ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) It has been a while since I last looked at Deutsche Bank (DB). At that time, I was focused on a pairs trade strategy versus Goldman Sachs (GS). So when I noted last week that GS … Read more
Every now and then, I check in on the chart of Goldman Sachs (GS) as a potential indicator of the underlying health of the stock market. This year, I have been consistently surprised at Goldman’s persistent relative weakness compared to the general market. After recently refreshing my chart of the S&P 500 price in gold, … Read more
In the wake of the SEC’s charges of fraud against Goldman Sachs (GS), I recommended trying a pairs trade going short GS and long Deutsche Bank (DB). I was betting that either the SEC charges would blow over and DB would rebound sharply, or the gravity of the charges would intensify and GS would sell-off … Read more
July will deliver an up month for Goldman Sachs (GS) for the first time since March and only the third time since it peaked nine months ago. GS is up 12% for the month of July, handily beating the 7% gain for the S&P 500 and and the 6% gain for XLF, the SPDRs Select … Read more
On Friday, CNBC’s Fast Money asked the question “Has Goldman Bottomed Out?” The answer to these kinds of questions is always a “maybe” or a more resolute “perhaps/perhaps not” but I was a bit amused at the reasoning provided for guessing that Goldman Sachs (GS) has reached a bottom: It acted well on Wednesday by … Read more