13 Jan 2020

Investor Optimism Giddy Going Into 4Q19 Earnings Season

by | posted in: Credit, Derivatives, Economy, Equities, Technicals | 0

Elevated multiples have not bothered equity bulls.  In recent months, the Fed too has come to their aid.  Investor optimism is dangerously elevated going into the 4Q19 earnings season. The 4Q19 earnings season kicks off this week.  Banks and brokers … Continued

2 Dec 2019

Small-Cap Bulls Hope Last Week’s Breakout Precedes Stability In Both Macro And Earnings

by | posted in: Derivatives, Economy, Equities, Technicals | 0

Small-caps broke out last week.  This comes amidst earnings deceleration and softening in several macro data.  If things turn up as they did in early 2016, bulls would have been vindicated.  Their conviction level will be put to test by … Continued