When I check up daily on charts of major risk assets, the S&P 500 (SPX) sticks out like a sore thumb, but not for the apparent relative strength to most equity indices the world over. …
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The largest options trade on the tape today is an opening purchase of 100,000 of the FXI Jan 37 strike calls for 38 cents when the etf was $35.60, amounting to $3.8 million in premium. This trade …
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Back on Oct 30th we detailed a bullish long premium defined risk trade in Macy’s (M), after some call buying in the retail space got us thinking about contrarian targets: The Macy’s out of the …
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Last week in this space we highlighted the relative under-performance of U.S. retail stocks as a group (as measured by the XRT, the S&P retail etf): U.S. retail stocks are noticeably weak today, with the XRT, …
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Regular readers know I like to keep my macro commentary on the site short and sweet. That’s because it’s all one big mess and nearly impossible to synthesize into a cogent investment thesis. If the best and brightest central bankers, economists, …
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The peeps who run Bloomberg’s social media like this article on Chinese equities so much they seem to be running a contest to see which title gets the most play on Twitter. China Bubble Debate …
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Today’s volatility in currencies, commodities and rates has finally caused investors in US equities to take note with spot VIX having its largest gain in a month, up nearly 20%. While the VIX move seems …
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This week is much busier in terms of macroeconomic data to start the month of December. In the U.S., ISM Manufacturing data is released this morning, ADP Employment and Non-Manufacturing ISM data is released on …
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Since it’s Thanksgiving on Thursday, the calendar in the U.S. is especially light. In terms of economic data, the third quarter revised GDP data is out on Tuesday morning, and Durable Goods, Personal Income, and …
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