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Andrew Sachais
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Author Bio: Andrew Sachais’ focus is on analyzing markets with global macro-based strategies. He is a former hedge fund trader and has written for TheStreet.com and was an economist for Minyanville. Sachais takes into consideration global equity, commodity, currency and debt markets, and is a... More
My company:
Satch Capital Group
My book:
Robert Griffin III or: How I learned To Love the Backup
View Andrew Sachais' Instablogs on:
  • Junk Yield Spread Widens On ADP Report

    With a weak ADP employment report on Wednesday, the Junk bond spread widened against Treasury bonds, signaling a more risk averse trading environment, weighing on equity prices. The Junk yield spread is represented by the ratio iShares Barclays 7-10 Year Treasury (NYSEARCA:IEF) over SPDR Barclays High Yield Bond (NYSEARCA:JNK).

    Tags: JNK, IEF
    Apr 01 10:51 AM | Link | Comment!
  • Short MGM On Macau Revenue Slip

    As gambling revenue in Macau plummeted in March, MGM Resorts International (NYSE:MGM) presents an attractive short opportunity.

    "Gambling revenue in the Chinese territory of Macau plummeted 39 percent in March, the 10th consecutive monthly fall, as high rollers steered clear of the world's biggest casino hub where the take is 7 times as much as in Las Vegas.

    The revenue drop is the second worst on record for the country's only legal gaming centre - a playground for government officials and executives of state-owned enterprises before President Xi Jinping last year began a crackdown on corruption," according to Reuters.

    Data provided by Trading View

    Tags: MGM
    Apr 01 10:23 AM | Link | Comment!
  • Intermediate Trend: Short Euro And Gold

    Both assets are breaking down due to U.S. dollar inflows. Investors are worried about Greek funding. While nonfarm payrolls on Friday could continue on its upward trend.

    Tags: UUP, GLD
    Mar 31 12:31 AM | Link | Comment!
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