There is little doubt that one of the major contributing factors in crude oil’s 65% decline since mid 2014 has been the US Fed’s wind-down of quantitative easing and the subsequent rally in the US …
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In case you missed it, the two year chart of crude oil….. has been the inverse of the two year chart of the DXY, the US dollar index…. Yeah, I know you took your Econ back …
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Event: Cisco Sytems (CSCO) reports fiscal Q1 results tonight after the close. The options market is implying about a 5.5% one day move tomorrow, which is rich to the 4 qtr average of about 4%, …
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In case you missed it, Caterpillar (CAT) was down 6.25% yesterday making a new 5 year low after pre-announcing results that were much worse than expected. CAT is now down 42% from its 2014 high: …
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In my almost 20 years in the business, I have never seen a sustained period of volatility in most major asset classes outside of equities (currencies, bonds and commodities) that did not correspond with some sort of looming …
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Generally, I look to experts to get direction on things in financial markets outside of my wheelhouse. That’s why this story from the WSJ this mornings was fairly enlightening on how to think of the …
Continue readingA few weeks ago I took a look at FDX with an eye towards tomorrow morning’s fiscal Q3 report (below). I was particularly focused on the price of FDX options, while also taking a peak …
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Event: Adobe (ADBE) reports their fiscal Q1 results tomorrow after the close, the options market is implying about a 5% one day move which is shy of the 5.8% 4 qtr avg move. Over the …
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On Friday’s Options Action on CNBC we had JPM’s former market strategist Tom Lee, now of FundStrat, who made a very bullish case for a Q4 rally for a whole host of reasons but none bigger …
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Since this is the Macro Wrap, I wanted to get away from earnings for a moment to set the table for the very busy economic calendar over the next 2 weeks. First and foremost, the …
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