MorningWord 8/10/12: Equities seem unstoppable at the moment, volatility has ground to a halt and most of the fears that precipitated the 10% April to early June sell off appears to be off the front …
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MorningWord 8/9/12: Hindsight sucks in trading as most of the time it exists to make you feel a bit more stupid than you already feel, especially when you are wrong. Last week I made an …
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We did a ton of work on AAPL yesterday (analyst commentary, technical assessment, and Dan’s trade idea), so we felt prepared for whatever the market threw at us today. Sometimes, the easier trade is to …
Continue readingI like to use this space to give all of you a sense of what macro indicators I look at on a daily basis. Today’s chart is of an indicator that I haven’t mentioned before. …
Continue readingWhen the VIX got below 16 yesterday, I went back and looked at the behavior of VIX during the 2 previous bear markets of the last 12 years. Here is the chart of the VIX …
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We think investors the world over are entirely too complacent for the for the following reasons (to name just a few): 1) U.S. macro growth data continues to come in weaker each month, which is catching …
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As I write this at 9:10 am, futures now indicate a 0.2% higher open, after showing more strength earlier. Commodities are broadly higher, with copper and grains leading, up 2% or so, though SLV is …
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The overnight range in the SPX futures has been 6 points, on very light volume. The overnight range in the Euro has been between 1.2480 and 1.2510. The 10 year Treasury yield has traded within …
Continue readingThe VIX has demonstrated interesting, if not surprising, behavior over the past week. It is hovering around 24 even though the market as a whole is flat on the week. The VIX is actually up …
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Welcome readers to the new Macro Wrap. We’re moving the Chart of the Day piece to the middle of the day so I can make it even better for you, not rushing it out in …
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