Last night NKE reported a fairly solid quarter, highlighted by slight beats to consensus on eps, sales, gross margins and futures orders (albeit against mildly lowered guidance in March that caused the stock to decline 5% …
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10 Year Treasury yields near 10 month lows. The Yen near 6 month highs vs. the dollar. IWM down nearly 10%. And SPY trading at an all-time high. Pretty sure that is an unprecedented set …
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I wrote about the return of macro risk-on / risk-off in a Macro Wrap post in January: Complaints throughout 2010 and 2011 about the difficulty of navigating a risk-on / risk-off environment where all assets …
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Just now, I was talking to a smart trader at a large institution on instant message as we do most mornings. Part of most traders pre-open morning routine is to digest the news between the …
Continue readingYesterday was the first roller coaster price action in the broader indices in quite some time. It was the largest intraday range for the index in several weeks, and the VIX hit its highest level …
Continue readingI wrote the following in a Macro Wrap on May 23rd, after Japanese equities had fallen 7% overnight: Japan mostly matters because of what its easing program has done for the appetite of risk across …
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White House officials indicated last night that President Obama is set to announce Janet Yellen as the new Federal Reserve Chairman nominee. She is expected to be confirmed in the Senate. Markets took on a …
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Asset prices for the most part are little changed from where they were as U.S. traders left their desks yesterday. Not much progress on the U.S. political negotiations, which continue to dominate the headlines. Asian …
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John Boehner made clear over the weekend that a clean debt limit bill would not be brought in the House. As a result, the market awaits further negotiations around the government shutdown and the debt …
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Overnight price action in SPX futures had its tightest range of the week, and most Asian and European equity indices moved less than 1%. Asian Indices Mostly Lower, Japan Again Weakest – No major economic data …
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