CAD$ at Resistance & Bulls At All-Time High
The chart below shows the CAD$ at resistance line (1) with crude facing resistance line (2). At the same time the % of the public that is bullish the CAD$ is now at ~85%, an all-time high rivaled only in…...
Any Chance the Draghi Put is Now Priced Into the Euro & Corresponding Risk Assets in the Near-Term?
All the way back on July 10th we highlighted the fact that the Euro sat on very critical support levels when it stood at ~1.21, some 600 bps lower than the current ~1.29. We noted that if one were risk-asset bullish…
GOOG’s Day in the Sun is Likely Arriving with $1,000 in the Cards
Even as AAPL has risen some ~225% from its highs in 2007 GOOG shares are still DOWN 3% after peaking in the same year. We believe GOOG’s fortunes are in the process of changing as is the market’s perception of…
Long Gold / Short Equities Has Been a Generational Trade That Will Likely Continue
Since 1999 the ratio of the SPX vs. gold has declined 85%. That’s +485 bps annualized for somebody who was short the index and long gold the entire time. In the end, the logic for this trade remains quite simple:…