All articles
Achtung Baby!
So much for the great European auto bull move yesterday. BMW profit warns and the stock is currently crashing 5%.…
March 20, 2019
Divergences
Complacency has been developing over the past weeks. As we have previously written, all global cross asset volatilities are down…
March 19, 2019
The Devil’s Advocate
Global PMI manufacturing has now dropped since Dec-17, and we get the feeling everybody has become bearish by now: being…
March 19, 2019
You Buy Insurance Before the House Catches Fire, Not After
Over the past days, several of the people we use for “contrarian” set ups have started all talking the same…
March 19, 2019
Tale of Two Stories…
Presented without comments. Source, Bloomberg
March 18, 2019
OPEC “non” Event Weekend
So, we had the OPEC weekend, but oil prices remain extremely dull. Oil is one of the best performing assets…
March 18, 2019
Stock Buybacks Aren’t Bad, Just Misused & Abused
There has been a lot of commentary as of late regarding the issue of corporate share repurchases. Even Washington D.C.…
March 17, 2019
“Hedges Only Cost Money”
VIX is reaching multi month lows today. Investors hate paying for protection. We had a conversation with a fund manager…
March 15, 2019
Stock Market Returns Over Different Time Periods (1872-2018)
Putting hard-earned money in the stock market can make some people nervous. It’s well known that a correction can occur…
March 15, 2019
Chinese Bull Very Bearish
Today is so far one of the most boring sessions in the US this year. Most indices are trading around…
March 14, 2019