Financial Securities Melt Down, Bitcoin Melts Up

Once again the stock market was down bigly on the ongoing trade war headlines. One of the few asset classes that has not crapped the bed recently is cryptocurrencies, which have rallied hard over the past couple weeks. Are cryptocurrency investors betting on financial conditions getting so bad the Fed has to cut rates? Why […]

Walgreens Off A Comfortable 13% on Earnings

Walgreens (WBA) announced results where they slightly missed top line revenues & missed earnings. Net income fell to $1.16 billion, or $1.24 a share, from $1.35 billion, or $1.36 a share, in the same period a year ago. Excluding nonrecurring items, the company said adjusted EPS declined 5.4% to $1.64, below the $1.72 that FactSet […]

Portfolio Insurance, Real or Imagined

Volatility in currency markets is largely nonexistent, at least for now: With central banks standing pat and little else to drive markets, the betting on low volatility itself is helping to drive trading, says Russell LaScala, Deutsche Bank’s global co-head of foreign exchange trading. He calls the situation “self-perpetuating,” adding that “these loop orders control […]