Posted by on October 30, 2014

FED Meeting Over. Mid-Terms Next.

In looking at yesterday’s SPX cash chart, the market’s reaction to the FED meeting announcing as expected the end to QE net purchases, took all of an exciting 15 minutes (highlighted below). Most afternoons on “Fed Day” have been much more thrilling and despite some hawkish language in the statement released, the market actually closed…  Continue Reading
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Posted by on October 29, 2014

The Market

You could have sworn that the FOMC meeting ended yesterday given the spike we saw mid-day. Essentially bulls took control of the market and helped pushed the Russell 2000 (the only major index still in the red for the year) up 3%. With this ‘recovery’ in progress many investors are jumping into investments as we…  Continue Reading
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Posted by on October 28, 2014

TWTR’s Turn

Shortly after Monday’s closing bell, TWTR announced its 4th quarterly earnings report since going public almost 1 year ago. The company’s first 3 reports averaged 17.5% price moves immediately following earnings announcements. Yesterday the ATM straddle closed at $6.60 indicating a smaller move expected this time of only 13.5%. The straddle market is constructed by…  Continue Reading
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Posted by on October 28, 2014

The Market (and The Fed)

We are not getting the fireworks we had the past two weeks thus far this week. However, it does look like we will have a bit of a kick this morning. The pre-market futures price is up 0.32%, opening the door for some gains leading up to the 2-day FOMC meeting concluding Wednesday at 2PM…  Continue Reading
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Posted by on October 27, 2014

Brazil run-off election results are in!

Brazil’s incumbent president Dilma Rousseff has triumphed in the country’s closest election in a generation. By Sunday night, the president from the center-left Workers’ party, the PT, had 51.64 per cent of the valid votes compared with 48.36 per cent for her rival Aécio Neves of the pro-business party, PSDB, with 99.98 per cent counted,…  Continue Reading
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