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Seth Golden posted an update 5 years, 1 month ago
Buybacks:
* Microsoft ($40b)
* Target ($5b)
* Darden ($500m) -
Seth Golden posted an update 5 years, 1 month ago
A member of #China’s negotiating trade team will visit #US farmers in Nebraska and Montana next week, reported SCMP citing a source.
The senior official is from China’s Ministry of Agriculture, but the report didn’t name the official. -
Seth Golden posted an update 5 years, 1 month ago
GOLDMAN: “We do not believe that this widening in repurchase spreads is a precursor to a period of financial market stress – it appears to be driven by technical factors, rather than diminishing investor confidence in the market, as we saw in 2008 ..”
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Seth Golden posted an update 5 years, 1 month ago
If the first two cuts in a new cycle are 25 basis points, stocks historically have done quite well. Last 5 cycles saw S&P 500 up 9.7% six months later and 16.7% a year later.
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Seth Golden posted an update 5 years, 1 month ago
only 10% of $VIX closes since 1990 have been between 18-20. The VIX isn’t mean reverting (~19.7) but rather mode reverting (~12.4). Big VIX spikes drag the mean up but the majority of the time the VIX is well below 15. -
Seth Golden posted an update 5 years, 1 month ago
today I thought I would simply show how SPY has performed between the time of the announcement and the NYSE close on Fed Days since Mr. Powell took over. -
Seth Golden and Danny Miller are now friends 5 years, 1 month ago
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Seth Golden posted an update 5 years, 1 month ago
Brexit Update from JPM
JPM: As the threat of an October no-deal Brexit fades, a January no-deal event is a rising risk. Parliament passed a law forcing PM Johnson to request an extension by October 19 if no deal can be reached with the EU, and talks between the two sides show little progress. It looks likely that Johnson will either have to renege…[Read more] -
Seth Golden posted an update 5 years, 1 month ago
Goldman Sachs:
1. GS estimates CTA/trend length is moderately net long again (~$75bn global eq), and expect some moderate near-term buying to continue in the baseline and most mkt scenarios to re-establish more long positions.2. For the systematic macro community, more trend signals continued to turn positive last week – especially at the…[Read more]
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Seth Golden and Daniela Meneghetti are now friends 5 years, 1 month ago
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Seth Golden and David Mamelli are now friends 5 years, 1 month ago
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Seth Golden started the topic Goldman Cuts Apple… Again in the forum Apple Inc. (AAPL) 5 years, 1 month ago
Goldman Sachs just significantly slashed its price target for Apple, predicting 26% downside to the shares because of a “material negative impact” on earnings for the accounting method the iPhone maker will use for an Apple TV+ trial.
“We believe that Apple plans to account for its 1-year trial for TV+ as a ~$60 discount to a combined hardw…[Read more]
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Seth Golden started the topic Wal-Mart Unlimited Grocery Delivery in the forum State of Retail in U.S. 5 years, 1 month ago
Walmart said Thursday it will be expanding a new “unlimited” grocery delivery service, which costs users $98 annually, to 1,400 stores this fall. https://www.cnbc.com/2019/09/12/walmart-expands-its-unlimited-grocery-delivery-service-nationwide.html?recirc=taboolainternal
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Seth Golden posted an update 5 years, 1 month ago
JPM on ECB
1. ECB Rate decision(Slightly dovish): Overall the decision was mixed but in aggregate more dovish than anticipated (because of the forward guidance), especially following this week’s repricing by the market.2. Rates(Hawkish): Smaller than anticipated cut(-10bps while markets were pricing approx. -14bps)
3. Forward Guidance(Very d…[Read more]
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Seth Golden posted an update 5 years, 1 month ago
Central bank activity update -
Seth Golden posted an update 5 years, 1 month ago
Citigroup says fade the banks:
1. Fade the rally – Bank share prices will likely reconnect with earnings2. 2020E cons. EPS is -12% YTD vs SX7P +4%.
3. Deposit tiering and new TLTRO terms are minor positives, but largely offset by the rate cut. Overall consensus EPS risk is to the downside
4. We believe fiscal stimulus is required for
banks t…[Read more]
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Seth Golden and bruce paton are now friends 5 years, 1 month ago
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Seth Golden posted an update 5 years, 1 month ago
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Seth Golden posted an update 5 years, 1 month ago
Morgan Stanley: More on MoMO sell-offs and subsequent equity performance
1. As of yesterday’s close, Momentum has posted a -15.9% move lower from its last peak on September 3 (five trading sessions have passed since).2. Since 1999, there have been 11 instances where Momentum has moved lower by 15% or more in consecutive trading sessions.
3. On…[Read more]
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Seth Golden posted an update 5 years, 1 month ago
Liquidity improved in May and August - Load More