2011

While the tightening of global financial conditions is likely in part a trigger for the recent unwind of positioning, the de-leveraging of this extended positioning in equities, commodities and currencies, therefore, is the likely the cause…

Within the context of our Macro-Global Discretionary Managed Accounts Trading Program, we are bearish on European stock markets, and are becoming increasingly interested in the bearish side of the US equity market. We are bearish on bond…

I was on Headline, BNN’s midday show on financial news, talking to presenter Paul Waldie and fellow guest Jacquie McNish this past Wednesday. The big news then was LinkedIn (LNKD). The first guest, Bill Buhr of Morningstar, spoke to the…

You should notice that the title of this post is “make accounting gains” instead of “earned” because it is not clear at all that US banks earned $29 billion. After all, the FDIC has indicated that these accounting gains are driven by lower…

Yesterday, I had the pleasure of talking on CNBC along with Marc Chandler of Brown Brothers Harriman about the European sovereign debt crisis. I also wrote a piece in the New York Times about the same issue, concentrated on Greece. While…

This is what I’m listening to tonight. Enjoy. P.S. – I was on CNBC with Marc Chandler of Brown Brothers Harriman and wrote a piece in the New York Times this afternoon on the European sovereign debt crisis. I will have more on this and the…

It was a novel idea back in the mid-1970s, when The Six Million Dollar Man hit the airwaves. Austin, a man badly damaged in an accident, was reconstructed by substituting more efficient bionic implants for some of his human parts.…

Looking through the latest round of EU GDP data, one thing is becoming increasingly obvious: when it comes to future monetary policy decisions at the ECB, and to exactly how many more interest rate hikes we are going to see, then the…

When the pejorative acronym PIGS was first created, it was supposed to be a moniker for the southern European states (Portugal, Italy, Greece and Spain). However, Italy has done much better than housing-crisis stricken Ireland and so…

This note from Andy Lee shows a potentially bearish trend developing in the US stock market, with the S&P500 breaking down below it’s long-term trendline since the Federal Reserve started its second campaign of quantitative easing.