“Over the last 3 weeks, US equities have rallied as fund positioning rose, the buyback bid resumed as companies exited blackout periods and US equity inflows returned over the last week. Overall US equity fund positioning getting elevated. Elevated overall positioning reflects that of long-short hedge funds and asset allocation funds.”
Day: February 18, 2017
Some “Crude” Rambling
Warning: there’s no structure here. Just some stream of consciousness oil market rambling along with some pretty good excerpts from Bloomberg, Reuters, and SocGen. Oh, and there’s a random chart at the end.
Thinking Globally In A World Gone Mad
One of the themes I harp on quite a lot in these pages is the
Saturday Humor (Crazy Like A “Fox”)
Nope, no connection here….
Did The Market Misread The Most Important Event Of The Week?
So we got a hawkish Yellen on Capitol Hill. Or did we?
A $1.3 Trillion Quandary
If you’re looking for pockets of risk (and you should always be looking for pockets
Goldman: “Cognitive Dissonance” Reigns In US Stock Market
“Cognitive dissonance exists in the US stock market. S&P 500 is up 10% since the election despite negative EPS revisions from sell-side analysts (see Exhibit 1). Investors, S&P 500 management teams, and sell-side analysts do not agree on the most likely path forward.”
Chart Check (“Up, Up And Away”)
“Le Pen is mightier than le sword”…
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