mohamed El-Erian, Chief Economic Adviser to Allianz, had an insightful preview this morning for Bloomberg View (here). El-Erian concluded his list of what to …
Continue readingEvent: Procter & Gamble (PG) report fiscal Q4 results tomorrow before the opening bell. The options market is implying about a 2.5% one day post earnings move vs its 4 quarter one day average move …
Continue readingHaving just broken out to new all time highs, the S&P 500 (SPX) is up 6.25% on the year, and up 20% from its 2016 lows at 1810, made on February 11th. It’ now 6.5% …
Continue readingDepending on your world view, the U.S. dollar has either been range bound in the last year, with the U.S. dollar index trading between $100 on the upside and $92.50 on the downside, with the 200 day moving …
Continue readingEvent: Pepsi (PEP) will report Q2 results tomorrow morning before the open. The options market is implying only a 2% one day post earnings move in either direction, which is rich to the 4 qtr …
Continue readingIn early March, my friend Jay Pelosky made a cogent case Why the World Needs a Weak Dollar. That was when the U.S. Dollar Index (DXY) was very near its multi-year highs. Here was his main …
Continue readingPrior to the Brexit vote last week in the UK, a Leave decision was not a major input for my cautious view in U.S. stocks (MorningWord 6/23/16: Cause I Don’t Want to Be… Anarchy). In hindsight, …
Continue readingThe relative outperformance of U.S. stocks on Friday was interesting. You know the ol’ saying, the cleanest shirt on a dirty block (or something). This week you’ll see a parade of strategists, fund managers and …
Continue readingYesterday I previewed Hewlett Packard Enterprise’s (HPE) fiscal Q2 results due after the close (read here), and concluded:
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