During the last session, investors piled into financial #stocks with $XLF up 1.26%, and several major banks had a good green day ahead of the next #FOMC. Since October, $XLF is up 24% despite banks’ books starting to have more holes than Emmental cheese 🧀 (and some even starting to…
Category:Daily
Daily post about finance and breaking news
FEBRUARY 2020 ALL OVER AGAIN?
In 2020, stock markets in the #US and #Europe peaked on the 19th of February, while #China and #HongKong ones peaked exactly one month prior, on the 20th of January. In a great twist of destiny, on the 21st of February this year, $NVDA is scheduled to report its Q4-23…
EVERGRANDE – GAME OVER (AND THEN CHAOS) OR NOT TOMORROW?
Will the #Evergrande never-ending story finally come to an end tomorrow, or will the #HongKong Judge, Justice Linda Chan, adjourn the hearing for the 8th time in the hope that a miracle suddenly strikes #Evergrande from the skies and fixes the whole mess? If the hearing is adjourned again, not…
CHINA WANTS INVESTORS AND THEIR MONEY BACK – WILL IT SUCCEED THIS TIME?
#China and #HongKong #stocks were literally on the verge of free falling when the “national team” stepped in last week to the rescue. Clearly, the benefits of it were short-lived and yesterday the $HSI closed again below the 15,000 mark. Some #bullish hedge funds that went all-in on #china #stocks…
HOW MANY ARCHER-DANIEL-MIDLAND ARE HIDING IN PLAIN SIGHT?
While everyone was busy celebrating new all-time highs, $ADM, the 35th largest company in the US [According to the last Fortune 500] and about to celebrate the 100th anniversary since their shares started trading on the New York Stock Exchange (they listed on December 24th, 1924!), crashed 24% in a…
TRADERS AND (ZOMBIE) COMPANIES NOW PRAYING #INFLATION IS NOT COMING BACK
The text discusses concerns about a potential resurgence of inflation, challenging the notion that central banks have successfully tamed it. Recent UK inflation data for December suggests a possible upward trend, prompting questions about the Federal Reserve’s rate-cutting plans. Bond traders are adjusting their bets, and the author predicts a likely rise in interest rates unless a significant event disrupts the current pattern. The impending maturity of substantial debt in 2024 adds pressure on yields. Regarding stocks, the author questions the bullish outlook, considering the impact of rising rates and the potential for another crisis. The conclusion advises caution and suggests buying insurance amid market uncertainties.
GOLDMAN SACHS – A BIG EPS BEAT ENGINEERED TO HIDE LIQUIDITY STRUGGLES AND A QUESTIONABLE LOAN BOOK?
#GS Q4-23 was quite a spectacular game of smoke and mirrors that, of course, fooled the mainstream media. CNBC – “Goldman Sachs tops revenue estimates on better-than-expected asset management results” WSJ – “Goldman Scores a Win With Sharply Higher Earnings” Let me show you one of the “tricks” they used….
WELLS FARGO – A CASE OF TOO MUCH WINDOW DRESSING AND TOO LITTLE COLLATERAL?
Honestly, at first glance, what #WFC reported for Q4-23 didn’t seem great, but not particularly bad either. Overall, their Q4 seemed quite dull. I was tempted to move on, but as an old habit, I had to read the footnotes first and here we go, I finally came across something…
NOT THE START OF THE YEAR EVERYONE EXPECTED. A “LIFETIME #BTFD OPPORTUNITY” OR BETTER TO BE CAREFUL?
Let’s be honest, no one would have bet on all the #Mag7 #stocks to close red on the first trading day of 2024, led by #AAPL down 3.58% (and it could have been worse without that relief #7bn MOC #stocks pump that put some lipstick on the #Nasdaq pig snouts…
BANK OF AMERICA WENT “CRAZY” IN Q4 (LITERALLY)
While digging into #BAC‘s Q4-23 financial statements, I couldn’t help but wonder if they had lost their minds during the last three months of 2023. No, I am not referring to the “press release” or the “presentation,” which are usually prepared to “feed” the media rather than provide transparency to…