A year ago yesterday, the People’s Bank of China (PBOC) devalued their currency in dramatic fashion in reaction to deteriorating export data. The unexpected policy move was a spark that lit the global risk asset bonfire …
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In early March, my friend Jay Pelosky made a cogent case Why the World Needs a Weak Dollar. That was when the U.S. Dollar Index (DXY) was very near its multi-year highs. Here was his main …
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Yesterday, Zerohedge made an interesting observation (via Bank Of America Merrill Lynch) of the decoupling taking place between emerging market stocks and the S&P 500 (SPX). That was also the case prior to the two sharp …
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Everyone and their mother is going to opine on the jobs data this morning, so I might as well offer my quick thoughts. We will have some more action oriented stuff later. Ok, here I …
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The Nasdaq 100 (QQQ) had been a pretty boring trading vehicle for a while, as some of its large components had been in a fairly complacent upward trajectory for what felt like years. But then …
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Everybody I read and listened to called it. The S&P 500 (SPX) was going to test the August 24th lows, then test the October 2014 lows then bounce back to 1950. If you came into …
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All things considered, yesterday’s 1.5% loss in the S&P 500 (SPX) wasn’t all that bad relative to the rout in global equities. Add to that the fact that investors in U.S. high growth / high valuation stocks …
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At a time in which the powers that be have talked down their prior GDP targets, there has been a lot of intelligent debate about China’s transition from an industrial to a consumer led economy, and …
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You can attribute the 6%, 5 day rally in the S&P 500 (SPX) to whatever you like. The negative sentiment might have gotten a tad off-sides leading up to the end of the quarter. But …
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In 2012, I had a very bad trade in Apple (AAPL). On a few occasions I tried to short the stock for a whole host of reasons that ultimately could be explained as an unusual sentiment …
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