Until this week’s 5% rally (back up on the year ~3.5%) in shares of Alphabet (GOOGL) the stock, along with many other mega-cap stocks have largely sat out the post election rally in U.S. stocks, …
Continue readingUK
No matter what your political affiliation is, there is a whole heck of a lot of wtf today from citizens, investors, politicians, pollsters and the press. I think it is safe to say that few (even …
Continue reading
Prior to the the UK’s Brexit vote in late June, I took a fairly apathetic view to the prospects of a Leave vote, and expected the people of the UK to vote to Remain in the …
Continue reading
I did not watch the Republican National Convention live this week. But did cacth some snippets of speeches the following mornings on CNBC, and have read plenty of reaction pieces. My mildly informed take-away is that the event …
Continue reading
New all time highs in the S&P 500 (SPX) and the Dow Jones Industrial Average (INDU) have done the financial world the pleasure of anointing a whole new generation of market wizards. Myself? I have …
Continue reading
I wanted to highlight a few interesting reads from the last couple days. I think these are fairly important for U.S. investors looking at the relative strength of U.S. stocks and the yield differential between our …
Continue reading
Leader of the U.K. Independence Party and guy who led the charge for the Leave vote, Nigel Farage, took his Muppet Show on the road to EU headquarters in Brussels yesterday. Farage agreed to an …
Continue reading
Our post Brexit investment world feels a lot like the downdraft we saw in early 2016 with currencies and credit showing strains, and the most severe downward pressure on equities and commodities. The options activity in …
Continue reading
The financial world is picking up the pieces of yesterday’s Brexit vote. The price action in most major risk assets, shows just how much the Leave vote caught market participants off-sides. While it is still not clear …
Continue reading
Yesterday we looked to fade the European stock rally into what markets (and we) assumed would be a Remain vote in the UK with the use of a calendar put spread in the EuroStoxx 50 …
Continue reading