Remember the Taper Tantrum in 2013? Seems like a distant memory. But the U.S. Fed floated the trial balloon that they would start tapering bond purchases from their QE highs of about $85 billion a …
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MorningWord 7/11/16: Such Great Heights… Depths
Fears of a recession in the U.S. following the late June Brexit vote in the U.K was one of the main reasons for the 5% drop in the S&P 500 (SPX) and the new lows made …
Continue readingI $SPY With My Little Eye, Lower Highs
It seems like a lifetime ago but on Friday the S&P 500 (SPX) was in an all out free-fall in the aftermath of the UK Brexit vote, closing down 3.6%. I had some fairly specific …
Continue reading$PG Cresting?
Since the start of 2014, shares of Proctor & Gamble (PG) are essentially unchanged, up $2, or about 2.5%, vs the S&P 500 (SPX) up about 13% during the same period. The dividend yield on the …
Continue readingMorningWord 6/9/16: What everyone wants, is not what everyone needs
Context matters in most things in life. While the nearly 95% bounce in oil from the February lows might be explained by an uptick in demand, or a decrease in supply, the reality is it has had little to do …
Continue readingMorningWord 6/6/16: Crank Up the Vagueness & Rip Off the Knob
The first thing I read this morning was a Bloomberg preview of Fed Chair Yellen’s speech today at 12:30. It was titled: Yellen Speech May Offer Little Clarity After Vagueness Paid Off. I obviously have no …
Continue readingMorningWord 5/18/16: Northern Exposure – $SPX
Yesterday on CNBC’s Futures Now program, Sven Henrich, or as you may know him on-the-line as The Northman Trader, offered some thoughts on the technical set up in the S&P 500 (SPX), watch here: Regular readers …
Continue readingBig Printin’ – $XME: Pedal off the Metals
One of the largest trades today in the options pits was an apparent bearish bet (or a defensive hedge) in the XME, the S&P Metals & Mining etf. When the etf was $22.85 a trader …
Continue readingMorningWord 5/3/16: He who forgets, will be destined to remember
There’s lots of weird stuff going on in global financial markets at the moment. Last week’s statement by the U.S. Federal Reserve (sort of upgrading their view of the global economy, while slightly downgrading their …
Continue readingMorningWord 4/13/16: The U.S. Dollar Holds the Key?!
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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