The national elections have taken place. Politically, it appears that expectations for a “Scenario 2” outcome is most likely – Joe Biden winning the White House and the Republicans holding the Senate. There are some recounts yet to take place and court challenges to be decided as well as at least one if not two […]
As expected, in the month of September, the markets experienced their first significant correction since those dire days of the beginning of the COVID-19 crisis. This correction especially hit the red-hot growth technology stocks the most. During the month, I unwound hedges and got back to work on identifying opportunities, tactically and strategically across all […]
Donald Trump is the President-Elect of the United States of America. I am not going to get into any political discourse here and now. There are winners and losers, but we can discuss that another time. You can rejoice in the election if you supported Trump (and for full disclosure, I have) or face reality […]
The race for the Presidency has taken several twists and turns the past few weeks. Last week was a real doozy: Wikileaks release of emails, Donna Brazile’s scandal and FBI Director James Comey’s letter to Congress. All told; the election outlook is becoming more uncertain as Donald Trump catches up to Hillary Clinton. I quantified […]
Normally, the last week of a fiscal quarter would be a quiet affair, dominated by money managers window dressing their portfolios. I used last week to adjust the portfolios, not window dress, ahead of what could be a crazy week. Let’s take a look at the week that will be. Monday – overall this should […]
The S&P 500 (SPX) continued to power to new highs last week, although growth still lags dividends. Hence the Dow Jones Industrials (DJIA) continues to outperform the NASDAQ (NDX). On Friday, markets consolidated recent gains, most likely as monthly options expiration kicked in. After the markets closed on Friday, a coup d’état was underway in […]
The Republican Party swept to victory last evening. The Grand Old Party recaptured the Upper House taking away at least 8 seats and potentially a ninth seat in Louisiana next month and extended its majority by twelve seats in the House of Representatives. As it now stands, the GOP has 53 seats in the Senate. […]
Normally the first trading day of a month is decisively positive. However, with Election Day on Tuesday (today), we should expect flattish action until the outcome of the election is made clear. Normally I would say that would be about 10PM EDT, after which the index futures market tends to get very active. That however […]
The markets continued to try to gain back its land legs with modest advances on Tuesday. After the markets closed in the US, Turkey announced a doubling of its interest rates, sending the Turkish Lira higher and putting a bid into US equity index futures. However, the advance in futures dissipated overnight and turned to […]
Boeing (BA), Yahoo (YHOO)