Category Archives: Equities

Volatility Returns (to the NASDAQ)

At around 2 pm (New York) Friday, we see the Nasty (NASDAQ 100 futures) trading down over 3 percent and the Dow and S&P500 relatively flat.  The FANG stocks, including Apple, were getting shellacked I recall a few weeks ago … Continue reading

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Will The Algos Crush The Shorts Once Again?

If there is one thing we have learned over the past few years,  “the algos will find you out”.   Add to that,  always bet against the fast money crowd. According to Bloomberg, the shorts have been upping their positions … Continue reading

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Talking ’bout Mexico – JT

So King David at thinkinthemorning.com sends over an article showing U.S. stocks with revenue exposure to Mexico.   Starts us thinking about who is smarter,  equity traders or currency traders,  who follows who,  or who is fooled by randomness? . … Continue reading

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The Transition Trade

Nice chart (hat tip King David over at thinkinthemoring.com) from Wall Street Journal on the return of the Dow Jones after election day to the inauguration of presidents all the way back to McKinley when the Dow index was created. … Continue reading

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Reagan-Trump S&P500 Analog

We continue to track the meaningless (in terms of projecting trajectory)  Reagan-Trump S&P500 analog.  At their respective inaugurations, the Trump S&P is outperforming Reagan by 4.4 percent.  Note, Trump was inaugurated 51 trading days after the election whereas Reagan’s inauguration … Continue reading

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Obama’s Bull Market

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TOTD: Who Owns The U.S. Equity Market?

(TOTD = Table of the Day)

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How Are Those “Crowded Trades” Doing?

We take a look here at what BofA/Merrill Lynch has surveyed as the “most crowded trades” in the market.  Most are taking on water as the crowd is leaning to the same side of the boat. Big losses for Japanese … Continue reading

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Reagan-Trump S&P500 Analog

Trump rally holding.  Now outperforming Reagan’s S&P by 3.13 percent after 47 days from election day.   Meaningless in terms of predicting future performance.  But, fun, no?

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Reagan-Trump S&P500 Analog: Tracking

We’re still tracking the Reagan-Trump S&P500 analog.  We’ve noted it’s a fun exercise and probably useless in predicting the future move in the index given the different macroeconomic initial conditions at the beginning of both Administrations. But, hold on!   … Continue reading

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