This morning, Bloomberg reported on short interest in U.S. equity markets reaching levels not seen since 2008, with the suggestion that this could serve as a contrarian set up, quoting Fundstrat Global Advisor’s Thomas Lee, who opined: “There’s …
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It’s been exactly three months since the U.S. Federal Reserve raised interest rates from zero. A lot has happened since then in global financial markets, but looking at the year to date performance of some …
Continue readingAt 8:30 am on Friday morning the investment world finally got the answer to the question it had been asking for years. When exactly will the US raise the Fed Fund rate (for the first …
Continue readingThere is only one word that comes to mind when I see a day chart like this of the Shanghai Composite – Manipulation: An easy retort would be, so what? The powers that be in …
Continue readingThe last time we traded the Utilities Select etf (XLU) was back in late December 2014 when the etf was approaching new all time highs, up 30% on the year, and by far the best performing …
Continue readingAs a part-time financial pundit, I have so much to say, and usually such little incentive to say it outside of the pages of RiskReversal and the TickerDistrict. For the most part, viewers of CNBC …
Continue readingPrior to crude oil’s double bottom low in Q1, there was a chorus of investor/strategists /analysts/pundits who suggested that low oil prices would be a boon for corporations as the result of lower input costs, …
Continue readingThe move in bonds has surprised many investors of late. In the face of the impending end of the Federal Reserve’s Quantitative Easing policy that has been in place since the end of 2008, many would …
Continue reading10 Year Treasury yields near 10 month lows. The Yen near 6 month highs vs. the dollar. IWM down nearly 10%. And SPY trading at an all-time high. Pretty sure that is an unprecedented set …
Continue readingLast week we highlighted the technical and fundamental set up in GM (post below) and detailed how we planned to roll our current bullish & losing trade. We did not pull the trigger last week, …
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