For the better part of the last 6 months, investors have been fairly clueless as to where to park cash with the prospects of a reasonable risk adjusted return. The global volatility in credit, currencies, commodities …
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Since Friday morning’s September jobs data the S&P 500 futures are up about 3% (including this morning’s 70 bps gains) as investors celebrate unexpectedly bad economic data. This morning, European equities are ripping (the Euro …
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I consider myself a “situational” investor/trader. I try to have some sort of top down framework on the macro environment. Specifically, I look at micro situations and work my way back up to the middle …
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The SPX’s decline of nearly 1% yesterday, the largest since December 11th, represents about a quarter of the 4% gains since the FOMC announced its plans to decrease the size of its bond buying program …
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MorningWord 8/2/13: The July jobs data is out and to some the fact that the economy added only 162k jobs, 26k below the consensus estimates and revised the June number down by 7k, while the …
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The tech sector is the only major sector that is trading below its 200 day moving average (utilities is as well, but I consider that a minor sector). The XLK technology sector ETF actually tried …
Continue readingIt pains us to write about the fiscal cliff, but it permeates virtually every financial market. Since the Great Depression the popular Keynesian prescription has been to take countless shots of government spending and don’t worry about …
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Today 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 …
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Alcoa kicks off “official” Q3 earnings season next week, reporting on Oct 9th, after the market close. Q3 earnings is where I expect this market to separate the wheat from the chaff. The macro data …
Continue readingTrade Update July 13th, 2012 at 10:30am: Since buying the GE Aug 19/17 put spread on June 22nd at 0.30, GE has basically gone up, then back down. The stock is trading around where I initially …
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