That trade war narrative continues to drive markets, often to the point of absurdity. Futures surged Wednesday morning on an unsourced headline on Bloomberg news that a trade deal with China is, in fact, imminent.
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| |  Good morning, That trade war narrative continues to drive markets, often to the point of absurdity. Futures surged Wednesday morning on an unsourced headline on Bloomberg news that a trade deal with China is, in fact, imminent.
That was enough to send markets back higher following a three-day pounding that set a poor tone for the last month of the year. Investors love clarity, but they're not likely to get it anytime soon. The only certainty at this point is a waffling uncertainty on trade. And when that gets boring for markets, there's usually another round of Brexit talks to break the monotony. Expect this volatility to continue… and to increase in 2020 ahead of the elections.
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 | DOW 27,650.93 | +0.54% | | |
| S&P 3,112.84 | +0.63% | | |
| NASDAQ 8,566.67 | +0.54% | | |
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| *As of market close |
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| • | Markets traded higher yesterday, but closed near the lower end of the day's narrow range. | | | • | Oil prices jumped 4 percent, to $58.37 per barrel. | | | • | Gold declined 0.3 percent, moving to $1,480 per ounce. | | | • | Cryptocurrencies generally dropped, with Bitcoin sliding 0.8 percent to $7,260. | | |
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| Two Pharma Plays for 2020 | |
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Investing often comes down to buying assets that are out of favor with the market right now. While it's mentally tough to go against the crowd, buying unloved assets ensures you're getting a good value. What's more, assets that are out of favor with the market tend to move in favor over time. This constant rotation ensures that investors can always make money, no matter what the market is doing. One unloved sector right now is healthcare.
» FULL STORY |
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| Insider Trading Reports: Dollar Tree (DLTR) | |
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Lemuel Lewis, a director at Dollar Tree (DLTR), picked up 2,000 shares recently, increasing his stake by 10 percent. The buy cost just over $178,000, and comes after shares dropped following an earnings miss.
This marks the first insider buy at the company since 2018. Insiders, including the company COO and Executive Chairman, have been sellers of shares throughout the year, mostly at prices at least 20 percent higher than where shares trade now.
» FULL STORY |
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| Unusual Options Activity: JetBlue (JBLU) | |
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The December 20th $20 call options on JetBlue (JBLU) saw over 31,665 contracts trade hands, a 19-fold rise over the prior open interest near 1,700 contracts.
The bet, expiring in 15 days, will be in-the-money if shares can rise another $1.00 from their current price near $19.00.
The buyer paid $0.25, or $25 per contract, so any move higher in JetBlue shares could lead to a big percentage return in the next few days, even if shares don't clear $20.
» FULL STORY |
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| TOP | | | LB | 7.905% | | | | CPRI | 6.628% | | | | EXPE | 6.208% | | | | PXD | 5.685% | | | | MCHP | 5.083% | | | | BOTTOM | | | CRM | 3.181% | | | | JEC | 2.64% | | | | NRG | 2.202% | | | | HFC | 2.083% | | | | NOW | 1.867% | | | |
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| The volatility in equities over the last 72 hours is very discordant with the amount of actual incremental news crossing the wires. Markets are reacting too violently on both the downside and upside to all these headlines |
- Adam Crisafulli, founder of Vital Knowledge, on the trade war headlines driving markets in the short-term.  |
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