The S&P 500 (SPX) is set to open up 25 points, a 1.5% pop. This, after Friday’s 2% bounce that itself was a follow through from Thursday afternoon’s late day reversal. In all the SPX will …
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Caterpillar (CAT) has been the poster-child for U.S. multi-nationals who are heavily exposed to emerging markets for future growth and are feeling the adverse affects of the strength of the U.S. dollar since the end …
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Regular readers know that I have been less than optimistic about the return environment for equities globally with the end of QE in late 2014, and the end of ZIRP this past December. I know …
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Your guess is as good as mine how the U.S. Fed crafts their message about monetary policy this week. I do assume that the reaction in U.S. markets will be volatile. The SPY at the …
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This morning I was having a conversation with an equity and options trader who presides over a fairly large pool of risk capital, making directional and volatility oriented trades. He and I have been in …
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We had Global Macro Investor‘s Raoul Pal on CNBC’s Fast Money last night. He detailed his generally gloomy outlook for the global economy and offered a fairly non-consensus view that the yield on the 10 …
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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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On the last day of 2014 (here) I took issue with a quote in the WSJ regarding the U.S. stock market, “probability of a solid 2015 is improving“. If I were a full time market …
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The homebuilder Lennar Corp (LEN) is scheduled to report fiscal Q4 results tomorrow morning before the open. The options market is implying about a 4.3% one day move, which is rich to the 4 qtr …
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Coming into today, the S&P 500 (SPX) is down 75 basis points on the year, and down 1.8% in the month of December. This morning the futures are bid up 55 basis points, and no matter …
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