FlowBank

1217 days ago

Investors (Newsletter) Exuberance
From a contrarian perspective, too much bullishness is a bad sign. As shown on this chart by Bespoke, equity investors sentiment, as proxied by the Investors Intelligence survey of equity newsletter writers, show signs of over-confidence. 64.7% of respondents reported as bullish this week. That is in the top 3% of all readings in the history of the survey. The last time this reading on bullish sentiment was this elevated was in January of 2018. Prior to that, it was February of 1987. Source: Bespoke
#Stocks
Investors Intelligence - Bullish Sentiment

1217 days ago

Story of the day: 'Big Short' investor Michael Burry reveals he's short Tesla

Michael Burry, whose bet against the housing market was made famous by "The Big Short," revealed in a late-Tuesday tweet that he's short Tesla. The hedge fund manager advised CEO Elon Musk to issue more shares while they sit at their "ridiculous" levels. "That's not dilution. You'd be cementing permanence and untold optionality," he added. Source: Markets Insider

#Stocks
Michael Burry

1218 days ago

Trading Salesforce.com (CRM) around acquisitions
Salesforce.com declined sharply (-9%) after the announcement of the Slack acquisition. The software giant has an history of acquisition. As for these past deals, a negative reaction in the stock price of CRM has very much been the norm one week after the deal was announced.  While positive returns have come down to a coinflip one to three months later, in the times the stock has rallied the gains have been double digits. Additionally, six months out has consistently seen Salesforce higher with an average gain of over 20% - source: Bespoke
#Stocks
Salesforce price chart

1218 days ago

A wacky chart to see the stock market rotation hidden under US indices

On the surface stock benchmarks have been rising to record highs, beneath the surface there has been a big flip in what is leading them higher

#Stocks
A wacky chart to visualise the stock market rotation hidden under US indices

1219 days ago

December is historically the best month for UK stocks

Will Brexit buck the trend this year?

#Stocks
December is historically the best month for UK stocks
bg_newsletter