Weekly Roundup: A Hot Start to August as Portfolio Catches a Wave
We added three new holdings this week, diversifying our lineup, and locked in massive gains across three others.
Bearish Bets: Three Big Stocks, Three Big Falls
Let’s check out how a popular retailer, major heating and air conditioning play and a large lender are all falling quickly.
People Think Market Breadth Is So Good. Why Are the Breadth Indicators So Bad?
Rather than rely on anecdotal evidence, let’s take a look at what matters, the indicators.
The Less Obvious Observation
There were two important observations regarding sector movements on Wednesday, including the obviously large-sized drop in memory and chip stocks (We are short many of these in our High-Beta Tech Short Basket).
But less obvious (apologies to The Princess Bride’s Vizzini) was the drop in Walmart’s ($WMT) share price:
Walmart Inc. (WMT)
108.82-4.44 (-3.92%)
At close: July 1 at 4:00:01 PM EDT
109.52+0.70(+0.64%)
The consumer is spent up, not pent up.
Position: Short High-Beta Tech Basket
The Consumer is Spent Up Not Pent Up
Walmart’s ($WMT) shares have dropped from $135 to $113 since mid-May.
Costco’s ($COST) shares have fallen from $1095 to $940.
Positions: none.
Here’s Why the U.S. Dollar Index Just Reached a One-Year High
Warsh’s battle for price stability and against the Fed’s balance sheet are creating a reaction in currency markets.
Rocky Start to Iran Deal, Charting LESS Volatility, Bracing for Price Data
Let’s check the latest on the Iran deal after a bumpy weekend; also, how the bears, bulls and … Sarge sees the chart of the S&P.
U.S. Should Follow ECB Rate Decision After Growth Warning
Outdated models are underestimating growth, and strong growth will continue to push inflation higher.
200+ Nasdaq Stocks Say This Market Isn’t So Great
Between new lows and an increase in downside volume it’s safe to say selling picked up quite a bit Wednesday.