MorningWord 5/01/13: Investors are desperate for yield, I get it, that’s why 3 of the strongest sectors in the S&P ytd have been Healthcare, Staples and Utilities. We have heard this again and again but as many of the components of these sectors …
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As we await the ISM report today, there is a growing concern that the manufacturing sector in the U.S. is falling into contraction. The survey expects a 50.6 reading, but some are expecting a miss …
Continue readingMorningWord 4/30/13: Last night HLF reported their Q1 results that were better than expected and guided the full year eps slightly above the current mid point. While the stock has garnered a lot of attention …
Continue readingMorningWord 4/29/13: As a trader focussed on single stock stories, earnings season is obviously the main event 4x a year where corporate transparency is expected to be at its highest. While I spend most of my energy listening to and reading individual …
Continue readingVIX spot hit its lowest level since June 2007 today, getting all the way down to 13.22 before bouncing a bit. There are a few periods over the past 20 years where the VIX has …
Continue readingThe past week in the VIX has been quite the roller coaster. Here is the 1 year chart to show the rapid nature of the recent fall: The VIX has hit 15 many …
Continue readingToday is global PMI (purchasing managers’ index) day. PMIs are usually a good coincident indicator of economic growth, and stocks are quite correlated to changes in the PMI over long periods of time. Today’s charts …
Continue readingBizarre that VIX futures were halted at 1:37 pm EST this afternoon because of a technical problem. Figured it was a good time to see what VIX futures had done before the halt (halt just …
Continue readingPrice action over the long weekend was a good bit of back and forth in all asset markets, but they are all quite close to where we left them on Friday afternoon. Asian stocks have …
Continue readingOvernight price action was relatively subdued after the fireworks on Thursday and Friday sent markets shooting higher: SPX futures traded in an overnight range of 5 points on low volume, trading down about 0.1% at …
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