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Prior to joining The Daily Trading Report, I performed the roles of Chief Market Technician and Head Strategist for the Treasury and Proprietary Trading divisions of a major investment bank. I was also responsible for managing a global market neutral proprietary fund focusing on industrial,... More
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  • Where is the worst place to park your cash - US Treasuries of course! 0 comments
    Jul 29, 2009 11:32 PM | about stocks: PCY, JNK, BWX, EEM, TLT, AGG, UST, PREM

    Strong signals are eminating from the bond market. All of the below bond markets are significaly out performing US Treasuries.

    1.    emerging market bonds

    2.    junk grade corporate bonds

    3.    international govt. bonds

    4.    investment grade corporate bonds

    We believe that this trend will continue with some momentum for at least for the next few months. We cannot see US Treasuries reversing this. Even with yesterdays 5% fall in Shanghai. The more "riskly" markets are showing remarkable resilience. Even as confirmed Bulls this left us more than a bit suprised.

     


    The view of The Daily Trading Report on the above is that those yield seeking and risk taking traders are adding to their position in expections long term trend continuations. We remain long term Bulls for commodities and emerging market equities and Bearish of USD and US Treasuries.

    Disclosure: Long PCY, JNK, BWX


    Themes: US Treasuries Stocks: PCY, JNK, BWX, EEM, TLT, AGG, UST, PREM
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  • $slx and $sea. Base metals prices continue to pick up along with coal prices. Prices of steel and shipping cos remain very cheap
    Jul 15, 2009
  • The Coal ETF (KOL), Coal gives you a long exposure to steel, energy, commodities, and a short exp to the USD, and a great inflation hedge.
    Jul 09, 2009
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