Category Archive: Finance
Global Equities Pulling Back
US equity markets have been on a pretty epic run over the past few weeks, but today the major indices are finally pulling back a bit. We’re seeing mean reversion in international equity markets as well. We highlighted each of the 30 largest country ETFs (traded on US exchanges) are trading relative to their 50-day […]
New “Sell” Signal Triggered On Weekly SPX:VIX Ratio
I last wrote about the SPX:VIX ratio in my post of October 17. At the time, volatility was creeping higher, as the SPX was making new highs. As of 2:00 pm today (Wednesday), volatility has continued to rise, as the ratio dropped to just above the critical 200 “New Bull Market” level, as shown on the following SPX:VIX Monthly ratio chart. The following 60-Day 60-minute […]
Trump Effect: Wells Ups Government Service Names On Tax Cut, Better Fundamentals
This morning, Wells Fargo analyst Ed Caso upgraded CACI (CACI), Leidos (LDOS) and SAIC (SAIC) to Outperform from Market Perform while reiterating Outperform ratings on Booz Allen (BAH) and CSRA (CSRA), citing better fundamentals and the potential for the group to be meaningful beneficiaries of a reduction in the U.S. corporate tax rate. GOOD PERFORMERS […]
Two Startups That Are Making Cryptocurrencies And The Blockchain Incredibly Easy To Use
We see how fast cryptocurrencies are growing. Going from a market cap of $20 billion at the beginning of the year to $170 billion today, cryptocurrencies have been on a tear. One of the more remarkable aspects? They’ve expanded in spite of the difficulties that come with buying and selling them. Sometimes it’s not easy […]
Poor, Tailing 5Y Auction Stops At Highest Yield Since April 2011
One day after a mediocre, tailing 2Y auction, which stopped at the highest yield since September 2008, we had another mediocre bond sale by the US Treasury, in which $34 billion in 5 Year paper was just sold at a yield of 2.058%, the highest since April 2011, and a tail of 0.3bps to the […]
Stocks Are ‘Plunging’ – Cue The Peanut Gallery
I don’t know what to make of this anymore because much like U.S. politics, markets and market commentary have become cartoonish and the hilarious part of it is, it’s not so much the cartoon characters (people like me) that are making it that way. Rather, it’s the “serious” people. Look at this: There’s CNBC running […]
Nordson Ready To Rock Lower
Having a very good day, for obvious reasons. I’ve got 50 shorts and 12 puts, all of which are profitable. A favorite equity short is Nordson, shown below, which looks like it’s about to U-turn lower once more. As a bonus chart, the consumer staples fund, about which I did a post very recently, has broken crucial support. Bombs […]
New Home Sales Surge Most In 28 Years On Percentage Basis
New home sales for September blew out top end expectations and then some, rising 18.9 percent, the largest percentage gain in 28 years. The census bureau reported 667,000 new home sales in September at a seasonally adjusted annualized rate (SAAR) compared to an Econoday consensus estimate of 555,000. Volatility tied to low sample sizes is what the […]
Apple Co-Founder, Steve Wozniak, Is A Bitcoin Bull
It turns out that American entrepreneur and Apple co-founder Steve Wozniak is a big fan of bitcoin. Speaking at an event in Las Vegas on Sunday, Wozniak revealed that he’s been fascinated with blockchain technology since the moment it was introduced and now believes that bitcoin is better than gold and the US dollar. He […]
5 Bond ETFs For A Rate-Proof Portfolio
Treasury yields have been on the rise in recent weeks on growing riskier appetite, expectations of tightening policies and improving economic fundamentals. Notably, 10-year yields jumped to 2.428% — the highest level since Mar 31. Inside The Surge Speculation is rife that the new Fed Chair will follow aggressive monetary policy tightening in 2018. Additionally, […]
