I laid out my thoughts on STZ in my earnings preview earlier today (included below). Given the high level of implied volatility, and my lack of directional bias, I basically just want to sell volatility …
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Event: STZ reports its calendar Q4 earnings Wednesday before the open. The options market is implying about a 7% move post-earnings, which is slightly low relative to both the 4 qtr avg move of about 11%, …
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From the time I first heard the words “current account deficit”, they had an immediate negative connotation in my mind. The word deficit has an obvious negative tone. Compare that to a “current account surplus” country. The latter …
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With the FOMC’s final statement release tomorrow afternoon, markets have seemingly taken a break the past 2 days to wait and see what the central bank says and does tomorrow. Futures volume overnight was the …
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WSJ Big Ben better deliver later this week. From soaring gold and stocks prices, to rising Treasury and mortgage debt, markets across the board are expecting Fed Chairman Ben Bernanke to unleash more stimulus later this …
Continue readingDan mentioned the resilience of U.S. markets in the face of international weakness in his Morning Word this morning. Today’s chart further highlights that point. Quite incredibly, it seems like a decade-long strong correlation has …
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Reuters New claims for unemployment benefits edged down last week, according to government data on Thursday that could ease concerns the labor market was deteriorating after April’s weak employment growth. Initial claims for state unemployment …
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On another morning of Greek headlines, some may ask, why does Greece even matter? As many pundits like to argue, the size of Greece’s entire economy is only 2% of that of the U.S., and …
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Bloomberg U.S. stock futures were little changed, following the biggest monthly decline for the Standard & Poor’s 500 Index since September, before a report that may show manufacturing expanded at a slower pace in April. …
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