It’s been my view for some time that on top of the large list of risks to an already fragile U.S. economy (if we entered a prolonged recession, it would result in a sustained period of …
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The S&P 500 (SPX) clawed back a good bit of its early 1% losses by days end. One noticeable theme in today’s trading was options traders rolling existing positions: GS: bank stocks under-performed the broad market most of the day, with …
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In 2015 the energy sector, measured by the S&P Energy Select etf (XLE) was the worst performing group, down 22%. In 2016, the XLE is the best performing group, up nearly 20%. As we barrel into year end, …
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As unpredictable the first half of 2016 were in financial markets, the back half is proving to be stranger. The 12% peak to trough decline in January & February caught most off-sides, and then again with the post …
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Yesterday’s price action across most major risk asset classes was a clear indication that investors are re-positioning for rate tightening cycle. Let’s quickly refresh The S&P 500 (SPX) was down 0.5%, the yield on the …
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Today Alphabet (GOOGL) introduced their (kind of) much anticipated digital assistant, called Assistant to compete with Amazon’s (AMZN) Alexa/Echo products. The company also introduced a line of Google designed and branded smartphones that will compete …
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In this weekend’s Barron’s Striking Price column, long time columnist Steve Sears, (who I am a big fan of) had Steve Sosnick of Timber Hill fill in to discuss hedging ones portfolio into the Nov 8th …
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We’re not getting to hear much policy discussion in this strange presidential election cycle but one topic that sometimes gets through is healthcare. A hot button issue over the past year on the Democratic presidential …
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Here are a few apparently directional options trades that caught my eye in today’s trading: XLK: There appeared to be an opening bullish bet in the S&P Technology Select etf when the etf was trading $47.70, …
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Event: Pepsi (PEP) is scheduled to report its Q3 results Thursday morning prior to the open. The options market is implying about a 2%* one day post earnings move which is rich to the 4 …
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