Stock picks, trading ideas and portfolio strategies from Wall Street's best traders, investors and pundits.
Here’s my take on the markets today, May 18, 2012. If you’d like to read more of my articles, click here. Credit gauges are mostly deteriorating again today. The 2Y Swap Spread is falling -2.4% to 35.75 bps. The France sovereign cds is down -1.6% to 217.34 bps. The Italian/German 10Y Yld Spread is falling [...]
This week’s featured ETF is the iShares Nasdaq Biotechnology (IBB). The ETF tracks the NASDAQ Biotechnology index. The top holdings include Alexion Pharmaceuticals and Amgen. Here is a complete list of the top holdings. The top ten holdings make up about 50% of the fund, so the concentration is not too bad. The trailing P/E multiple [...]
It just doesn’t matter !!! It just doesn’t matter that US economic data continues to improve It just doesn’t matter that housing in the US and related mortgage data is on the upswing It just doesn’t matter that earnings continue to better Wall Street consensus estimates It just doesn’t matter that Apple is about to [...]
Here’s my take on the markets today, May 16, 2012. If you’d like to read more of my articles, click here. Credit gauges are mostly deteriorating again today. The 2Y Swap Spread is falling -3.7% to 36.7 bps. The Spain sovereign cds is down -1.7% to 537.22 bps. The Italian/German 10Y Yld Spread is falling [...]
With half of the month of May in the books, the S&P 500 (SPX) is lower by 4.81% for the month and has declined 6.45% from its recent high. So, despite all of the seeming panic out there, this is just a garden variety pullback. The markets were cruising along yesterday until the last hour [...]
We had another ugly session yesterday with Greece and Europe once again being the locus of the problem. Greece continues to falter politically and economically as the country is unable to form a coalition government. There are a series of games of chicken being played in Europe. One is the ECB versus Greece. The other [...]
Here’s my take on the markets today, May 14, 2012. If you’d like to read more of my articles, click here. Credit gauges are deteriorating significantly today. The 2Y Swap Spread is surging +13.4% to 38.56 bps(+27.3% in 5 days). The FRA-OIS Spread is jumping +12.7% to 48.75 bps(+32.6% in 5 days). The 3M EUR/USD [...]
The dysfunctional Greek political process played out over the weekend and failed to form a coalition government. While they still have a few days to do so, the inability to act like responsible adults over the weekend caused an implosion of the Greek stock market and dragged most European markets down by 2 to 3%. [...]
Here’s my take on the markets today, May 11, 2012. If you’d like to read more of my articles, click here. Credit gauges are mostly deteriorating again today. The 3M Euribor-OIS Spread is falling -1.1% to 37.7 bps. The Portugal sovereign cds is falling -1.6% to 1,074.66 bps. However, the 2Y Swap Spread is rising [...]
Here’s my take on the markets today, May 9, 2012. If you’d like to read more of my articles, click here. Credit gauges are deteriorating meaningfully today. The FRA-OIS Spread is surging +10.0% to 42.82 bps. The 2Y Swap Spread is rising +7.6% to 33.4 bps. The TED Spread is rising +1.6% to 38.0 bps. [...]
