Frontrunning: February 12
The Man Who Killed Osama bin Laden... Is Screwed (Esquire)G7 fires currency warning shot, Japan sanguine (Reuters)North Korea Confirms It Conducted 3rd Nuclear Test (NYT)Italian Police Arrest...
View ArticleFrontrunning: February 14
John Kerry just got happier: Berkshire Hathaway, 3G Buying Heinz for $72.50 a Share, or $28 Billion - ~20% premium to last price (CNBC)US Airways, AMR to Merge (WSJ) - can thousands of workers spell...
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Step Aside Apple: Presenting The Hedge Fund World's Newest Most Widely Held...
Quarter after quarter we would recap the hedge fund world's infatuation with one stock and one stock alone: Apple. This inverse-mormon love affair hit its peak in the quarter ended September 30, when a...
View ArticleFrontrunning: February 21
China drains cash to curb liquidity (FT) - no longer just a New Year issue...Hilesnrath speaks (but nobody cares anymore) - Fed Split Over How Long To Keep Cash Spigot Open (WSJ)Chasm opening between...
View ArticleFrontrunning: February 22
Spain’s Deficit Widened to 10.2% on Bank-Rescue Cost (BBG) - or as Rajoy would say, when one excludes all negatives, it was a surplusMonti Austerity Pushes Italians Toward Parliament Upheaval...
View ArticleFrontrunning: February 25
Risk of instability hangs over Italy poll (FT), Protest votes add to uncertainty in close Italy election (Reuters), and... Risk OnCzech inspectors find horsemeat in IKEA meatballs (Reuters)China’s...
View ArticleFrontrunning: February 26
Italy Political Vacuum to Extend for Weeks as Bargaining Begins (BBG)Italian impasse rekindles eurozone jitters (FT)On Spending Cuts, the Focus Shifts to How, Not If (WSJ)Obama spending cuts strategy...
View ArticleFrontrunning: February 27
Wal-Mart's Sales Problem—And America's (WSJ)Investors fret that Italy may undermine ECB backstop (Reuters)Monti Government Mulls Delaying Monte Paschi Bailout (BBG)Norway Faces Liquidity Shock in...
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The Devil In The Details Of The Dow
It looks like the Dow Jones Industrial Average will be the first major U.S. equity benchmark to breach new highs, so ConvergEx's Nick Colas breaks down this closely watched measure of domestic stock...
View ArticleFrontrunning: March 4
Must defend against Chinese colonial expansion and get the Nigerian oil: U. S. Boosts War Role in Africa (WSJ)BOJ nominee Kuroda sets out aggressive policy ideas (Reuters)China becomes world’s top oil...
View ArticleFrontrunning: March 14
Dimon’s ‘Harpooned’ Whale Resurfaces With Senate Findings (BBG)Greece and lenders fall out over firings (FT) - as predicted 48 hours agoDallas Fed Cap Seen Shrinking U.S. Banking Units by Half (BBG) -...
View ArticleFrontrunning: March 21
Euro zone call notes reveal extent of alarm over Cyprus (Reuters)Stagnant Japan Rolls Dice on New Era of Easy Money (WSJ)Cyprus, European data batters shares and euro (Reuters)UK cuts taxes to revive...
View ArticleFrontrunning: March 22
Cyprus targets big depositors in bank plan (FT)Merkel Vents Anger at Cyprus Over Bailout Plan as Deadline Looms (BBG)Russia rebuffs Cyprus, EU awaits bailout "Plan B" (Reuters)Russia Rejects Cyprus...
View ArticleFrontrunning: April 1
Goldman's Mario Draghi convinced Italy president Napolitano not to resign (Reuters)David Stockman Warns of Crash Of Fed-Fueled Bubble Economy (BBG)Cyprian archbishop calls on Central Bank's head,...
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Late to the Stock Market Party
Late to the Stock Market PartyBy David of All About Trends We were not very excited about last week's S&P's breakout to a new high because it took place going into a holiday weekend and with...
View ArticleFrontrunning: April 2
The revolving door continues: Mary Schapiro joins Promontory Financial (WSJ)First Peek at Health-Law Cost (WSJ)Abe warns over Japan inflation target: warns 2% inflation target may not be reached within...
View ArticleFrontrunning: April 3
Cyprus leader invites family firm probe (FT)How the Fed fueled an explosion in subprime auto loans (Reuters)Wal-Mart Customers Complain Bare Shelves Are Widespread (BBG)JC Penney CEO gets no bonus,...
View ArticleFrontrunning: April 8
Finally the MSM catches up to reality: Workers Stuck in Disability Stunt Economic Recovery (WSJ)China opens Aussie dollar direct trading (FT)National Bank and Eurobank Fall as Merger Halted (BBG)Why...
View ArticleFrontrunning: April 18
Apple reportedly stops placing Mac component orders (DigiTimes)Apple Ordered to Remove Obscene Content From China Store (BBG)Texas Ammonia-Plant Blast Kills as Many as 15 People (Reuters)Boston Probe...
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S&P Breaks Key Trendline For First Time In 2013 As Tech Earnings Disappoint
Despite the ubiquitous last-hour rampalooza, the S&P 500 was unable to close back above its 50-day moving average. This is the first close below this key price level in 2013 as high-beta Tech...
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