The Case for Euro Financials Out-Performing the Broader Market Remains Compelling
Here is some background on how we’ve approached this subject in the past here and here. In a nutshell, we’ve been favorably disposed to Euro financials since May and have believed they could out-perform both the broader market and their…...
Long CREE / Short PANL Spread Trade Up 12% Since September 27th Post
Wanted to update this idea/thesis given the nice pop in CREE today. On September 27th we had a post that noted a spread trade opportunity had emerged in the flat panel/LCD space. That post can be found hereĀ and the chart…...
While the USD Could Face Additional Near-Term Downside, the Potential for a Large Rally May be Growing
Broadly speaking, we’ve been bearish and/or neutral on the USD for the past few months. That said, we’ve also tried to stress the idea that it was likely in the process of putting a durable, long-term bottom in and that…