Some things never change. That’s why they call them permabears! Jeffrey Gundlach was available and ready to declare, yet again, his bear market call and characterization of the market. It’s an annual ritual for Gundlach, the CEO of Double Line Capital. “The stock market was and still is in a bear market. Stocks could…
If you thought Monday was ugly for global equities, it didn’t get any better on Tuesday. U.S. equity indexes fell sharply, again, on Tuesday with the Dow Jones Industrial Average (DJIA) leading the way lower by 2.2 percent. The Dow was down more than 630 points intraday at its lows. The Nasdaq (NDX) fell 1.7%…
And when the markets head lower, the rhetoric surrounding Turkey’s debt and lira exacerbate. That pretty much sums up yesterday’s global equity market trading and media focus with most markets sharply lower, including U.S. indices. The reality surrounding Turkey’s current debt and currency woes is nothing new and seen many a time before. The debt…
Investor Sentiment This year has been a year unlike more recent and years whereby the markets trended steadily higher and were somewhat predictable. No, 2018 has been found with lesser investor confidence and enthusiasm post the January period where the tax cuts/fiscal stimulus was otherwise priced into the market. A recent read on institutional-investor confidence…...
By Stuart Barton, CFA Following the events of Feb. 5th, several volatility-linked products have been delisted or deleveraged. We thought now was a good time to take a step back and survey the volatility landscape as it exists today. If you’d like to read a brief summary of the causes of Feb. 5th I recommend…...
While equity markets around the globe hit the pause button ahead of an onslaught of central bank announcements and press conferences, the beat must go on. In yesterday’s trading action, the Dow finished basically flat with the S&P 500 up .17% to 2,786. The tech-heavy Nasdaq was the outperformer once again, finishing higher by .57…
The Grand Market Sell-Off: Is that what we’ll be calling the pullback in the indexes in the coming weeks? Most obviously it remains to be seen, but one thing is for sure…this pullback was well overdue. The Dow Jones Industrial Average fell nearly 700 points on Friday to cap an ugly week and after a…...
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…...
