Dollar index is a bad gauge of dollar strength because the euro makes up 57.6% of the basket, while the euro is down huge vs the dollar today, its...
SPX back to the trading range established between March and August, I think this will make another run for fresh all time highs.
VRX halted.
This will likely go under $50, question is if there will be a short squeeze before that happens.
VRX decimated today. :eek:
http://www.valuewalk.com/2015/10/valeant-pharmaceuticals-vrx-citron/ Enron part deux.
Like I said a weak dollar is positive for risk assets. Look at the way everything has moved up in the past 2 weeks, EM debt/equities/currencies,...
God no the yield curve isn't steepening, its flattening. The spread between 2s and 10s is currently 145bps, thats way down from the 265bps high in...
Crazy action on NFLX.
I don't think Germany and Japan can do much to cheapen their currencies since yields in these countries are already at rock bottom, the yield...
Dollar getting trashed. I'm a bear but its hard to see this thing crashing if the dollar keeps moving lower, earnings are bound to improve...
Weak dollar propping up this thing again. So predictable...
Rig count coming up at 1pm est, might give energy another lift if CL spikes again.
SPX topped at 2020.07 today, compared to the intraday peak of 2020.86 on FOMC day. I'm astonished at how technical this market is sometimes,...
Next supply area is SPX 2045 if they bust thru 2021. Would definitely start shorting if we get there.
Dollar sinking like a rock again, AUD up another whopping 1% vs the dollar today.
The yellen put is 1000x better than the greenspan put. All it takes is a 10% selloff on the S&P to trigger a reaction.
XLE up 15% in 10 days...
EM currencies like the Brazilian real have bounced hard in the last 2 weeks, commodities have to move up because they are priced in dollars.
I may not agree with the way S2k trades but I think he is right about the market and the fed, anyone who thinks the SPX is at 2k today on its own...
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