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What’s in a number? Well, if that number happens to be the all time high set by the S&P500 Index back in January, it might be the number that traders aim for when attempting to spur a me-too rally causing the crowd to rush in for fear of missing out. That number at the start of yesterday’s session...

Something’s gotta give. Yesterday, being a quiet news day, allowed traders to follow on positive sentiment and rally equity indices and bonds (yes you read it correctly, bonds). The day started with some M&A news as Pepsi announced its intention to acquire SodaStream and the news was followed by...

Weak week. Last week was one marked with weakness in foreign currencies, weakness in the case for sleep-deprived tweeting (see Tesla), and weakness in the sectors that have done the bulk of the pulling of equity markets in the currently shifting market regime. What was not weak last week were...

Don’t worry be happy! Equity markets rallied yesterday with high hopes that a meeting with low level Chinese trade officials scheduled for next week will end the ongoing trade rift between the US and China. The markets were so elated at the prospect of a breakthrough with China that the EM...

Testing the limits! Adorning the fronts of theaters and playbills are the highly recognized drama masks depicting one frowning and one smiling mask. This symbol, in fact, goes back to ancient Greece and is still relevant today not only for theater but also on the stage of international politics,...

Bubble trouble? Traders decided to put Turkish contagion behind them yesterday driving equities up throughout the session. The S&P500 closed just below its session high essentially erasing the losses from Manic Monday (see chart 4). The Dow Jones Industrial Index similarly ended trading just below...

Manic Monday!! A song written by Prince and popularized by The Bangles also happens to be the term that best describes yesterday’s equity markets. Equity markets followed on Friday’s weakness sold off and closed near session lows as they were unable to hold early gains. Fears of contagion from...