US Treasury Curve Collapses To December 2008 Lows
The spread between the 30Y US Treasury yield and 2Y has plunged by 7.5bps this morning (as 2Y sells off and 30Y rallies post-Draghi) to 175bps. This is the flattest curve since Dec 2008 lows (at 172bps) which can only bode poorly for financials… 30Y bonds are bid (juicy yield compared to Europe) and 2Y yields are […]
March 5, 2016 Initial Unemployment Claims Rolling Average Again Improves
Weekly Initial Unemployment Claims The market expected (from Bloomberg) were 270,000 to 278,000 (consensus 272,000), and the Department of Labor reported 259,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 270,000 (reported last week as 270,250) […]
The Stock Whisper Of The Day: VXX, GPOR, PBR, SPY
Hot stocks of the day: VXX, GPOR, PBR, SPY Video length: 00:05:24
U.S. Oil Companies See Reserve Values Fall By Over Half A Trillion Dollars In 2015
New analysis from Evaluate Energy shows that 57 U.S.-based E&P companies have seen the present value of their global proved (1P) reserves fall by a combined 63% between 2014 and 2015, a staggering $515 billion. The full breakdown of the company data provided on an annual basis shows that the overwhelming majority of this fall in value is clearly […]
7 Economic Value Stocks That Should Be In Your Portfolio
The improving U.S. economy, increasing consumer spending and improving oil prices are expected to bring forth few winners across the equity universe in 2016. However, in the contemporary volatile equity market, investors should allocate their funds with a clear roadmap. Looking for Value We perceive that investors can do well by acquiring less risky stocks […]
Gold Stock Sector: Rubber, Meet Road
The process of finding and confirming a bottom in the gold sector is now front and center as more of the fundamentals that actually matter come into place. To those fundamentals, we need to marry the technicals. We have consistently worked a theme that sees a comparison to the 1999-2001 bottoming phase in the gold sector. That […]
TPP Moves To Ratification Phase
A controversial trade agreement, the Trans Pacific Partnership, has been agreed by the trade ministers of its twelve constituent countries and now moves to a ratification process in member states. The signatory nations now have two years to obtain any necessary endorsement of the deal at governmental/parliamentary level before it can come into full force. […]
It Is Not All About U.S. Jobs
The U.S. nonfarm payroll report typically dominates the first Friday a new month. In recent years, it has become among the most important economic reports globally. Not today. The market’s focus has shifted from Chinese stocks and yuan that dominated the first week or so, then oil, and now it is heightened concern about […]
The Case For A Bear Market In U.S. Stocks Growls On
What does a bear market for the US equity market look like? Current conditions seem to fit the bill. The clues, after all, are piling up, including the early warning that’s still in progress via a relatively reliable quantitative tool—the Hidden Markov model (HMM). This is old news, of course, which means that it’s time to focus […]
FTSE 100 Remains Bearish Ahead Of NFP
The outlook for the FTSE 100 is little changed from yesterday. It’s choppy around the 5880 level and will continue to be so for the next few hours as traders tend to be hesitant to enter with fresh positions ahead of today’s U.S. Non-Farm Payrolls report. A Bloomberg News poll projects an NFP outcome of 190k from […]
