Last night on CNBC’s Fast Money, Marko Kolanovic, JPMorgan’s global head of derivative strategy made the case for an uptick in volatility, and the strong potential for a pullback in U.S. stocks nearing 5% between now …
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The Home Depot (HD) has been the poster-child for the re-emergence of the U.S. housing market and the resilience of the U.S. consumer. Despite the stock being flat on the year, it is up 650% from its …
Continue readingBeing wrong about the direction of a stock, or a market is part of this business. What I have found in my nearly two decades trading in financial markets is that embracing the fact that …
Continue readingIn case you missed it, the Nasdaq Composite is at all time highs. And this time is very different. The index’s rise from about 1300 in late 1998 to just above 5000 in early 2000 …
Continue readingSince I entered the business in 1997, I have experienced several significant financial market booms and busts. Asset bubbles inflating, over-inflating, then popping and overshooting on the downside. Since 2000, the largest public equity market …
Continue readingWalmart has been a massive out-performer in 2016, up 18% ytd vs the S&P 500 (SPX) up a tad less than 7%, and the S&P Retail etf up 7.5%. Call volume is running hot today …
Continue readingEvent: The Home Depot (HD) reports Q2 results tomorrow before the open. The options market is implying a 3% one day post earnings move, which is in line with the average over the last 4 quarters. Price …
Continue readingFor the better part of 2015, it was somewhat concerning that a handful of growth stocks masked a total lack of progress in the broad market. #FANG 2015 vs. YTD 2016$FB +34% vs. +20%$AMZN +118% …
Continue readingIn many ways the confusion of U.S. citizens relating to political allegiances in this presidential election cycle, and the difficult choice many will have to make, country over party, resembles the consternation many investors have faced in 2016 as …
Continue readingWith the the S&P 500 breaking out to new all time highs after its recent consolidation on the heels of the second consecutive better than expected non-farm payrolls number this am, it makes sense to …
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