Unless you invest from under a rock, you know that the Federal Reserve meets next week to debate interest rate policy. Fed Fund futures are currently pricing about a 20% chance that the Fed will …
Continue readingISM
Today’s price action may or may not be the start of a period of greater stock market volatility… I’ll let you know the answer soon enough 😉 But one thing is certain with today’s 2% …
Continue reading
With macro much more in focus in 2014 (and the return of risk-on/risk-off), options traders have turned their attention to the broader indices more than individual stocks. As the SPY holds the 100 day moving …
Continue reading
The VIX has been all over the place today as the market opened higher, sold off hard on the combination of technical resistance combined with Syria/Russia headlines only to quickly find buyers and be back …
Continue reading
VIX spot is up to 16.50 today, its highest level since July 3rd. Even though the SPX index is down 75 points from its August 2nd high, the VIX is still at 16.50. It’s quite …
Continue reading
The SPX index is up about 0.3% this week, after last week’s 2% loss, and VIX futures are broadly lower as a result. Here is last week’s snapshot: Compare that to today’s snapshot: Each futures …
Continue reading
As I perused the calendar of events for this week, I was surprised to see that Bernanke was speaking again this week. He will be testifying in front of Congress on Wednesday and Thursday. The …
Continue reading
With all the hullabaloo in the last month about TAPERING, the new big, bad, dirty word, a very important historical consideration has been lost in the debate. Tapering is the positive, optimistic scenario. It’s a …
Continue reading
MorningWord 5/3/13: The financial fate of the planet is now known, the April Non Farm Payrolls number came in at 165k with the unemployment rate ticking down to 7.5%. Plus, the U.S. fed told us …
Continue reading
MorningWord 5/2/13: We spent a bit of time looking at FB heading into their Q1 print last night (here) and after debating all of the qualitative and quantitative inputs we use to arrive at a direction view for a …
Continue reading