Mislav arguing eloquently for why stocks will sail through Q2 earnings….

1) The hurdle rate is down, similar to the dynamics of past quarters. For Q2, S&P500 EPS growth projections have come down from +5% at the start of the year to -2% currently. Eurozone has seen the reduction in 2019 EPS growth projections from +9.2% in January to 3.5%…[Read more]

Unless you get assigned early for whatever reason, depending on your brokerage. Wayne does use spreads in the Trading Room, but it’s not something I’m comfortable using.

On a $100k account $20-$30k at the high end. But the way one goes about acquiring that position reduces the risk. In other words, we don’t go out tomorrow and acquire up to $30k of UVXY/TVIX/VXX. We have to identify what Volatility regime we are in and will possibly be in over the next 6 months. Then we start scalping trades. Short day 200 s…[Read more]

AMZN vs RETAIL
1. Amazon captured the bulk of online spending during the first 24 hours of its Prime Day event

2. online shoppers spent more than 10 times as much money on Amazon in the first day than they did on Walmart and EBay combined, according to e-commerce Edison Trends.

3. Sales in the first 24 hours were up 53% compared to the same…[Read more]

By JPM Market Intelligence team

1) monetary expectations – If the big upcoming decisions (ECB on 7/25 and/or the FOMC on 7/31) were to disappoint, the multiple expansion process could stall (or reverse)

2) earnings – the earnings risks have actually declined a bit in the last few days. Loan growth is one of the best proxies of underlying eco…[Read more]

Walmart CEO: “We have been playing catch-up with e-commerce https://www.marketwatch.com/discover?url=https%3A%2F%2Fwww.marketwatch.com%2Famp%2Fstory%2Fguid%2F4195b730-a7e5-11e9-8659-7d9ae9c78947&link=sfmw_tw#https://www.marketwatch.com/amp/story/guid/4195b730-a7e5-11e9-8659-7d9ae9c78947?mod=dist_amp_social

Morgan Stanley´s strategist Mr Wilson:

1. We remain of the view that the consensus S&P 500 earnings forecasts are still materially too high for both the second half of 2019 and 2020 and that the Fed’s recent signaling of a cut later this month should not be celebrated if it is accompanied by an earnings, and possibly an economic recession in th…[Read more]