#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…
Author: Dario
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…
NOT EVERY “ALL TIME HIGH” IS THE SAME – YES, THIS TIME IS DIFFERENT
he S&P500 closed at new all-time highs last Friday. Yet, have you noticed way fewer people are celebrating this time around? Yes, because indeed this time is different. In all fairness, Bloomberg tried to kick off the party but published one of the articles that has good chances to make…
TRUIST BANK Q4-23 (INSOLVENCY) SCHIZOPHRENIA?
When was the last time you remember a bank losing $5bn in a quarter, after making $1-1.5bn on average in all recent ones, and jumping almost 5% in price as soon as its #stocks start trading? That’s what happened with $TFC yesterday and in case you haven’t figured it out…
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…
THIS IS WHY $BTC CAME DOWN A LOT
I am quite surprised everyone is struggling to understand what’s going on with $GBTC and #Bitcoin price action after #BitcoinETF approval. Do you remember the famous “ $GBTC Basis Trade” that sent to the grave the likes of #BlockFi and #3AC ? In a nutshell, for years, many have been…