In a recent post (https://ftalphaville.ft.com/2019/11/13/1573644284000/A-quick-look-at-US-buybacks/) FT Alphaville discussed buybacks. With 2020 in sight and the U.S. Presidential Campaign, we will read more and more similar headlines. If you add debates around how real wages have increased (or not) over the last 10 years or the different social widening gaps, you can be certain that you […]
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The 2nd Derivative – A Follow up: HSBC example.
Let’s start with the Europe Stoxx 600 Banks Chart in 2019: Now HSBC in eur in 2019: And HSBC in GBP: About to retest a big support. Now what about HSBC exposure by regions: Hong Kong 19.90% United Kingdom 12% Asia 13.50% United States 5.10% Latin America 3.50% Middle East and North […]
October Snapshot and random charts
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 […]