The Euro plunged Thursday morning as Mario Draghi promised more monetary accommodation to come at the European Central Bank’s December meeting. Then on Friday we learned the People’s Bank of China cut interest rates as well as the reserve requirement ratio to boost their flagging economy and falling stock market. Global stock indices rose sharply in the […]
Monthly Archives: October 2015
October
11
Twitter Layoffs Signal End Of Growth Phase?
posted by Chris
It has been a tough couple of years for Twitter. The company IPO’ed at $26 dollars a share, reached a high near $70 and has declined ever since all the way to a low near $20 last month. Shares have risen to $31 last week on a combination positive news that granted much needed relief […]
October
11
Can Wynn Resorts Buck The China Bears?
posted by Chris
The four US traded Macau Casino operators: Wynn Resorts(WYNN), Las Vegas Sands(LVS), MGM Resorts(MGM) and Melco Crown Entertainment(MPEL) have rallied sharply in the last two weeks as shorts were squeezed across a range of China related stocks. Macau casino betting peaked in Spring 2014 and has been sliding ever since. These companies have seen their […]
October
09
Crowded Trades Squeeze Bears
posted by Chris
This week has seen a huge V shaped bounce in the most shorted currencies ,stocks, commodities and corporate bonds. The Energy sector ETF has rallied almost 16% off the lows seen last Friday as US equity markets opened down 1.2% after a disappointing jobs number pushed stocks back near their August lows. A turnaround started […]
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