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Straddling on the oil
Not long ago, two major oil-producing countries (Russia and Saudi Arabia) reached an agreement, according to which the stake of output of those countries was capped at January-2016 levels. The move...
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Q1 Earnings season – Time to get you some new shorts for the summer
Stocks have risen sharply since 2011, while earnings have lagged Consider this: Since the beginning of 2011 the S&P 500 has risen by more than 60%. On the contrary, aggregate GAAP earnings of the...
View ArticleMarket Recap 17-04-2016
Download here the Market brief US S&P 500 was driven up by the start of the earnings season after that some major US banks announced quarterly results higher than the expectations. JP Morgan Chase,...
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High Yield & Oil: intertwined destinies?
As we all know, the oil price has crumbled in recent months, touching its minimum level in many years in February 2016. This was due to several factors: slowing growth in China and general sluggish...
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Rise of the Chinese Zombie Firms
As the Financial Times has very precisely coined it, “The end of the Chinese miracle” is referred to the end of an era where Chinese villagers, precisely 277 mn of them, migrated from rural areas to...
View ArticleMarket Recap 24-04-2016
Download here the Weekly Market Brief United States Microsoft and Alphabet weighed heavily on the major US stock indices Friday when the two stocks fell 7.3% and 5.1% respectively following...
View ArticleMarket Recap 1-05-2016
Download here the Market brief USA Earnings season is over and in the tech sector we observed important market reactions: the most notable one was AAPL 10% depreciation caused by its disappointing...
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Is it time to short China?
Once again Soros has bet against China. This time it is with regards to its mounting debt, comparing it to a pre-crisis US in a recent interview with Bloomberg. He justified his opinion by looking at...
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Special Report – Oil: an impossible trade
Oil has long been one of the main drivers of the worldwide economy and for this reason it is closely watched by all investors and traders. The central role of what, back in the days, was called the...
View ArticleMarket Recap 8-05-2016
United States After reaching its weekly high at 2075, following good news from Facebook earnings, the S&P 500 fell to a low of 2033 and finished at a mid 2053 the end of earnings’ season. The Fed...
View ArticleWhen dealing with multiple stocks
In finance, a covariance matrix can be a useful tool to estimate the cross correlations between different stocks. However, historical data contains random noise, which can alter the underlying...
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US Elections – Politics Toying with Financial Markets
The US Electoral System In the US, the race for presidency is a long process that includes primaries, caucuses and national conventions, in which the parties’ candidates are determined. The main...
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Momentum Investing: Just Go with the Flow
In this article, we will provide an overview on momentum investing, explaining what the strategy is and how it works. We will provide historical values that shows that strategy generated positive...
View ArticleMarket Recap 13-11-2016
United States In the US, as elsewhere in the world, the markets were driven by the results of US elections. The victory of Donald Trump boosted equity markets. Indeed, The Dow Jones Industrial Average...
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Argentina: A Land of Opportunities?
The focus of this article will be on the Argentinian government debt and potential upsides and downsides it faces. We will examine the attractiveness of their fixed income market by observing the...
View ArticleMarket Recap 20-11-2016
United States On the week ended November 18th, stocks continued their post-election rally. Investors appear optimistic of President-Elect Donald Trump’s proposed expansionary fiscal policies. The Dow...
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Trumponomics: Profit with Inverse ETFs
This article will introduce an unconventional way to profit when interest rates rise using inverse ETFs. We will show the upsides and downsides of these tools, focusing on how they could be used in...
View ArticleSpecial Report: When the Bull Bursts the Bubble, the Bear Arrives
The main purpose of the following Special Report is to understand how bear and bull markets develop over time and how it is possible to forecast their path. With respect to forecasting bear markets,...
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Boosting Infrastructure: More Pain than Gain
The rhetoric for increased infrastructure spending as a fiscal stimulus has been particularly popular this fall. Firstly, Mr. Trump in his campaign claimed that he is going “to fix inner cities and...
View ArticleMarket Recap 27-11-2016
United States Not really a Black Friday for the US stock market. All the three major indexes continued their rally closing at historical highs and with similar gains. The S&P 500 closed at...
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