Following KO’s weak report this morning, the consumer staples sector is the worst performer so far today. Weakness in the staples sector is not new though. XLP, the staples ETF, is flat in the past …
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Following big moves in the indices, I find it useful to see who’s leading and who’s lagging. We’ve rallied almost 100 points in the S&P 500 in a couple weeks. Which individual sectors have been …
Continue readingStill holiday volumes in the option markets, but here were a few standouts. EEM – August Puts were very active today, with the Aug 38/33 put spread trading 60k times for 0.92 in the morning. XLP …
Continue readingWith the second consecutive down day nearing 1%, the options flow seemed fairly mixed btwn single stock, etf and index names. TLT – at the very end of the trading day, as the SPX was on …
Continue readingEnis had a great write up this morning in his MacroWrap (read here) about the new leadership sector in the S&P, yes the dreaded financials as measured by the XLF etf. Enis notes that given …
Continue readingUpdate April 26th, 2013 at 10:40am: Since initiating a bearish short dated trade on JNJ on April 12th (below), the stock has risen ~3% vs the SPX which is down about 30 bps. Let the defensive out-performance …
Continue readingEarlier today Enis wrote a fairly splendid Chart of the Day post (below), showing how giddy the equity investment world has gotten about defensive stocks. We haven’t traded any of these names in quite a …
Continue readingIt’s the 3 generals of this market – Health care, Staples, and Utilities. The glamorous, exciting sectors of the new economy. They are bid up day after day, and are leading the broader indices higher …
Continue readingDefensive sectors outperforming has been a theme for more than a month now, but what’s eye-opening is just how strong the runs in those sectors have been. This post is a quick run-through of the …
Continue readingGreat post last night from the team at Global Macro Monitor. In it, they discuss the ratio of consumer staples (XLP) to consumer discretionary (XLY), and its potential importance for the future direction of the …
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