Going To Zero? LendingClub Tumbles After Disclosing DoJ Subpoena
Going into this week, some traders assumed things couldn’t get any worse for LendingClub. Shares in the beleaguered marketplace lender tumbled last week following an internal investigation into falsified loans sold to Jefferies and after it was revealed that CEO Renaud Laplanche failed to tell the board about a stake he had in a fund…
Bearish Trade in the Financials
Bearish Trade in the Financials Over the weekend we went through the performance of the different sectors in the market. Financials remain the weakest link. We looked through several financial stocks today. We finally found one that is perfect for a bearish put spread. Watch the video for this TheoTrade idea.
Lower For Longer: Street Bets On Treasury Rally As Top Fed Official Warns On Policy
"I think markets may be extrapolating from our recent behavior and thinking all we do is delay.” That’s from Jeffrey Lacker and it’s entirely accurate. Lacker has been a vocal critic of the FOMC’s easy money policies for years and on Monday, The Washington Post published an exclusive interview with the Richmond Fed chief. Back…
Bulls Run As Goldman Oil Call Sparks Rally
If everyone is being honest, forecasting commodities prices further out than say six or so months is well nigh impossible. There are just too many inputs. That goes double for oil, the most financialized of all commodities. As I wrote last week, the market is now trading almost exclusively off crude. Sure, there are myriad…
Stock Sector Performance 2016
Stock Sector Performance 2016 For us to understand what is happening in the overall markets we need to look at stock sector performance in 2016. Let's take a look at what is underperforming and outperforming the major indexes. From there we can find opportunity in the week ahead.
Which Came First, The Fed, China, Or Oil?
Last September, Janet Yellen adopted the now famous “dovish relent.” A little over three weeks earlier, China “shocked” the market with a “surprise” devaluation of the yuan. To be sure, no one should have been taken off guard. China is an export driven economy with a currency tethered to the dollar. As the dollar moved…
More Downside For LendingClub And P2P? Signs Point To Yes
It was just three days ago when I asked the following question: “does the disaster at LendingClub foretell the demise of marketplace lending?” While it’s ultimately too early to know the answer, it’s worth noting what’s happened since then. If you read that post, came away bearish, and acted on your newfound pessimism, you’d have…
“Crude” Reality: This Market Is Driven By Oil
Don’t kid yourself. It doesn’t matter who you are or what you’re trading, it’s all about oil these days. If you don’t buy that, then have a look at the carnage that unfolded in January. Sure, some of it was attributable to the hangover from the first Fed hike in nearly a decade and the…
AAPL stock price today
AAPL stock price today cracks key level AAPL stock price today hit an important level. We have been watching the $92 mark for a while as it came down to $92 on August 24 2015. It tested $92 again earlier this year. Now AAPL stock price is below $92 for the first time since June…
Kyle Bass Sticks To Guns On China At SALT: “It Will Happen Sooner Rather Than Later”
“I suppose I need someone to define hard landing for me.” That’s from Kyle Bass who has taken it upon himself to go to war with China’s central bank. Back in January, Bass began to lay out his thesis in earnest. “China is going to have to dramatically devalue its currency,” he said. Of course…