AUD/USD – More Gains Ahead?
AUD/USD traded higher today, extending its gains on the back of U.S. dollar weakness. While there were no Australian economic reports released overnight, AUD/USD traders were relieved that Australia has also been granted an exemption from Trump’s trade tariffs. Although Australia’s steel and aluminum exports are nominal (only about US$213 million each), psychologically this decision […]
Bond Retreat
Ten years ago today, one of Carlyle Group’s mortgage funds, Carlyle Capital Corp (CCC), was seized by creditors. Precipitated by dwindling liquidity, the fund’s effective insolvency would amplify those global “dollar” pressures and lead to Bear Stearns’ untimely demise mere days later. The fund’s corporate parent issued a statement on March 6, 2008, that read: […]
EC Winners And Losers In A Trade War
The prospects of a trade war have increased. The second year of the Trump Administration has begun with a serious provocation. Duties and quotas on washing machines and solar panels were consistent with the defenses against dumping and unfair subsidies of previous administrations. However, the tariffs slapped on aluminum and steel were exceptional. The justification […]
9-Year Bull To Roar High: Bet On The Best Leveraged ETFs
As the U.S. bull market turned nine on Mar 9, major bourses saw tremendous upside suggesting that the market still has legs. The S&P 500 index has quadrupled from the bear-market bottom of 676.53 hit on Mar 9, 2009 — representing the second-longest and second-strongest bull market in history. The trend is likely to continue […]
XPO Logistics Inc. (XPO): Here’s Why Mar Vista Investment Partners Likes It
Mar Vista Investment Partners, a California-based minority-owned investment management firm, is bullish on XPO Logistics Inc. (NYSE:XPO). In its Q4 investor letter – you can download a copy below– the firm discussed its investment thesis on XPO, noting that the market undervalues CEO Bradley Jacobs’ strategy and the company’s “unique collection of technology, software and data.” In this […]
Mapping The Top Export Of Every Country
In a global market with (mostly) free trade, it’s common to see economies that are very specialized, each producing specific goods based on the competitive advantages, incentives, and resources they have available. Whether those inputs are inexpensive labor, ample amounts of natural resources, or a surplus in engineering talent, countries can use these advantages to […]
The Market’s Nine-Year Itch
On October 15, 2014, I wrote a piece called “When Something Itches, The Tendency is to Scratch It.” 4 years later, instead of a young and gorgeous Marilyn Monroe standing above the subway waiting for the breeze to lift her skirt, we have a plastic, painted cast of a voluptous woman who is starting to […]
E S&P 500: Unfolding A Three-Wave Recovery
We are observing a three-wave recovery in the making, away from February lows, which can be labeled as blue wave B. That said, we can see first and second wave A) and B) completed, so current upward movement from 2648 level can be part of wave C), which can face limited upside and resistance around […]
Hot Options Report For End Of Day – Monday, March 12
Top tickers for end of day: AMD, CMCSA, GE, MU.
These Mega Market Caps Defect
Video length: 00:17:48 Stocks ended the day mixed – the Dow was down, the S&P was flat, and the Nasdaq was higher. What gives? In this crucial video update we look at how the options market can’t get the pricing right and how investors are playing the shell game with the biggest stocks. Watch the […]
