In early March, my friend Jay Pelosky made a cogent case Why the World Needs a Weak Dollar. That was when the U.S. Dollar Index (DXY) was very near its multi-year highs. Here was his main …
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Prior to the Brexit vote last week in the UK, a Leave decision was not a major input for my cautious view in U.S. stocks (MorningWord 6/23/16: Cause I Don’t Want to Be… Anarchy). In hindsight, …
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The relative outperformance of U.S. stocks on Friday was interesting. You know the ol’ saying, the cleanest shirt on a dirty block (or something). This week you’ll see a parade of strategists, fund managers and …
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Yesterday I previewed Hewlett Packard Enterprise’s (HPE) fiscal Q2 results due after the close (read here), and concluded: [private] My View into the Print: HPE is a cheap stock trading about 8.5x expected 2016 eps …
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When Proctor & Gamble (PG) reports their fiscal Q4 results in early August the company will likely print an eps decline of 10% for fiscal year 2016 with a 15% sales decline. The expected $65 …
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Shares of Walmart are having their worst day today since its February 18th 3% decline following Q4 results that capped their first annual sales decline since 1980, and guided down for the current fiscal year 2017 vs …
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Event: tomorrow before the open 3M (MMM) reports Q1 results, the options market is implying about a $5.25 move in either direction, or about 3%. The average move one day post earnings over the last …
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The financial press likes to condense potential market catalysts down to this or that is the KEY to an upcoming event. For instance here are a few headlines I have seen or heard this week: …
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This morning, Bloomberg reported on short interest in U.S. equity markets reaching levels not seen since 2008, with the suggestion that this could serve as a contrarian set up, quoting Fundstrat Global Advisor’s Thomas Lee, who opined: “There’s …
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This morning in the WSJ’s Streetwise column, James McKintosh succinctly summed up the bi-polar behavior of investors in risk assets over the last last couple months (The Markets Have a Message: Don’t Believe This Rally): Worries …
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