Why The Fed Keeps Propping Up The Market
The bull market of the past decade since the Great Recession has been an unusual one: despite all of the…
The bull market of the past decade since the Great…
Market Powelled
We are witnessing some major moves post the Fed decision today. Powell has managed, among other things, killing US yields.…
We are witnessing some major moves post the Fed decision…
Achtung Baby!
So much for the great European auto bull move yesterday. BMW profit warns and the stock is currently crashing 5%.…
So much for the great European auto bull move yesterday.…
Divergences
Complacency has been developing over the past weeks. As we have previously written, all global cross asset volatilities are down…
Complacency has been developing over the past weeks. As we…
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…
Global PMI manufacturing has now dropped since Dec-17, and we…
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…
Over the past days, several of the people we use…
Tale of Two Stories…
Presented without comments. Source, Bloomberg
Presented without comments. Source, Bloomberg
OPEC “non” Event Weekend
So, we had the OPEC weekend, but oil prices remain extremely dull. Oil is one of the best performing assets…
So, we had the OPEC weekend, but oil prices remain…
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.…
There has been a lot of commentary as of late…
“Hedges Only Cost Money”
VIX is reaching multi month lows today. Investors hate paying for protection. We had a conversation with a fund manager…
VIX is reaching multi month lows today. Investors hate paying…
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…
Putting hard-earned money in the stock market can make some…
Chinese Bull Very Bearish
Today is so far one of the most boring sessions in the US this year. Most indices are trading around…
Today is so far one of the most boring sessions…