Be in the know. 12 key reads for Wednesday…

  1. PayPal Stock Rises. It’s on ‘Fast Track’ to Better Margins With New Guest Checkout System. (barrons)
  2. It took 14 years and 86 days to make an Olympic champion in skateboarding. (nytimes)
  3. This Bond Market Indicator Says the Stock Market Will Be Fine (barrons)
  4. How Whole Foods Revolutionized the Way America Eats (barrons)
  5. The Vix ‘fear gauge’ index is falling — but it hasn’t given stocks the all-clear yet (marketwatch)
  6. Investors made a record number of option bets that equities would fall as markets dived on Monday (marketwatch)
  7. BOJ Watchers Keep Rate Hike Views Unchanged Despite Market Chaos (bloomberg)
  8. Disney raises streaming prices for Hulu, Disney+ and ESPN+ (cnbc)
  9. Why the Fed is being blamed for the historic stock-market plunge (businessinsider)
  10. This Doesn’t Look Like Recession. Here’s How One Could Happen. (wsj)
  11. Japan Likely Sold Foreign Securities to Fund FX Intervention (bloomberg)
  12. YUM China Gobbles Up Gains On Q2 Beat, State Council Prepares “Service Consumption” Policy (chinalastnight)

“Like a Phoenix from the Ashes” Stock Market (and Sentiment Results)…

Unwinding the “Most Crowded Trades”

On Friday, I joined Liz Claman on Fox Business to discuss the economy, labor market, SAHM rule and more.  Thanks to Jake Mack, Kathryn Meyers and Liz for having me on:

Watch in HD directly on Fox Business

More on the Carry Trade

Many have been asking why the Nikkei (Japanese Equities) were down 25% in just a few days.  We discussed how it works, what’s happening and the outlook going forward, with Charles Payne, on Fox Business this Monday.  Thanks to Nick Palazzo and Charles for having me on:

Here were my “show notes” ahead of the segment: Continue reading ““Like a Phoenix from the Ashes” Stock Market (and Sentiment Results)…”

Be in the know. 25 key reads for Tuesday…

  1. China, Defensive Sectors Win Favor as Asian Stocks Stage Rebound (bloomberg)
  2. Market Selloff Upends Fed Rate-Cut Calculus (wsj)
  3. Nvidia’s Huang Sold $323 Million of Stock in July Before Decline (bloomberg)
  4. Google Monopolized Search Through Illegal Deals, Judge Rules (bloomberg)
  5. Inside Alibaba’s New Global HQ: A Glimpse into China’s E-commerce Giant (chinalastnight)
  6. Biggest Margin Debt Unwind Since 1999 Spurred Taiwan Stock Rout (bloomberg)
  7. Chinese Brokerages Talk Up Local Stocks After Global Meltdown (bloomberg)
  8. From Nvidia CEO To Warren Buffett: Insider Stock Selling Was An Ominous Warning Ahead Of Market Swoon (zerohedge)
  9. Goldman Says Buying S&P 500 After 5% Drop Is Usually Profitable (bloomberg)
  10. Apple Stock Slips, Microsoft Gains. What Google’s Antitrust Loss Means for Big Tech. (barrons)
  11. What to Know About the Japanese Yen ‘Carry Trade’ That Is Blowing Up Markets (barrons)
  12. The classic signs of a stock-market bottom aren’t yet in. Here’s what to watch, says JPMorgan (marketwatch)
  13. Opinion: Your stocks now trade at the mercy of the Japanese yen (marketwatch)
  14. S&P 500 put option volume hit record on Monday (marketwatch)
  15. Is the stock-market meltdown due to the unwind of this popular hedge-fund trade? (marketwatch)
  16. Fed’s Daly Isn’t Worried About the Jobs Report—or an Impending Recession (barrons)
  17. Unraveling Trades Fuel Global Market Rout (wsj)
  18. Not mincing words Michael Phelps didn’t hold back on how to handle doping controversy around Chinese swimming (nypost)
  19. Traders Bet on Fed Emergency Rate Cuts, but Officials Need More to React (nytimes)
  20. How Google’s antitrust defeat could change how you search the web (usatoday)
  21. InterContinental CEO Says US Hotel Demand Defies Economy Fears (bloomberg)
  22. San Francisco Fed President Daly sees interest rate cuts coming as labor market weakens (cnbc)
  23. Uber says consumer spending ‘never been stronger’ as profits jump (ft)
  24. Global hedge funds increased Chinese stocks exposure in July, Goldman says (scmp)
  25. RMB rebound trend to continue (cn)