equities

Dollar moves broadly higher after risk rally ran out of steam; European stocks slide from 2-month high. Extreme market positioning, technicals and positive macro data enabled unwind of safe haven bets. South Korea’s central banks keeps…

Our macro takeaway from the call is that Europe is rolling over. No normal September bounce from the seasonally slow August. The company also notes what they see as a temporary slowdown in China. Alcoa missed and the stock got hammered…

The elevated volatility levels have made for difficult times for many investors. To simplify the complexity, there is much reference to risk-on and risk-off. We look at the correlations (60-day rolling correlation of the percentage change)…

We have been structurally bearish on equities since Absolute Return Partners was established in 2002. ‘Structurally bearish’ does not imply that we, or our clients, have had no exposure to equities throughout this period. Neither does it…

Just a few moments ago I posted on the fact that the US is officially in bear market territory. On Twitter, I said that “in Fall 2008, 10-year yields went to extreme lows and then the liquidity train went into overdrive. Stocks rallied,…

In early trading today, the S&P 500 has dipped deep into the red, with stocks trading off 2%. The S&P 500 at 1076 is down over 20% since its yearly high as predicted. Next stop for support is 900-950.

Global stocks continue to show heavy losses in Asia and Europe, oil & copper down; G10 mostly mixed. Euro group meeting injects more uncertainty about Greece; EUR/USD “death cross” on daily chart. RBA strikes dovish tone, AUD/USD down…

Marc Faber told CNBC yesterday that he thinks the S&P500 could fall to as low as 1010 by the end of the ongoing sell-off. Faber also believes gold could fall. However, he believes both markets are oversold and is more keen to buy gold…

Now the market must contend with three macro bears: 1) how much and how Asia slows; 2) the Eurozone debt crisis; and 3) the slowing U.S. economy and employment/political problem. Continued volatility and 1101, 1101, 1101 on the…

The negative headlines are here and the tape bomb shows a failure to confirm the recent W-bottom, which has Andy Lees thinking about where the next stop is.