All posts by Michael Comeau
The Morning Hammer: Those That Know Don’t Tell…
Options > Dividends Find out more at our FREE training event… ******** The pound is rallying after UK PM Theresa May said that Parliament should vote on her Brexit plan. This implies a more deliberate approach to the UK leaving the building, which could soften the Brexit blow a bit. Crude oil popped above $51 […]
Continue Reading -->T3’s Take 3: Poundcake!
Options > Dividend Stocks Click here to learn more… 1) Poundcake Currency volatility skyrocketed today, with the British pound sterling taking center stage. The pound fell another -2% against the US dollar today after UK Monetary Policy Committee member Michael Saunders and Financial Policy Committee member Anil Kashyap said the currency may weaken further due to […]
Continue Reading -->T3’s Take 3: Big Faith in the Fed
Sign Up for This Week’s FREE Training Events: Get a Quant Edge and Crush the Market How to Generate Big Income With Options 1) Big Faith in the Fed Even with Friday’s slightly weaker-than-expected jobs report, the US dollar kept rallying today on rising expectations for a Fed rate hike in December. Fed funds futures […]
Continue Reading -->The Morning Hammer: Post-Debate Happiness
The Mexican peso is up 1.7% this morning, which means Mr. Market thinks Hillary Clinton won last night’s steel cage match US Presidental debate. Meanwhile, the pound sterling is still falling in the wake of Friday’s flash crash. Crude oil is rising after Saudi Arabia’s energy minister said crude could hit $60 by year-end. OPEC […]
Continue Reading -->T3’s Take 3: Traders Yawn Ahead of the Fed
1) Twitter No Go? This morning, Recode.net reported that Google (GOOGL), Apple (AAPL), and Disney (DIS) are not interested in acquiring Twitter (TWTR), sending shares of the social media giant crashing down. This drastically shrinks the list of potential Twitter suitors. Salesforce.com (CRM) had also been named as a potential buyer, though yesterday, CEO Marc […]
Continue Reading -->Weekly Sentiment Report: Traders Are Pretty Darn Neutral
Permabulls always say everyone’s bearish. And permabears always say everyone’s bullish. Neither side ever provides evidence for their views. So I regularly run through a wide variety of sentiment measures to get an accurate reflection of the market’s mood. According to 6 sentiment measures I track, traders appear to be shockingly… neutral. Seriously, when I […]
Continue Reading -->T3’s Take 3: King Dollar Rises Like a Phoenix
1) King Dollar! The US dollar rose again today as the case for an FOMC rate hike continues to strengthen. The ISM Services Composite report came in at 57.1, blowing away the 53.0 consensus. We also saw better-than-expected ADP Employment Change, Markit PMI, Factory Orders, and Durable Goods data. This extends the recent streak of […]
Continue Reading -->T3’s Take 3: Big Dollar, Little Gold
1) Big Dollar, Little Gold The dollar and Treasury yields rose today as Fed officials continue to sing hawkish songs. Yesterday, Cleveland Fed President Mester, who voted for a September rate hike, said the case for a November rate hike will likely be strong. And today, Richmond Fed President Lacker (a non-FOMC voter) said rates […]
Continue Reading -->Panic Hits Gold, and It’s Not Pretty
Yesterday, I talked about the seemingly key $125-ish level on GLD. I wish I had the guts to get in short because this morning, GLD has slammed straight through $125 all the way to $121.86. The ever-volatile gold miners (GDX) and junior miners (GDXJ) are dropping -7.5% and -8.4%, respectively. This has a whiff of […]
Continue Reading -->Is Gold About to Get Cracked?
1) US Economic Data Comeback US economic data continues to firm up following a major drop in momentum since July. In the past week, we’ve seen decent new home sales, Markit Services PMI, durable goods, Chicago PMI, GDP, jobless claims, and ISM Manufacturing numbers. Check out this chart of the Citi US Economic Surprise Index […]
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