Tag Archives: #GE

A lesson from corporate bond space while 30-year US Trys rate is hitting the 4-year high

Mr Hawk/ November 2, 2018/ Story Of The Week, Weekly Notes Posts/ 0 comments

The US 30-year Trys rate touching 3.41% means printing a 4-yr high or a new high for the cycle. Lesson – historically if rates go up volatility goes up as well, thus creating a messy outlook for stocks, bonds and other asset clasees. But we still miss a significant move in bond markets despite recent correction in stocks or risk-on

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Mar 8, 2018 – Market Update (ECB bit hawkish, tomorrow’s US NFPs’ earnings bit weaker can push EURUSD above 1.2500; EURUSD weekly – a funny joke 1998-2000; Fed- 5 hikes in 2018?; S&P 500 still a bit rich but reasonably attractive; USD and US deficit correlating as before dot.com bubble; USD decline impacting reserve currency status; Aramco IPO going against OPEC?)

Mr Price Action/ March 8, 2018/ Market Update, Market Update Posts/ 0 comments

  Short recap Asia in green after strong US session yesterday On Trump softer on tariffs – but do not get mislead by risk on mood Europe opening flat to higher   ECB today likely to confirm a gradual shift But still not major change in wording Draghi to talk down any hawkish views despite strong EZ economy   Fed 4 hikes warranted, eventually

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Jan 25, 2018 – Market Update (Trump up, Mnuchin down but market is concerned about who will buy US debt; ECB – just up is a problem but Draghi likely not to say anything again); EURUSD set to check 1.2500; Weaker USD good for equities; Gold – make or brake the 1380, then 1484…?; BofA with most blockchain patents; Qualcomm fined USD 1.2 bln by EU; Mexican drug cartels stealing fuel)

Mr Price Action/ January 25, 2018/ Market Update, Market Update Posts/ 0 comments

  Short recap Asia mixed to lower Europe opening lower Trump a year ago – USD strength means confidence in US and his presidency Mnuchin yesterday – USD weakness good for US economy …and market took it as a future direction of US policy In other words the US trade war has begun and weak USD is part of it Market is concerned about widening current

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Jan 18, 2018 – Market Update (Apple with USD 38 bln tax bill, bringing home USD 250 bln; Renault-Nissan a king over Volkswagen; Goldman Sachs dropping bond trading?; GE still on short side; Junk bonds spreads at record lows, China/Japan getting rid of Trys – nothing new; USDRUB floor between 55.70-56.00; Brent having hard time to stay above USD 70 mark; Biggest Bitcoin mines in China)

Mr Price Action/ January 18, 2018/ Market Update, Market Update Posts/ 0 comments

  Short recap Asia hitting record levels Europe opening higher on bullish sentiment from US and Asia China growing too fast with respect to economic and pollution standards Trump fighting back China with intellectual property breaches (likely getting ready for Davos) Loud calls for EZ reform with new fiscal rules (GE) and joint safe assets (FR)   Equities Cyber security start-ups having hard time

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Nov 15, 2017 – Story of the Week: Comparing old and new economy…General Electric and Tesla

Mr Price Action/ November 15, 2017/ Charts, Story Of The Week, Weekly Notes Posts/ 0 comments

  As there are lots of questions about what’s next in equity space let’s compare stocks from old and new economy – GE and Tesla:   General Electric – a time to buy after almost 50% decline from 2016 peak and recent fall?   Still on the weak side as investors digest the overhaul plans with question marks about the success Aligning

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Nov 9, 2017 – Market Update (Brexit saga continues – EU giving UK 2-3 weeks to come up with something, GE signing deals (USD 3.5 bln) in China Marks & Spencer speeding up stores closures on weak sales, 10-yr Trys yield key levels 2.27% & 2.50% to show DXY direction, EURUSD cluelessly waiting for US yields and stocks, Offshore investor flows into Japanese stocks continue)

Mr Price Action/ November 9, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia up Europe opening higher US tax reform in place likely in 2019 on respecting proper budget rules TPP – 11 countries at the table and discussing UAE investigating financial transactions/assets of 19 Saudis at its banks Brexit saga – EU giving UK 2-3 weeks to bring the bill otherwise not able to prepare for Dec

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Oct 20, 2017 – Market Update (US Senate moving on budget, US jobless claims hitting multidecade low – positive on spending/GDP/inflation/USD, Catalonian bank run, S&P 500 tested the support around 2544/40, Earnings to set the tone for today’s trading, Schlumberger results important for correction in energy stocks)

Mr Price Action/ October 20, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia up after some hesitation at the beginning Europe opening higher US Senate moving on 2018 budget, next step towards tax reform US jobless claims hitting multidecade low what means more people working, more money for spending As consumption is 60% of US GDP, we can see in the future higher GDP growth pressuring up inflation Merkel positive on Brexit

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July 7, 2017 – Market Update (Good NFPs may trigger collapse in bonds/stocks, EZ stocks under pressure from higher yields/EUR, BoJ buying and buying, ECB not respecting allocation key, thus pushing core yields/EUR higher, EUR – make it through 1.1500 or ? Berkhsire to buy Oncor, Celgene/BeiGene to cooperate)

Mr Price Action/ July 7, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia in red Europe opening lower Flash crash in Silver Trump to meet with Putin Very good US NFPs numbers may trigger collapse in bonds and stocks As the risk of rising rates further will all implications will be higher ECB Minutes with some tightening of financial conditions Central Banks’ Reversals Signal the End of One Era and the Beginning

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June 26, 2017 – Market Update (Low yields to pressure US banks, Italian tax payers taking EUR 17 bln bill, FX options – implied vols making lows, VIX at 10, Fed to keep hiking, EUR longs trimmed)

Mr Price Action/ June 26, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia up Europe opening higher Trump ok to cooperate with Senate on healthcare bill Mester/Williams to keep hiking Goldman Sachs sees 25% probability of a recession in US over the next 2 years BIS was out with very positive annual report saying global growth to reach long-term average levels Sees high risk of still growing debt

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June 13, 2017 – Market Update

Mr Price Action/ June 13, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia up Europe opening higher EU not happy with lack of clarity on UK side Working on moving trading and clearing of EUR denominated assets out of UK Basics of financial reform in US unveiled   Equities   US techs heavy yesterday but got some bids at the end of session Is a 4% correction enough?

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