Since 1985, when this has happens, stocks ALWAYS rise: Tom Lee by Alex Rosenberg Stocks have had a nice few months, but a sign from the bond market suggests that the market's gains are set to accelerate, according to strategist Tom Lee of Fundstrat Global Advisors. "Credit has made a big enough move, and it's telling us that over the...
Stocks are doing something they haven’t done in 20 years by Alex Rosenberg It's been a quiet few months for stocks. Actually, in a way, it's been a quiet couple years: The S&P 500 (SPX) (SPY) hasn't fallen below 1,810 or risen above 2,135 since February 2014. Still, the lack of activity in recent days has been noticeable. It is worth noting, for instance,...
Whether Trump or Clinton, Anxiety Creeps Into U.S. Stock Outlook by Joseph Ciolli Implied S&P 500 options prices increase in July and October Another explanation for the peaks is the Federal Reserve Slowly but surely, U.S. presidential politics are starting to influence the price investors pay to protect their equity holdings from sudden shocks. The best illustration of this may...
Fund Managers' Current Asset Allocation – May by The Fat Pitch Summary: At the panic low in equities in February 2016, fund managers' cash was at the highest level since 2001, higher than at any time during the 2008-09 bear market. Since 2009, allocations had only been lower in mid-2011 and mid-2012, periods which were notable lows for equity prices during...
Goldman Sachs’ Recommended Reading List – Written About, By or For Money Managers and Traders by Jacob Wolinksy Goldman Sachs put together a list of the best books and it is impressive and long – unfortunately it is hard to sift through since it just has the title and the author without any information on the book so we are helping you...
Longtime oil bear waves the white flag, says it’s time to buy energy by Annie Pei Oil (USO) has hit its highest level since last October, and the comeback is finally getting some traders excited about energy stocks (XLE) (OIH) (XOP). "This is the first time for our work that we have actually upgraded the energy sector from an underweight to a...
The Irresistible Force That Dominates Currency Markets Is Back by Lukanyo Mnyanda Emerging-market currencies most tied to stocks since 2013 The global currency market is no longer its own master. Rather than being led by economic data or monetary policy, emerging-market exchange rates are the most closely tied to moves in stocks and commodities since at least 2013. When they fall,...
Hedge Funds Shuffle IT Holdings in Q1 by Andrew Birstingl The 50 largest hedge funds decreased their equity exposure by 6.9% in Q1 2016. This marks the second consecutive quarter in which equity exposure declined. All 10 GICS sectors experienced aggregate sales, with the Information Technology (XLK), Energy (XLE), and Consumer Discretionary (XLY) groups leading the selloff. The defensive sectors, such...
George Soros bet big on gold — Is George Soros bracing for a storm? by Matt Egan During the first quarter the legendary investor purchased $264 million worth of shares of Barrick Gold (ABX), the world's largest gold miner. Soros, known as the "man who broke the Bank of England," also acquired 1.1 million options to buy the popular SPDR Gold ETF (GLD), which mirrors...
Goldman Sachs gets bearish on stocks all around the world by John Shmuel Goldman Sachs became the latest investment bank to turn bearish on stocks Wednesday, downgrading global equities to neutral. Analysts led by Christian Mueller-Glissmann said in a note to clients that investors should stick to being overweight cash in their portfolios for the next three months, while also considering...
