Yield Curve Inversion gaining across the board
30s @ 2.78% (-3.5bps)
10s @ 2.35% (-3.9bps)
5s @ 2.148% (-4.1 bps)
2s @ 2.19% (-4.1 bps)
1s @ 2.36% (unch)
3mo @ 2.38% (unch)
Fundamentals < Price
“At $2.4 billion, the amount of buybacks jumped 23% from a year earlier, making the week the eighth-busiest since the firm began tracking the data in 2008.”
Q2 EPS is coming...
Can’t help but look at Insurers and think, “Well isn’t that a gift ‘Buy the Rumor, Sell the News’ setup”?! $KIE $TRV etc
Chances that Fed will enact an 'insurance' interest-rate cut rising
@M_McDonough @Schuldensuehner @DiMartinoBooth
#MMT #Recession #Centralbanks 4
Aaaaand I’m bullish. 🔜
You'll be hard pressed to find a stock that has been more consistently negative on earnings than L Brands $LB in recent years. Prior to today, the stock had gapped down on 15 of its last 17 earnings reports. Had gapped down 3%+ on its last 8.
@MarginCall4 US is major but global trade divergence is leading, foretelling a price correction wherein 08 it was the other way around.
Fundamentals < Price has been my theme for 2019. The “Fed put” + ROW neg yields make us Best in Show but USD advance + Trump’s Trade War disqualify US now.
Omg I just saw this JULY 2018 tweet 😳
$SPY was $283 - I predicted $SPX to $2300 same year.
It happened slowly - then all at once. Damn I’m good! 😂🏄🏻♀️🌊
My thesis in Trading Room/Here: $SPY to $283 by July 20/ options expiry, then inverse H&S in $VIX moves it higher so $SPX short likely to $2300 by Fall. $TLT $GLD $USDJPY https://t.co/hDeYmdPBBD