Last week we took the view that U.S. Treasuries (using the TLT as a proxy) had probably come too far too fast in the near term and wanted to make a define risk trade that the …
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Another light volume, tight range trading session for the S&P 500 index, though the options market were a bit more active on Tuesday than Monday. 1. AAPL – Seller of 8300 of the July 600 calls …
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Fairly interesting divergence between equities and bonds for the first time in a while as the SPX closed on a new all time high and bonds as measured by the TLT made a new 11 …
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Whether you are an active market participant or just a casual investor, you might have noticed on more than one occasion that conventional wisdom can lose you money. For years while the Fed was orchestrating …
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For months now there has been a heck of a lot of talk in the financial media about asset bubbles. For the better part of 2012 and the first half of 2013, the focus was …
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Last Wednesday’s Federal Reserve announcement to continue the QE Taper felt like one of the most under-covered and muted post meeting reactions that I can remember in a very long time. With the SPX closing …
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As has been par for the course over the past few years, U.S. stock markets have rallied ahead of the FOMC meeting. The S&P 500 is now less than 1% from all-time highs set in …
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Back on Jan 20th, the WSJ’s Jon Hilsenrath penned a story suggesting the FOMC would continue their reduction in bond buying at yesterday’s meeting, “Next Cut in Fed Bond Buys Looms” to a mere $65 …
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Enis had a great post this morning on rising correlations among risk assets (here) with the conclusion that the recent “risk 0n/risk off” nature of global markets was reminiscent of the price action in 2010 …
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The utility sector has quietly inched higher over the past week, moving into second place among major sectors in the market after yesterday’s 1%+ move higher. Here is the full ranking, courtesy of Global Macro Monitor: …
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