Most professional portfolio managers, whatever their sales pitch, are in the business of chasing performance. Their career is always more at risk if they miss the big trends than if they fail together with the …
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The materials sector has been the worst performing sector in the U.S. market for much of 2013. Stagnant metals prices, rising costs, weak emerging markets, and Chinese overcapacity have all been partly to blame. The …
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MorningWord 8/6/13: In this space yesterday I discussed the relative out-performance of Web 2.0 stocks vs their brothers from another bubble (here), and what the frothy price action could mean at this stage of the …
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The main theme over the past 3 trading days has been the significant outperformance of cyclical sectors, after the 1st quarter was led by defensives. While the defensive sectors have been making new bull market …
Continue readingWe had a brief argument yesterday on CNBC’s Halftime Report about whether stocks in the materials sector were cheap or not. Certainly, many mining related stocks have been battered in the past few months, particularly …
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Event: AA reports their Q3 after the close Tuesday Oct 9th. The options market is implying about a 3.75% move vs the trailing 4 qtr & 8qtr avg moves of ~3.25% and ~3.38% respectively.
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The Shanghai composite closed at a 3 year low last night. At the lowest level since March 2009. Multinational after multinational pointed out the weakness in Asia, and Chinese investors seem to agree with that …
Continue readingYesterday’s intraday reversal higher was a very high probability event, far before any news headlines about Europe hit the tape. It was the rare event where almost all of my intraday signals line up to …
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