The situation in Ukraine is likely to get some clarity after Sunday’s referendum vote by the voters of Crimea as to whether they want to be annexed by Russia. Russian equities have been the hardest …
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China continues to be a potential risk factor in the background of a benign market environment for U.S. stocks. Retail sales and industrial production data releases overnight both missed expectations. A 10 year chart of …
Continue readingLast Thursday in this space I described my amazement that risk assets did not appear to be pricing in a whole heck of a lot of concern relating to the heightening tension in Ukraine (read …
Continue readingThe Russia hate has been piling on pretty hard over the past week. Russia and Mr. Putin have over the news headlines after the Ukraine invasion. Along with it, Russian markets have tanked and the …
Continue readingRussia essentially invades Ukraine on Friday, so financial markets are reacting strongly this morning. A few general themes from the overnight price action: 1) Equities lower, Europe more than Asia. Notable that the biggest losers …
Continue readingIn case you missed it, things continue to heat up in the Ukraine. Here is the headlines we woke up to this morning from the WSJ.com: With the last couple weeks’ violence in the Ukraine …
Continue readingA little more than 2 weeks ago we wanted to set up a defined risk bullish leaning trade that XOM would hold an important technical support level and bounce back to its 50 day moving …
Continue readingBack in late in Aug Enis and I bought a tight call butterfly (below) in XOM as the stock approached long term support above $86. The stock bounced a bit and we took profits in …
Continue readingEquity markets were quiet, while currency and commodity markets were a bit more active. Asian Equity Markets Are Subdued – The largest move in either direction for the major indices was the 0.9% decline in Indian …
Continue readingObama’s speech last night was the headline event in an otherwise quiet overnight session. President Obama Delays Congressional Vote on Syria – This was expected after Syria’s acceptance of Russia’s offer to hand over its chemical …
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