The big story for our Earnings Update this week is margins shrinking materially year on year (per Factset): 
Continue reading “Margins Shrinking and Expectations Subdued”
Be in the know. 7 key reads for Friday…
- Closely watched Atlanta Fed GDP model now sees growth at just 1.4 percent for fourth quarter (CNBC)
- Quantum Computing Companies Aim To Go Where No Computer Has Gone Before (Investor’s Business Daily)
- U.S., China haggle over toughest issues in trade war talks (Reuters)
- Pimco: The ‘sugar rush’ is almost over, so it’s time to ‘de-risk’ and raise cash (MarketWatch)
- Natural Gas Price Rises on Another Big Storage Drawdown (24/7 Wall Street)
- Kraft Heinz discloses SEC probe, $15 billion write-down; shares dive 20 percent (Reuters)
- A currency war would be one-sided if US/China trade dispute escalates (HedgeWeek)
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Unusual Options Activity
Today some institution/fund purchased 15,223 contracts of September 5 strike calls (or the right to buy 1,522,300 shares of Alamos Gold Inc. (AGI) at $5). The open interest was just 341 prior to this purchase. Continue reading “Unusual Options Activity”
Insider Buying
Quote of the day…
Hedge Fund Trade Tip (PIN) – Position Idea Notification
AAII Sentiment Results and Interpretation
AAII Sentiment Survey results are out this morning. Bullishness is now up to the ~40 level – which usually marks market reversals. Bearishness has collapsed. In the S&P500 chart below I have noted those dates in the recent Continue reading “AAII Sentiment Results and Interpretation”
Be in the know. 9 key reads for Thursday…
- Fed Prepares to End Balance-Sheet Runoff Later This Year (Wall Street Journal)
- Trump Continues to Weigh EU Auto Tariffs (Wall Street Journal)
- Wall Street, Seeking Big Tax Breaks, Sets Sights on Distressed Main Streets (New York Times)
- Why the $9 Trillion Stock Rally Is Beginning to Look Tired (Bloomberg)
- EU’s Juncker ‘not very optimistic’ on Brexit deal after meeting with UK leader May (CNBC)
- US and China are sketching the outlines of a deal to end the trade war (CNBC)
- BAML: Investors are freaking out about the rising prospect of a global recession (Business Insider)
- A $3-trillion tsunami is about to flood the stock market, warns fund manager (MarketWatch)
- Stock Buybacks Are on Track for Another Record Year (MarketWatch)
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Imminent Accounting Change Rhymes with 2007 – $3 Trillion Impact
In 2007 the Financial Accounting Standards Board (FASB) made an accounting change – referred to as FAS 157. FAS 157—also known as “mark-to-market,” or “fair value accounting” was primarily responsible for Continue reading “Imminent Accounting Change Rhymes with 2007 – $3 Trillion Impact”
Unusual Options Activity
Today some institution/fund purchased 16,500 contracts of June 35 strike calls (or the right to buy 1,650,000 shares of HSBC Holdings plc (HSBC) at $35). The open interest was just 197 prior to this purchase. Continue reading “Unusual Options Activity”