“In our opinion, this is not dangerous market complacency but a reflection of an abnormally tranquil macro environment, with a benign economic outlook, very supportive financial conditions, and lower political risks”…
Category: S&P 500
Goldman Has 5 Exciting Options Trades They Want To Tell You About
Katherine and John are back and they want you to know that “the month of July has been a popular month for companies to preannounce over the past six years.”
Trader: “You Really Shouldn’t Make It Up As You Go Along”
“They don’t have to be governed only by the lowest common denominator. Nor forever ignore the negative externalities of oppressively low global rates and how they further suppress yields and encourage profligate risk-taking.”
‘And Now, Deep BTFD Thoughts,’ By Cameron Crise
“If the post-crisis equity rally were to have a theme song, it would probably be called “just buy the dip.” The strategy has generally worked well, until recently, when there seem to have been no dips to buy.”
Guest Post: The Reverse Tepper Moment
“In the current environment, we have the opposite situation. Either the economy rolls over (which should be bad for stocks), or it bounces, at which point the Federal Reserve continues on its tightening path (which could also be bad for stocks).”
One Trader Has Had It With Your “Wild Projections Fueled By Irrelevant Moral Outrage”
“Traders need to remind themselves that you can’t win the war if you keep losing one battle after another.”
Dollar Is Happy, Pound Is Sad, And There’s Some Yuan Shenanigans Afoot
It’s about Dudley for the dollar which rose to a three-week high versus the yen
SocGen: This Is The “Real Test For The Party Mood”
“Whether the Fed is raising rates too fast given their inflation mandate or not, they are raising them too slowly to contain asset price inflation. And while the FX market was getting a bit nervous, with falls for the RUB, ZAR and the TRY yesterday, the emerging bond market community was getting excited about 100-year, dollar -denominated debt issued by Argentina.”
Unlike “Pundits” Who Are Always Wrong, One “Risk Taker” Actually Cares About His P/L
“While the pundit class can be wrong on a regular basis with no repercussions, for risk takers the P/L never lies.”
BofAML’s Stark Warning: “Sell Before It’s Too Late”
“Is it possible that the Fed has become concerned about the recent surge in the equity market, especially tech stocks that has been feeding off low interest rates and low volatility?”
SocGen: Those Record High Stock Headlines Are “Misleading”
“Bond momentum, not equity momentum, is the one to watch going forward.”
Stocks Super Happy, Oil “Flirts With Collapse,” UK Brexits, France Wonders Why No One Voted
Generally speaking, it was a quiet overnight session as traders look forward to a light
You’re Goldman, And If You Ask You, Investors Need To “Sharpe”n Up
“But many investors are focused on the wrong objective.”
Peter Pan’s Revenge: Kuroda Thinks You’re Crazy To Think BoJ Is Not Still Crazy
“The moment you doubt whether you can fly, you cease forever to be able to do it.”
Darth Trader: “This Is Why I Am Shorting US Stocks”
“After many months of fighting all the naysayers predicting the next big stock market crash, I am finally succumbing to the seductive story of the dark side, and getting negative on equities.”
“It Belongs To The Robots”: Gap Between Humans’ And Bots’ Stock Exposure Soars To Record
“That money you see sloshing around in the U.S. stock market, it belongs to the robots.”
The Day After: Yellen’s Big Mistake
So here we are, the day after a Fed hike that was supposed to (and
“Euphoria”: I’m Lovin’ It
Although “posthumous equine abuse” isn’t something we’d list under “interests” if we were say, signing up for a dating site, we don’t mind engaging in it if we think doing so might drive home a particularly important point.
Before The Fed: China?! “An Illegal Siege” On Qatar! Crude Carnage. Oh, My.
Yeah, so this afternoon the Fed will almost surely hike and folks will be looking
“I’m The One Who Got Us Into This Mess,” A Brent Death Cross, And “The Day Before Tomorrow”
Today is all about tomorrow…
SocGen Warns On Tech, Momentum: “When It’s Time To Hit The Door, You Better Move Fast”
“The sell-offs themselves are not particularly unusual, but the uniformity of the prices moves all on the same day indicates a market driven by price chasing momentum, with investors heading for the door all at the same time.”
What A “Buzz Kill”: Tech Selloff Goes Global
“There’s a chance U.S. internet technology stocks that have propelled a global stock rally will now serve as a buzz kill.”
Goldman Presents: “FOMC Alpha” Or, How To Trade The Fed
“What is perhaps less well known is that a sizable portion of average yearly asset returns is generated on these days.”
“Goldilocks And The 3 Hikes”
“However, just like in the fairy tale, this perfect scenario is unlikely to last.”
Just 3 Charts…
Spot the odd one out…
BofAML: The Idea That Stocks Will Continue To Rise Is “Wishful Thinking”
“With US companies seemingly reluctant to make major decisions on hiring and investment ahead of tax reform, with tightened financial conditions starting to bite into Chinese domestic demand, and with an escalation of political risks across the globe, it seems to us that the equity market may be too complacent about downside risk to global growth.”
China? China! Kuroda Contemplates His Exit, And Other Overnight Shenanigans
It’s “Super Thursday” and although the real fireworks (if there are any) aren’t set to
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