With coronavirus fears giving the market pause from all-time highs, the credit market is showing a bigger warning sign.
 | You're receiving this email because you are subscribed to Trading Tips,
if you no longer wish to receive these emails you can unsubscribe here. | |  | | |
| |  Good morning. With coronavirus fears giving the market pause from all-time highs, the credit market is showing a bigger warning sign. The 3-year Treasury yield fell below the 10-year yield, a phenomenon known as inversion.
A slight inversion in the yield curve last year led to a slowdown in the market's performance. While a brief inversion isn't necessarily a sign of a big market drop ahead, it's still a sign that investors should remain a bit cautious. Don't be surprised to see a market pullback this year. If the curve inverts further, it may be prudent to start pricing in a recession… but we're not there yet.
| | | | | |
| | |  | DOW 28,859.44 | +0.43% | | | | S&P 3,283.66 | +0.31% | | | | NASDAQ 9,298.93 | +0-.28% | | | | | *As of market close | | | • | Stocks traded higher yesterday, shaking off losses from most of the day on strong earnings. | | | • | Oil declined 1.5 percent, closing at $52.77 per barrel. | | | • | Gold rallied 0.4 percent, moving to $1,581 per ounce. | | | • | Cryptocurrencies rallied, with Bitcoin rising 2.5 percent to $9,542. | | | | | | | | |
|
|
| Buy These Biometric Niche Plays to Profit from this Growing Sector | |
|
|
There are plenty of ways to play tech right now.
While there's a lot of focus on technologies like semiconductors, graphics processing plays, big data, robotics, artificial intelligence, and other traditional pieces of tech, there are plenty of growing sectors that are quieter as well.
One such niche is biometrics. If you've ever had to swipe your fingerprint to access your phone, or have a camera scan your retina, you're already familiar with this technology.
» FULL STORY |
|
| |
|
|
| Insider Trading Reports: Freeport-McMoRan (FCX) | |
|
|
John Stephens, a director at Freeport-McMoRan (FCX), bought 45,00 shares recently, increasing his stake by 370 percent.
The purchase came to just over $503,000.
It marks the third buy at the company by insiders in the past year, by the company CEO as well as the CFO. These total buys have outpaced insider sales. Over the past three years, though, insider sales have outpaced buys by a considerable amount.
» FULL STORY |
|
| |
|
|
| Unusual Options Activity: AT&T (T) | |
|
|
April 2020 $34 call options on AT&T (T) saw a 13-fold rise in volume, going from 144 open contracts to nearly 1,900 trade hands.
The bet, expiring in 77 days, is about $3 in-the-money. The buyer of the calls expects a further rally from here, and can profit from any dollar-for-dollar move in shares.
The buyer paid $3.50 per contract on average, or about $3 of "moneyness" of the option and $0.50 in time premium.
» FULL STORY |
|
| |
|
| | |
| TOP | | | NOW | 9.168% | | | | MDLZ | 7.771% | | | | FBHS | 5.575% | | | | BEN | 5.515% | | | | CTVA | 5.18% | | | BOTTOM | | | DD | 8.615% | | | | URI | 7.014% | | | | UPS | 6.704% | | | | ALXN | 6.209% | | | | FB | 6.137% | | | |
|
| | |
 |
| If we think of the economy as being roughly in equilibrium, the natural question is what it would take to shock the system. For the moment, I think negative risks are more likely than positive ones. But with the economy as stable as it is, it would take a very large shock indeed to materially alter the economy's basic trajectory. |
|
- Eric Winograd, senior economist at AllianceBernstein, on why the U.S. economy looks stable with low inflation and modest growth, and why events like the coronavirus outbreak could affect stocks to the downside.  |
|
No comments:
Post a Comment