We refer to the article of Gunjan Banerji from the Wall Street Journal mentioning our 2 new trades - long put options on Tesla and Apple before their earnings release. Please find the details here: https://www.wsj.com/livecoverage/stock-market-news-today-2022-10-18/card/tesla-apple-loom-large-over-stock-and-options-markets-Zwcd6FoS8Rl55pR7x4bX
It is possible the ECB meeting is starting a new leg down for European equities. We buy out the money put on the German DAX, for which implied volatilities have fallen too much. The chart on…
Our regional Matrix (see below) is OW Europe, as its EU sentiment grade is bullish at +28% (while US or Japan have very negative sentiment grades), its valuation less expensive than US, and its contrarian trend showing…
We observe a symmetry (pink rectangle) between the current circa 10% sell-off and the one in June. probably, the comparison may continue for the outcome : UP. There is currently an inverse head and shoulders forming…
Our regional Matrix is underweight Japan. Our Japanese allocation has been overweight for the last 2 years, so we listen carefully to a change of tone from our matrix as: 1) Japanese stocks are not cheap…
Equities are very overbought and our matrix has switched from a momentum phase to an inflexion one: we are becoming short term bearish on US stocks and now neutral on European ones. Thus we take profit…
We think the Fomc meeting outcome is very dovish and thus bullish on gold. Gold miners - GDX US- have broken their current bearish trend and should rebound towards their 2029 high circa 31.We initiate a…
Japan's grade has been reduced to neutral by our regional matrix, while Europe stays overweight (justifying our call yesterday to buy Spain). Thus we close for a nice return our long on the Nikkei (up 14.44%…