[stock-ticker]
Global Equities Resume Downward Spiral

Global Equity Index descriptive model of the top economies has signaled a continuation on a downward trajectory. The bear flag was stimulated by central banks in an attempt to curb the risk off flight in 1Q16. As of 900 minutes ago, risk off has re-entered and a continuation of the downward spiral is evident. Central Banks are rumored to have formed the Shanghi Accord which is to arrest the appreciation of the USD. Screen Shot 2016-04-05 at 7.16.12 AM

Read More
We’re in the SweetSpot of PBOC OMO CNYUSD

We’re in the SweetSpot of PBOC OMO CNYUSD as forecasted by Alhambra. USD has caught a bid in the in the 94.5s through the first week of April. 

Screen Shot 2016-04-05 at 6.37.16 AM

Read More
FANGs: BEAR FLAG

FANGs: BEAR FLAG 

Tech valuations in concern via the use of Non-GAAP methods. Narrative of lower USD has been debunked for tech revenue woes. Overvalued in a bear flag we expect a break in the intermediate near term. Screen Shot 2016-04-05 at 7.00.31 AM

Read More
Morning Note Apr 5, 16

Education

Morning Note

Tues April 5, 2016

8:30 ET                  S&P Futures -82bps

8:30 ET                  Nikkei -340bps

Global Markets have resumed a downward trajectory now in the 900th minute. Rumored in Feb’16, the Shanghai Accord was a collusion of central banks plotting to arrest the USD appreciation. Such action spurred global short cover rallies in equity indexes and commodities. The rallies were based on limited fundamentals, which provides traders with excellent opportunities for mean reversions. In particular, we’ve been vocal on WTI mean reversion (review oil note). Overnight, the Global Equity index continues a downward spiral post bear flag break. EU and Asian Indexes are all experiencing risk off. USDJPY touches a new multi year lows, and the USD is catching a bid in 94.50s. USD appreciation could re-enter the limelight enabling excellent opportunities in EURUSD short, EM short, or equity Index short.

Read More
No More QE. Wishing Well Dry

No More QE. Wishing Well Dry. Back to fundamentals.

 

Screen Shot 2016-04-04 at 12.50.01 PM

Shocker..

Screen Shot 2016-04-04 at 12.46.23 PM

Read More
Morning Note Apr 4, 2016

Education

Morning Note:

Mon, Apr, 4 16

8:30 ET                        Update: [Stock Board Asset] S&P Futures flat

8:30 ET                        Update:  [Stock Board Asset] Nikkei flat

 

Global equities are relatively quiet in the overnight session as China, HK, and Taiwan are on holiday session. USDJPY and JPN225 remained range bound throughout the session. Last week risk assets in Japan were slaughtered due to Tankan data showed renewed pressure on domestic firms. Even though China is on Holiday session, their exporting of problems washed up on UK Shores sending TATA Steel into panic mode. S&P warned cabal of upcoming BREXIT woes, but the risk warnings were ignore by bulls. We continue to monitor EU banks as the stress on equity continues. Global equities continued a downtrend after a month of levitation by central banks. A young unseasoned price of Suadi Arbia triggered stress in WTI and equities due to comments. Meeting of the Systemic Risk Council concluded last week to be the next new kid on the block issuing global growth warnings. FRED’s latest data on imports of 15 countries of large economic output shows crashing imports, and when aligned with global shipping indexes—you get the picture of gloom. Panama Papers were released over the weekend showing top world leaders sheltering assets via shells.

Read More
Top Down Wealth Effect Showing Cracks?

Reversal of the Wealth Effect is certainly present as the banking industry is expected to take a 1q16 hit. M&A and IPO services have gone dry as of recent. The Top down approach the FED has utilized could be showing serious cracks, as even the ultra wealthy are starting to feel the pressure of a slowing US Economy. One place in particular we’re looking for forward guidance is the economic conditions of Miami-Fort Lauderdale-West Palm Beach, FL Index. Spot the surprising trend. 

2016-04-03_14-42-19

Read More
Earnings Recession with 24 P/E $SPX

2016-04-03_17-27-22

Read More
Questions of the Ordinary American


2016-04-03_16-18-43

Read More
Trump Flanks Establishment in Sweet Spot: Stock Market

Trump Flanks Establishment in Sweet Spot: Stock Market 

2016-04-03_13-39-10

Read More