ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Cocoa prices have plunged along with the pandemic-driven crash in global financial markets. The iPath Bloomberg Cocoa Subindex Total Return ETN (NIB) reached a closing peak on February 13th just ahead of the global pandemic crisis. Since then, NIB is down 23.8%, a bear market in cocoa. Per my buy-the-dip strategy in NIB, this is … Read more
Almost a month ago, I celebrated a major breakout for iPath Bloomberg Cocoa SubTR ETN (NIB) by declaring a confirmed bottom. That bottom still holds but unfortunately NIB has persistently declined since then. NIB is down 15.2% from the time of that post. Source: FreeStockCharts.com At the time of my last post, the International Cocoa … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 27, 2017. Click here to read the entire piece.) In late August, 2016, I got ready to buy back into the iPath Bloomberg Cocoa SubTR ETN (NIB) as a part of my strategy to trade its price range at that … Read more
Word went out Friday that BP is considering offering $5 billion in bonds paying 8-10% with 5-10 year maturities. These bonds will likely also be unsecured. Given the real risk this company may not be around to see another birthday, I have to assume only the most yield-hungry investors will paw at this offering. I … Read more