Investment Management
* On 10 Sep we advised to Buy the ProShares Ultrashort Crude Oil ETF (SCO) between $28.00 and $28.50 as we did not expect a Syria attack. Target: $32.00. Time Horizon: 6 Months. Attainable Profit: 13.23% * On 12 Sep SCO traded as low as $27.18 * On 23 Oct SCO traded at a high […]
Catalysts * President Obama confirmed today that Lawrence Summers had withdrawn his name to be considered as Fed Chairman * This piece of news has now changed the entire dynamics of the end of tapering of quantitative easing * The withdrawal of Lawrence Summers who was viewed as hawkish and USD bullish paves the way […]
* West Texas Intermediate crude dropped for a second day as Syria agreed to a Russian plan to surrender its chemical weapons, easing concern that a U.S. strike will curb oil shipments from the Middle East * Futures fell as much as 2.9 percent as France said it will submit a proposal to the United […]
* UBS -389,510 shares (30 June) * Bank of England Governor Mark Carney said officials are ready to add stimulus if investor expectations for higher interest rates undermine the recovery * “The upward move in market expectations of where bank rate will head in future could, at the margin, feed into the effective financial conditions […]
* The iShares US Home Construction ETF (ITB) is an exchnge traded fund that corresponds to the price and yield performance of the Dow Jones US Select Home Builders Index * This ETF contains some of the top US Home Builders/Building Products companies such as PulteGroup, Dr Horton, Lennar Corp, Toll Brothers, Home Depot, Lowe’s […]
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