The relative outperformance of U.S. stocks on Friday was interesting. You know the ol’ saying, the cleanest shirt on a dirty block (or something). This week you’ll see a parade of strategists, fund managers and …
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Market forecasts are like belly buttons, everybody’s got one, innies and outies. And we know that equity markets spend most of their time rising in value. So if you are in the business of selling financial products …
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In general, I don’t highlight changes to Wall Street analyst ratings. That’s mostly due to the irrelevance of these ratings changes. There was a time when a large investment bank could cause major movement in …
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Bulls and Bears, Bears and Bulls. I’ve always thought labeling people Bulls or Bears was misleading. It fails to capture any nuance or what inputs they’re considering in their investment process as well as failing …
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Here is some generally directional, untied options activity that caught my eye during Monday’s trading: 1. CSX – yesterday in this space we highlighted some call activity in the rail: CSX – after reporting Q1 results …
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The first trading desk I ever spent time on was the FX trading desk at Merrill Lynch in New York. The currency markets are the largest in the world, but they are also the least …
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MorningWord 12/14/12: The long awaited iPhone 5 release in China was met by 1 dude waiting in line at Apple’s flagship Shanghai store, as reported by various media outlets. 1 solitary guy, in a country of 1.4 billion people …
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MorningWord 12/13/12: Yesterday’s price action was a bit of a mixed bag, regardless of the late session sell off following chairman Bernanke’s press conference. Breadth, which we track in a handful of different ways, wasn’t actually …
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MorningWord 12/12/12: Equities the world over appear to be floating for the past week , carelessly, inching higher as we approach today’s FOMC meeting and Chairman Bernanke’s subsequent press conference. For those of you who missed it, …
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MorningWord 12/11/12: The U.S. Treasury announced last night that they are selling their remaining stake in AIG (234 million shares) at $32.50 which will conclude their 4 yr ownership in the insurance giant since their bailout some …
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