Emerging markets are increasingly looking like submerging markets. Overnight, the Indoesian equity market fell 5.5%, making a new low for the year. The Thai equity market fell 3.5% and India fell around 1.5%. Meanwhile, the …
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Following KO’s weak report this morning, the consumer staples sector is the worst performer so far today. Weakness in the staples sector is not new though. XLP, the staples ETF, is flat in the past …
Continue readingAs we await the U.S. jobs report, I wanted to touch on a major shift that has occurred in the U.S. market in the last 5 years. The U.S. has long been known as the …
Continue readingThe first week of any month has the most busy economic data calendar, as it usually includes the ISM Manufacturing, ISM Non-Manufacturing, and Non-farm Payrolls Reports. But this week’s economic data is especially crucial. Bernanke’s …
Continue readingI mentioned my long-term bullishness on the solar sector overall in my CotD post last month, comparing fallen solar stocks to fallen internet stocks in the mid-2000’s. Putting aside the price action comparisons, the fundamentals …
Continue readingUpdate April 26th, 2013 at 10:40am: Since initiating a bearish short dated trade on JNJ on April 12th (below), the stock has risen ~3% vs the SPX which is down about 30 bps. Let the defensive out-performance …
Continue readingTrade Update April 18th, 2013 at 3:30: This one is coming down to the wire, and in long premium options trading your PnL does not score any points for almost catching a last minute …
Continue readingI have been reminded on more than one occasion by my friends on CNBC and in the Twittersphere that my market call has basically been flat out wrong for nearly 2 months. We have done our best …
Continue readingEarlier today Enis wrote a fairly splendid Chart of the Day post (below), showing how giddy the equity investment world has gotten about defensive stocks. We haven’t traded any of these names in quite a …
Continue readingIt’s the 3 generals of this market – Health care, Staples, and Utilities. The glamorous, exciting sectors of the new economy. They are bid up day after day, and are leading the broader indices higher …
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