Let’s start with Performances in October across asset classes and sectors. Then (random) charts only. XLU – Utilities Health Care vs S&P 500 Information Technology vs S&P 500 Energy vs S&P 500 I hope it helps, Gregoire
Looking for Good Trades? What about the 2nd Derivative?
The whole concept of the second derivative trade is to benefit from specific news or asset moves that could impact one company’s activity (positively or negatively) and where we think it as not been priced by the market yet. Already we have the (1rst) beauty of the 2nd derivative trade: it will generate long and […]
European Banks: is there any hope here?
Banks Snapshot October 2019
$DB Deutsche bank and $CBK underperformed massively last month vs Italian and Spanish banks. $GLE Societe Generale: another one to monitor. $HSBA HSBC holding well despite noise. $JPM around 1.5x P/B vs range 0.8 to 1.2x. I hope it helps, Gregoire
Day Trading vs Investing?
For Currencies, Bonds, Stocks, even Bitcoin. I already discussed Short-Term Trading in this blog: http://gregoiredupont.com/2019/03/16/short-term-trading-possible-if-realistic/ Over the last 19 years, I have been looking at many strategies and different timeframes. When I did prop trading, most of the strategies were short-term: from literally 1minute to 3 months.When I was working for a hedge fund, the […]
Interest Rates vs Earnings
Instead of writing a long blog on Interest Rates vs Earnings, I will just copy and paste an article from Greg IP (@greg_ip) who worked/works for The Wall Street Journal. He wrote this article 20 years ago, in December 1998, and after reading it you will realize how history rhymes. If you think that Central […]
FED and ECB – Put them in your diary
A quick post on the Federal Reserve Bank (Fed) and European Central Bank (ECB). Eyes are always on Central Bankers’ next moves but that is even more true these days. The recent move on the Federal Funds Rate expectations from September 2018 to June 2019 is in that sense telling you how important you […]
Risk-On vs Risk-Off
South Korea – Semiconductors: What is the Trade?
For those who been away from markets, twitter, noise… you know that every week you have one headline about slowdown, China slowdown, exports collapsing. Nothing really new here but Semiconductors and the way the sector was leading the market until a month ago (end of April 2019) could give us more clarity. This sector turned […]
China, China, China…
I would like to look at the impacts of the tariffs war on the Chinese Yuan, $USDCNY = onshore market $USDCNH = offshore market Let’s start with the background: https://www.youtube.com/watch?v=RbM2F-cfN0A More seriously, this is the timeline for the U.S. – China Trade War: https://www.china-briefing.com/news/the-us-china-trade-war-a-timeline/ With a big start: “May 3-7, 2018: US-China engage in trade […]