A little more than 2 weeks ago, we expressed a near term bullish view in U.S. Treasuries when the 30 Year Bond etf (TLT) was trading $121 (below), a little less than 2% from where …
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Back on Jan 16th (TLT: No Mr. Bond, I Expect You To Die) I had the following to say about the rally in Treasury Bonds; It is our sense that the U.S. Treasury rally is …
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The S&P 500 is set to open near a one month low this morning, as SPX futures are down about 7 points. Why? My Bloomberg headline reads, “Stocks Drop with Bonds on Egypt Violence” FT: …
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Building debt overhangs across the world have been the story for the past decade. Whether it’s households, banks, or governments, whether it’s the U.S., Europe, or China, an increasing debt stock has been both the …
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For the past week, I’ve been snooping around the market looking for appealing trade ideas as I always do, and it’s been much harder than usual. It’s this endless, creeper trend. Just a gradual tick …
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We’ve mentioned the idea of mutual fund managers rotating out of their big winners this year and rebalancing into the big losers (see Friday’s Macro Wrap). It’s happening across regions, not just across sectors. When …
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This bizarre market is flimsy enough to be pushed around like a rag doll in both directions. In the past 2 days, the SPX has closed almost exactly unchanged. On Monday though, the VIX was …
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MorningWord 7/20/12: I wanted to start this morning with some broad macro crap, but to be honest who cares, when I walk in and see a stock like CMG down close to 20% on the …
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MorningWord 7/19/12: In Enis’s Macro Wrap this am he spoke of the battles traders face both internal as it relates to their own emotions and risk management and then the one they can’t control, the external battles …
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MorningWord 7/18/12: U.S. equity markets continue to be a bit manic, one moment looking like they will retest 1300 on it’s way to 1250, the next sizing up 1400 on the way to the April highs. It’s …
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