Archives by Month:

Archives by Year:

VIX Rising, Stocks Sliding As Geopolitics Remains The Driver

VIX Rising, Stocks Sliding As Geopolitics Remains The Driver

Talking Points: – Last week saw a reversal of USD-strength as geopolitical tensions around the Korean peninsula moved into the spotlight. – This has created a move-higher in the VIX (the ‘fear and greed index’); but the last couple of those instances turned-into aggressive rallies-higher. Is this time different? This week is relatively light on […]
M&T Bank Corporation Q1 Earnings Top Expectations

M&T Bank Corporation Q1 Earnings Top Expectations

Written by StockNews.com M&T Bank Corporation (NYSE:MTB) early Monday posted much better than expected first quarter earnings, as its operating income improved significantly from last year. The Buffalo-based regional banker reported: Q1 earnings per share (EPS) of $2.15, which was $0.21 better than the Wall Street consensus estimate of $1.94… net operating income for the first […]
Aussie Finds Its Feet Amid Strong Chinese GDP

Aussie Finds Its Feet Amid Strong Chinese GDP

The Australian dollar extends its gains and edges closer to the previous, higher range. AUD/USD is trading at 0.7589. It seems clearer that the stubborn support at 0.7472 marked a bottom for the pair. The backdrop for the Aussie’s ascent comes from its No. 1 trading partner. China released a bulk of economic data and […]
Dollar, Yields, Futures Under Pressure Following Weak US Data; Europe Closed

Dollar, Yields, Futures Under Pressure Following Weak US Data; Europe Closed

Following Sunday night’s resumption of trade after a three-day weekend, which saw sharp moves lower in US yields, the dollar and the USDJPY after Friday’s disappointing CPI and retail sales data and the weekend’s North Korea jitters, the mood has stabilized in light trading with Asian stocks advancing, Europe mostly closed for Easter Monday and S&P futures […]
“Risk Off” Making Some Headway

“Risk Off” Making Some Headway

Global “Risk Off” has been Making Some Headway. Last week saw ten-year Treasury yields (TNX) drop 15 bps to 2.23%, the low since the week following the election. German bund yields declined another four bps to a 2017 low 19 bps. The Crowded Trade hedging against higher rates is blowing apart. The Crowded yen short […]
Stock Trading Alert: S&P 500 Broke Below Recent Lows, New Downtrend Or Just Correction?

Stock Trading Alert: S&P 500 Broke Below Recent Lows, New Downtrend Or Just Correction?

Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,410, and profit target at 2,200, S&P 500 index). Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year’s all-time high: Intraday outlook (next 24 hours): bearish Short-term outlook (next […]
Fortune Cookie Say: “Good Econ Data!” The Sultan Returns. Welcome To Monday

Fortune Cookie Say: “Good Econ Data!” The Sultan Returns. Welcome To Monday

Boom! It’s Monday. Let’s hit the ground running in China, where we got a raft of econ data overnight. People like bullet points, especially when they’ve got a vacation hangover, so here’s the quick take: CHINA 1Q GDP GROWS 1.3% Q/Q; EST. 1.5% CHINA 1Q GDP GROWS 6.9% Y/Y; EST. 6.8% CHINA MARCH INDUSTRIAL OUTPUT […]
Macro Mondays: Annuities

Macro Mondays: Annuities

In some form or another, you may have heard annuities mentioned on infomercials or by well-known insurance providers…or even as a viable option if someone wins the lottery. But what exactly are annuities, and why are they primarily the favorite child of insurance salesmen (and ladies)?  Today on GradMoney’s Macro Mondays, we introduce you to […]
China Steel Production Hits Record Output: Minimum GDP Growth In Last 26 Years Is 6.7%

China Steel Production Hits Record Output: Minimum GDP Growth In Last 26 Years Is 6.7%

If you believe in economic data from China (no knowledgeable person does) then you will likely accept as fact this Reuters headline: China first-quarter GDP grows faster than expected 6.9 percent. China’s economy grew 6.9 percent in the first quarter from a year earlier, slightly faster than expected, supported by a government infrastructure spending spree and a frenzied housing […]