More Questions, Less Answers
Tuesday wasn’t what I would call a particularly “upbeat” session. More questions were raised than answered both on the political front and in markets. Jeff Sessions’ testimony before the House Judiciary Committee did not go swimmingly which isn’t particularly surprising. It is now abundantly clear that the Attorney General knowingly misled lawmakers in previous testimony […]
SendGrid (SEND) A Developer-Focused Email Platform
There’s a growing class of “developer-focused” software infrastructure platforms. It all started with Amazon AWS but since then many companies have taken a similar approach to other areas of software. Other examples included Twilio (TWLO), Stripe (Private), Atlassian (TEAM), MuleSoft (MULE), and GitHub (Private). What distinguishes this type of company? Here’s our list: They can “call or be called” via […]
Brazil Breakdown Continues
I talk quite a bit about Brazil here on Slope, and the breakdown in the ETF fund symbol EWZ symbols (and, likewise, the ascent in ultrashort fund BZQ). The trendline failure matters:
Market Talk – Tuesday, November 14
All core markets finished lower in Asia today, with the possible exception of the Nikkei that closed almost unchanged. The Hang Seng closed small down but was Shanghai that lost -0.5% which after the data was actually not that bad! Today we saw Industrial Production, Retail Sales and Investment Spending and it was the talk […]
Bulls Able To Recover Early Losses
Another day where bulls had to dig deep to make back early losses but there was little more beyond that. The Russell 2000 remains the index most feeling the pressure. It’s trading below the 50-day MA but hasn’t experienced the kind of day where longs will feel pressured to sell. Some traders may take an […]
Stocks Stagger On Tax Turmoil As Junk Debt Dumps To New 8-Month Lows
Yellen warns “valuations are at the high end of ranges” but tax cut details diss stocks. It was all going great until I hit 310kph… Video Length: 00:02:05 Ugly data from China overnight sent China bond and stock prices lower… Notably Gold remains the only asset higher since the Saudi chaos… All Cash Indices […]
Yield Curve Flattens: Profit From This ETF
It’s not just the Fed that is adding volatility to the Treasury market and the yield curve, a combination of other factors are also behind the fluctuation. Currently, the short end of the yield curve is rising faster than the long end, and the spread between both is narrowing. In fact, the yield curves are […]
Wells Fargo Says Buy Coca-Cola Ahead Of Investor Day
In a research note to investors, Wells Fargo analyst Bonnie Herzog upgraded Coca-Cola (KO) to Outperform ahead of the company’s investor day meeting on November 16. The analyst argued that the market is underestimating “several key points” and that Coca-Cola should be “a core holding” in 2018 and beyond. BUY COCA-COLA: Wells Fargo’s Herzog upgraded […]
It Looks Like The Oil Is Topping Now
According to the latest Commitments of Traders report, Money Managers trading Crude Oil (light sweet) futures increased their net long position in these futures to 340.2 thousand contracts or 13.1% (calculated as the net long position divided by the total open interest): In that way the LONG oil trade entered the over bullish area. […]
Global Outlook Continues Improving
from the Dallas Fed — this post authored by Kelvinder Virdi World gross domestic product (GDP) edged up in the second quarter, thanks to improvement in both advanced and emerging economies. World real (inflation-adjusted) GDP (excluding the U.S.) rose 0.4 percentage points to 3.5 percent on a year-over-year basis (Chart 1). Advanced economies (excluding the […]
