Looking at the carnage today, the one aspect of the trade that stood out was the lack of damage to the two emerging markets ETF’s, VWO and EEM. The VWO fell -0,30% today and the EEM, fell 19 bp’s, far … Continued
While the sell decision is usually one of the more “opaque” and uncertain decisions a portfolio manager can make, (and I can see why some use technical analysis to make that decision for them), the other tough aspect to investing … Continued
While the US market will be reacting to the Financial sector’s earnings reports as well as guidance and commentary from the big bank CEO’s this week, and while US investors still hang on every headline about the China tariff deal … Continued
The two US dollar proxies followed regularly are the UUP and the DXY. The UUP is a tradeable ETF, but it generates a K-1, therefore I stopped buying it for clients. Both the DXY and the UUP have identical … Continued
Frustrating Financials: Financial’s are clients 2nd largest sector weighting behind Technology for the last several years. The aboce chart shows the XLF vs the SPY from Jan 1 ’18. Certainly the flat to inverted yield curve isn’t helping. … Continued
The SP 500 closed within one point of September, 2018 all-time last Friday. You’d have to think “everyone” is watching what happens this week. I wouldn’t be surprised to see a pullback here since the SP 500 usually takes a … Continued
Good chart from Gary Morrow at “This Week on Wall Street”. On Invesco’s website it’s noted that the top three foreign currency forwards for the UUP are: Euro: 58% Yen: 14% Pound: 12% So as the euro / dollar … Continued
Factset published an excellent post this afternoon on the US dollar’s impact on SP 500 earnings and revenue: It is clear that US companies with more than 50% of their revenue outside the US, are generating just half the … Continued
The above chart is a weekly UUP chart, named as a “dollar bull” vehicle, for which the primary contract holdings are found in the link. Tied primarily to the euro and the yen, the UUP rallies when these two … Continued
One of the classic scenes from BraveHeart was when Mel Gibson, playing William Wallace, was standing in the field facing down the English cavalry, and holding back his troops, yells, “Hold!…Hold!…Hold!” waiting until the heavy horses and opposition were nearly … Continued