Last night on CNBC’s Fast Money the panel discussed the President Elect’s Tweet of the Day. The tweet focused on U.S. Automaker General Motors (GM) and their production of cars in Mexico which are sold …
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Prior to Crude Oil’s 45% rally off of last month’s 13 year lows, the commodity declined 75% from its 2014 high, remains 65% off of those levels, and is down about 75% from its 2008 …
Continue readingFor the latter part of 2014 and all of 2015 I had a fairly dim view of committing new capital to U.S. stocks. This view was largely predicated on the idea that U.S. central bank policy …
Continue readingAfter gapping down nearly 1%, the SPX clawed back to nearly unchanged by the close. Options volumes lighter than last week (Note: the VIX trade referenced earlier was a fat finger, so that trade was …
Continue readingGeneral Motors is one of the better earnings reports to read given their far-reaching global operations. Sales for GM are about 60% in North America, 15% in Europe, 15% in emerging markets (mostly China), and …
Continue readingJefferies downgraded a slew of gold miners today, arguing that “with short reserve lives, rising costs, rising political risks, and a stagnant commodity price” the entire group remained unattractive and overvalued. Putting aside the fact …
Continue readingThis bizarre market is flimsy enough to be pushed around like a rag doll in both directions. In the past 2 days, the SPX has closed almost exactly unchanged. On Monday though, the VIX was …
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