I understand the current investor mindset as to why most equities are where they are, and for the most part I agree. I think we are in a cautiously optimistic phase opposed to all out euphoria. But …
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Yesterday in this space we discussed the illusion of massive equity market gains since the Nov 8th election (Alternative Tracks). The reality is that the S&P 500 (SPX) is up a mere 3.5% from the …
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The average price for the last 100 days for the S&P 500 (SPX) has been about 2190, or about 3.5% below Friday’s close of 2271. While the sense is that the stock market surged following …
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American Express (AXP) reports Q4 results tonight after the close. The options market is implying about a 3.8% one day post earnings move, which is shy to its 4 qtr average one day move of …
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In early October, when Nvidia (NVDA) was up only 100% on the year I think we fairly succinctly got to the bottom of what was going on in the stock (Graphic Novel). In a year that …
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Semiconductor stocks were one of the best performing sub-sectors in the S&P 500 (SPX) in 2017. The semiconductor etf SMH was up 37%. Compare that to the Nasdaq Composite, up only 7.5% and the SPX …
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Shares of General Electric (GE) have spent the better part of 2016 trading in a fairly tight range between $28 and $32, now approaching the upper end: To my eye, a rejection at $32 and …
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Next week the Federal Reserve will raise short term interest rates for only the second time since June 2006, and the first time this year to a range of 50 to 75 basis points. Financial …
Continue readingHighlighting unusual options activity in VIX options can often times be a useless endeavor as a good bit of the volume tends to be rolls, and often they are traded delta neutral vs VIX futures. …
Continue readingIn case you missed it, U.S. Treasury yields have been on the rise, with the 10 year at 2.15%, above the dividend yield on the S&P 500 (SPX) for the first time in a long …
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