In case you missed it, the Shanghai Composite was down nearly 9% on Monday after Regulators imposed new rules for margin trading in a move to cool down what many see as an overheated stock …
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For most of the Spring/Summer, the Shanghai composite was banging along 5 and half year lows, hovering above 2000: And then this happened. The index rose 50%: If you just came here from another planet …
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On numerous occasions in 2014 we have taken some whacks at WYNN from the short side. The most recent trade from a couple of weeks ago looked to play for a consolidation between then and …
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So this is probably where you start hearing the term de-coupling again. Yes I know, that’s so 2011/2012, when it was commonly used to suggest that the U.S. could weather the European sovereign debt crisis, …
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Last week in this space (MorningWord 1/10/14: Chinese TakeOut) we highlighted the very poor sentiment (possibly for good reason) related to emerging market economies & markets, specifically China. If there is a theme so far …
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I am no economist, and certainly no expert on China, but the recent sprinkle of better than expected manufacturing data has caused many market participants to summarily dismiss the dreaded hard landing scenario for the planet’s second …
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Overnight price action was similar to what we have experienced over the past 2 months. Asian markets were almost all lower, with China leading the way on the downside (Shanghai Composite down 2.5%). Meanwhile, SPX …
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China is starting to dominate overnight price action. Similar to how in 2010, ’11, and ’12, every comment from ECB and EU officials would cause a cheer or a jeer from international investors, the PBOC …
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MorningWord 6/24/13: If you are waking up this morning and the price action in China surprises you (Shanghai dropping 5.23% to bring it to down ~13.5% on the year), it really shouldn’t. If you respect …
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SPY closed basically unchanged yesterday, and this morning indicates another open near unchanged after another quiet overnight session as everyone waits for the all-important central bank releases on Wednesday and Thursday. It is also month-end, …
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