February 29

Pivotal Week for Dollar Bulls

The US Dollar rallied sharply on Friday after Preliminary Q4 2015 GDP data came in above estimates, showing a result of 1.0% vs 0.4% estimated. This came on the heels of better than expected core durable goods orders reporting a 1.8% actual against a 0.2% projected. Unemployment claims were in line with expectations at 272k. […]

February 16

Zhou and OPEC Whipsaw the Shorts

Peoples Bank of China governor Zhou Xiaochuan followed through on his weekend comments with a sharply higher fix for the Yuan, sending it 1.35% higher on its biggest daily upswing since 2005. Zhou talked up the Yuan over the weekend in his first comments in months saying that there is “no basis for devaluation” and […]

January 17

GoPro Has Massive Upside in VR

It has been astounding to see the fever pitch negativity in the media about a company that is involved in the most promising technology trends of the next decade. Camera drones as well as three dimensional and virtual reality cameras are all currently under development by action camera maker GoPro. The company initially fared well […]

January 16

Steve Wynn Burns The Shorts

Wynn Resorts pre announced Q4 2015 earnings yesterday, 3 weeks earlier than expected. Results were relatively in line with expectations, which surprised investors and sent WYNN up 13% by the close. The stock built up a short interest of nearly 20% in the last few months, sending bearish speculators rushing to cover their positions. Las […]

January 06

China Devalues Again

The People’s Bank of China struck another blow to global markets on Tuesday night, resuming the devaluation of the Yuan after Monday evenings China Caixin manufacturing sentiment report showed the economy is contracting at its fastest rate in 17 months. S&P 500 futures fell 1% immediately after. The devaluation also came after the Shanghai Composite fell by […]

December 13

Red Alert For Junk Bonds

Fear rippled through financial markets last week as the $788mm Focused Credit Fund high yield bond fund managed by Third Avenue raised the gates and barred redemptions until the fund is wound down. Markets responded violently to this move as it seems to have been related to Oil’s 12% decline on the week which officially put US […]

October 25

Central Banks Speed Towards The Wall

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 […]