Brown & Brown – Chart Of The Day
The Chart of the Day belongs to Brown & Brown (NYSE: BRO). I found the insurance brokerage by using Barchart to sort today’s All Time High list first for the highest number of new highs in the last month, then again for technical buy signals of 80% or better. I always review the charts using the Flipchart feature. Since the Trend Spotter […]
The Convertible Bond Trifecta
Convertible securities have not been immune from the volatility that has roiled risk assets in 2016. However, we believe the volatile start to the year has set the stage for longer-term opportunities. A convertible bond can be thought of as a corporate bond (credit) with an embedded call option (equity). (For a primer on convertible […]
Binary Options Trading Opportunities – March 22, 2016
Tuesday will be a handful of announcements coming out of the European Union, and that of course can have an effect on both the Euro and the European indices. At this point, we believe that most traders will be of the shorter-term variety. DAX struggles The DAX struggles yet again at the €10,000 level, and […]
Rising Yen As Rising Dollar Only With A Weaker Dollar Shown Via That Stronger Yen
Oil prices remain ebullient, relatively, compared to the dismal start to the year. Everything else, it seems, is driven by that background which means “dollar.” In that respect, we look to China or at least the Asian version of the “dollar” for guidance on triangulating funding conditions and future potential positioning. The CNY exchange is […]
Is Apparel The Canary In The Coal Mine?
Last week, one of the curious parts of the CPI report was the large jump (1.6% month/month, or nearly 20% annualized) in Apparel. At the time, I dismissed this rise with a hand-wave, pointing out that it Apparel is only 4% of core and so I don’t worry as much about Apparel as I do, […]
Market Talk March 21, 2016
With Japan on national holidays it was left to Shanghai and Hang Seng to show the rest of the world the way forward. With the help of the PBOC, adding ample liquidity and fixing the Yuan rate at 6.4824 (compared to 6.4628 on Friday) stocks saw a healthy 2%+ gain for the day. HSI closed marginally firmer. In […]
Kaleidoscope Eyes
Dennis Lockhart, Atlanta Fed president, made a speech today trumping up the possibility rate hikes as soon as April. In his speech, Lockhart cited “sufficient momentum evidenced by the economic data to justify a further step at one of the coming meetings, possibly as early as the meeting scheduled for end of April.” Let’s dive […]
Connecticut Credit Risk Spikes To Record High
Amid cuts in aid and surging taxes, it appears the market remains less than impressed at Connecticut’s debt sustainability. Following last week’s disappointing bond auction, CT bond risk has spiked to 65bps over the benchmark – a record spread demanded by investors to take CT repayment risk. CT becomes the 4th riskiest US state after NJ, IL, and PA. […]
Higher U.S. EV Sales To Drive Tesla Stock
123RF Tesla (NASDAQ:TSLA) shares have rallied more than 10% over the past five days after a bullish report about the state of the EV industry in 2016 emerged. According to InsideEVs.com, plug-in sales in the U.S. during the first two months of the year were up 8.9% to 14,172 units compared to the same period a year […]
S&P 500 Snapshot: A Fractional Gain In A Catatonic Session
Our benchmark S&P 500 opened a hair lower than Friday’s close and sold off to its -0.31% intraday low about 90 minutes later. It then slowly recovered in zigzag fashion to its 0.21% afternoon high before drifting downward to its fractional closing gain of 0.10%. Today’s session was the narrowest intraday trading range of the […]
