Entering Thursday, U.S. equity Futures are flat to slightly higher as bond yields pull back from yesterday’s headlines in price. After the 10-yr U.S. Treasury touched 2.59% it has pulled back to 2.53% in early morning trade. As the Asian markets traded overnight, headlines surrounding China’s “U.S. bond policy” came into focus. China’s regulators pushed…
That was much to do about nothing now wasn’t it. Well, the major averages did finish lower, which is a bit of a new occurrence in the New Year. And after a bump in volatility at the opening of the trading day, the VIX managed to finish below 10 once again in 2018. The S&P…
The S&P 500 Dow industrials and Nasdaq Composite closed at records Tuesday. The S&P 500 and Nasdaq have closed at records every trading session of 2018. Thus far, the strength in the U.S. has found global equities on the rise. At these global equity levels bearish bets on the market are on the rise…akin to what…
Momma said there’ll be day’s like this, there’ll be days like this…well you get the picture. The VIX pushed up against and just beyond 10 today or roughly 5% higher. This with the major averages largely higher. It wasn’t until the final trading hour that VIX M1 and M2 Futures started to catch some serious…
Today, as part of the Golden Capital Portfolio holdings update, I will be adjusting capital exposure minimally with iPath S&P 500 VIX Short-Term Futures ETN (VXX) and/or ProShares VIX Short-Term Futures ETF (VIXY). Given the scarcity of shares to borrow in UVXY presently and likely until shares undergo a reverse split later this month or thereafter, VXX…...
Aggregate Estimates and Revisions by David Aurelio Fourth quarter earnings are expected to increase 11.9% from Q3 2016. Excluding the Energy sector, the earnings growth estimate declines to 9.4%. Of the 500 companies in the S&P 500 that have reported earnings to date for Q4 2017, 78.9% have reported earnings above analyst expectations. This is above…...
A slight pause in the U.S. markets yesterday may find the major averages resuming their upward trend near term and as overseas markets continue to rally. A good many headlines continue to excite and build on investor sentiment in the U.S., but let’s quickly take a reading of overseas markets before digging into some corporate…
Entering this week, the major averages remain at all-time record levels. The CES began this weekend in Las Vegas. I’ve been to the show many a time over the years. There are generally 3-4 venues housing different categories of technology be them household, mobile, gaming, healthcare devices or automotive. It’s a pretty fascinating show packed…
It is hard to find a “talking head” in the media that isn’t able to justify the persistent rally in the major indexes and more recently the Dow Industrial Average crossing 25,000. In short, they are always able to offer that the end is justified by the means. With the end being Dow 25,295 as…
There is nothing wrong with unbridled enthusiasm when it’s correlated to the appropriate level of rationale. That’s the premise of the equity markets it would seem over the last several months and as equity prices have elevated into, what some may describe as, bubble territory. No argument can be made suggesting that the rapidity for…...
