…but Not a Cent to Beat? With the rather humdrum and lackluster earnings releases so far, investors seem to be wondering: “Earnings earnings everywhere, but not a cent to beat (the estimates)?!”. With Boeing, Caterpillar, and Tesla earnings in the offing, might we be in for some fireworks? With yesterday’s afternoon price action, the S&P (more…)
Earnings Earnings Everywhere… Aided by the earnings momentum, the S&P 500 Index has cleared our often mentioned 2995-3005 range to the upside yesterday. Expect the main tone of the market action to be set and changed by the continuing releases of earnings by major names. Read below for our models’ trading plans for the day. (more…)
Earnings Release Momentum to Drive the Markets this Week With the earnings releases picking up momentum, the markets are going to be driven by the tone of these releases: whether they are going to highlight stellar results or give lame excuses would determine the direction of the momentum in the markets. This, of course, barring (more…)
China’s Slowdown to Stoke Global Recession Fears Afresh? The economic numbers from China are pointing to the realities of the trade war – a slowing China’s economy. But, would a struggling economy in one of our biggest trade partners – and one of the biggest export markets for many of our products – going to (more…)
Another “Interim” Global Deal that May or May Not Stick? Overnight futures markets are cheering the last minute deal struck between the UK and the EU on Brexit, despite serious doubts whether the UK parliament would approve the deal. Initial jobless claims continue the Goldilocks and the Economy story, adding another reason for the markets (more…)
Goldilocks Scenario to Be Tested Soon? This earnings season to test the Goldilocks scenario that the markets have been enjoying for a while. Any resurgence of geopolitical issues could fuel the upset, if/when it comes. This morning’s retail sales, as well as the falling yields could hold some early clues. 2950-2965 is still the (more…)
Earnings Season Kick Off With major banks reporting today, the earnings season is kicking off in earnest, and might provide some fireworks in the near term. For today, the fireworks could be cheering the bulls. This could take over the geopolitical and global economic concerns, at least for a few days. It is worth keeping (more…)
Where’s the Much Touted China Deal, even if Partial?! It is less than even one business day since Trump and his administration touted the (partial) China agreement, and there is already talk of that deal not really materializing yet and Mnuchin already talking of December tariffs if there would be no deal by then! It (more…)
Caution: Curb Your Impulses to Chase the Markets The overnight futures market spike surrounding the hype/hope about a “partial” trade agreement could prove hazardous for impulsive traders who could be itching to chase the markets. Retail positioning and today’s option expiration, coupled with the range of possible outcomes from the trade negotiations could see both (more…)
Chaos the New (Political) Strategy? The conflicting reports with no sense of accountability on anyone, and the resulting chaotic trading in the overnight futures markets, seems to define the order of the new political strategy/desperation. A series of irresponsible steps on the geopolitical front is fast diminishing the credibility of the U.S. on the global (more…)
