On average, the gain in OEF is 0.9% in the week after a CPI release, significantly better than the average one-week gain of 0.5%.
FX Update: Scorching US June CPI print puts Powell in the hot seat.
The US June CPI report came in far hotter than expected at both the core and headline, setting a new high bar for the cycle. While some will point to the especially large contribution from the used cars and trucks category to the higher than expected reading, a number of...
Podcast: US banking giants set to report. August as a pivotal month.
Today features special guest, Saxo Chief Investment Officer Steen Jakobsen, as we look at the lay of the land in equity themes and notable divergences there, look at upcoming earnings reports from the major US banks this week, talk central bank sending diverging signals, particularly the ECB, and how one...
Update from our CEO
With the global pandemic and recovery efforts as the backdrop, the first six months of 2021 saw unprecedented market moves. Equity markets reached new all-time highs, while cryptocurrencies and speculative stocks stole the show. Now it is time to take stock, as we have been dedicating our efforts to inspire,...
Market Quick Take – July 13 2021
US equities rose broadly to new record highs, while Asia also posted a reasonably positive session overnight as earnings season is set to kick off in earnest today. The first names of note reporting the major US banks and financial services companies. Elsewhere, US treasury yields edged higher ahead of...
Unusual Options Activity: Smart Money Spreads And Three Big Bets
While I tend to screen for large option orders on specific stocks, last week I also noticed a lot of smart options activity taking place.
FX Update: Narrative flip or noise?
Many view the data and the action last week as a sign that the narrative is shifting to one in which investors are second guessing the reflation narrative and whether the growth peak is in the rearview mirror. The more mundane explanation could be that we are merely seeing a...
Podcast: Lousy market breadth as earnings season gets underway
Today we look at the strong Friday close in the US, but note that breadth in the US market is remarkably weak. Also, a look at the weakening of conviction on the reflation trade, whether the JPY is set to take the lead in the FX market from the US...
Macro Dragon Reflections: Divergence in China Tech Names, WB +47% YTD vs. range of -6% to -18% to -27% on Tencent, JD.Com & DiDi
Latest Macro Dragon Reflections, checks in on the divergence in the China Tech space that seems to be getting headwinds from all parts of the globe. It highlights the short squeeze an incredible sector outperformance on Weibo $60.03, +47% YTD, in some case that relative outperformance being as high as...
EURCAD facing bullish pressure | 12th July 2021
EURCAD is facing bullish pressure as Stochastics is bouncing from support where price has reacted off of before in the past. We could see a bounce at Buy Entry, in line with 50% Fibonacci retracement , 161.8% Fibonacci extension and horizontal pullback support, and further upside towards Take Profit, in...