FlowBank

1228 days ago

Call buyers are chasing Cyclical recovery names such as Exxon Mobil (XOM)

As we have seen earlier this year with Tech names, call buyers can trigger a positive (and then negative) feedback loop as call buying forces dealers to gamma hedge and thus to chase the price if positive momentum continues until...the trend breaks. Call buyers have switched out of Technology stocks into the rotation/cyclical plays. But the current Net Call Value Traded as a % of Market Cap is still low. This trade might thus have some legs - source: @Macrocharts.   

#Stocks
Exxon Mobil (XOM) chart and Net call value traded (as a % of Market cap)

1228 days ago

What next after 2020 dividend cliff edge?

Companies drastically cut dividends in 2020. Will 2021 mark a comeback or is more cutting to come?

#Stocks
What next after 2020 dividend cliff edge?

1228 days ago

Will Asian tech lead the Nasdaq higher?

HSTECH closed higher than usual at the last day of trading. Asian tech stocks have remained strong in the past month, do they have the power to carry tech even higher?

#Stocks #Macro

1228 days ago

Emerging Markets (EEM) vs. S&P 500 (SPY): a dead cat bounce or the start of something much bigger?

Source: The Market Ear, Refinitiv 

#Stocks
EEM vs. SPY

1228 days ago

Russell 2000 vs. S&P 500: still a long way to go despite recent outperformance

"Small & Mid caps have underperformed for over 2 Years, and there is still a long way to go back to trend (shown below). In addition, smid caps offer better exposure to an economic recovery, as a higher percentage of constituents are non-tech cyclicals vs. the SPX. The RTY is also expected to see higher sales and earnings growth into 2021, and revision trends for small and midcaps are already outpacing that of large caps. Finally, M&A is picking up and that has historically favored the group as well". - source: Jefferies 

#Stocks
Russell 2000 vs. S&P 500 relative performance
bg_newsletter