Last week we featured a dollar cheap way to express a defined risk bearish view into JPM’s Q4 earnings. We did not execute the trade ourselves as it started moving lower before we could get our ideal entry and …
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On Wednesday (below) I highlighted what appears to be a brewing technical meltdown in the Euro currency and the Euro Stoxx Bank Index (SX7E) as both traded at 52 week lows today, with the SX7E closing …
Continue readingThe investment world seems obsessively focused on the rise and fall of crude oil and the knock-on effects on other risk assets. This morning, oil is green, equities are green and bond yields are green. …
Continue readingWith today’s rally, the S&P 500 index is now down only about 1% for the month of October. That’s quite incredible considering that the index was down more than 7% for the month just last …
Continue readingYesterday in Enis’ preview of the week’s events, he highlighted the extremely low levels of movement in the SPX: After last week’s busy economic data calendar, this week’s schedule is very light by comparison. However, …
Continue readingLast month’s towering accomplishment in the S&P 500 of finally topping the nice round number of 2000 was the surest way to get some equity market strategists dreaming of 3000. This morning, Morgan Stanley’s strategist …
Continue readingSo what now? The S&P 500 index had its largest down week in 2 years, and the Euro Stoxx 50 index broke its 200 day moving average for the first time since late 2012. As …
Continue readingAbout a month ago, we wrote a post about how volatility metrics throughout global financial markets were all near all-time lows: Even NPR’s Morning Edition is highlighting the VIX. As CC pointed out to us this …
Continue readingAs the week crawls to an end, the week that was saw the first bout of equity volatility in a while. As I write this the VIX is up about 17% from last Thursday’s close, …
Continue readingThe outperformance of the U.S. stock market vs. the rest of the world has been a well documented theme of the past 5 years. The S&P 500 index nearly tripled from the 2009 trough to …
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