I put on a long call position in NLY two months ago, and have been watching the position ever since. I discussed the position in a COO post a little more than 2 weeks ago, …
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I bought a call position in NLY on Oct. 1st with a twofold thesis: 1) NLY was trading near its all-time low Price / Book ratio, indicating a good fundamental value, particularly since long-term rates …
Continue readingTreasuries have found their footing again over the past week, rallying back to near the highs of the year. Long-term Treasuries remain in an uptrend: While Treasuries have moved higher, we don’t have a strong …
Continue readingThe coal sector has been one of the worst-performing areas of the U.S. market over the past 3 years. Here is the ratio of the coal ETF, KOL, vs. the SPY over the past 5 …
Continue readingIt’s no secret that utilities and REITs have been two of the best-performing sectors in the market this year. They’ve been highly correlated to rates, generally rallying when rates moved lower as investors added high-yielding …
Continue readingFinancials were a bright spot for the market after the FOMC announcement last week, rallying along with rates as investors rotated into the sector and out of many of the dividend-paying stocks. This week, however, …
Continue readingHere’s our next addition to our investment portfolio:
Continue readingThis past Friday I detailed my thoughts on NLY in a Deep Dive post (below), following news that the company’s COO and Co-Chief Investment Officer were resigning. In that post, I analyzed the details of the …
Continue readingAnnaly caught my attention this morning when I saw the headline that the COO and the Co-Chief Investment officer were both resigning from the firm. That would be major news for any company, but more …
Continue readingBRK/B has promptly moved lower since our entry on our put spread position last week. Since the stock has now become quite oversold (with its lowest RSI reading in more than a year), and our …
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