That MGT Im kicking myself! I watched it take off, then watched it go higher, and higher, and higher! lol
Man I just now realized we're like 90% of the way through Q1 earnings reports already. Looking like an increase QoQ from ~$18 to $21 EPS. Good to see, not really a vote of confidence we're gonna get out of this rut though. Next two quarters seem to be promising huge earnings upside. Maybe that bear market isn't coming yet.
HomeDepot Beat earning http://www.cnbc.com/2016/05/17/home-depot-reports-q1-earnings.html Now we are waiting on TJX to beat to help the retail sector
Soros Fund Management doubles bet against S&P 500 http://www.cnbc.com/2016/05/17/soros-fund-management-doubles-bet-against-the-sp-500-in-1st-qtr.html
soros is also bullish on gold...man the more and more these big names keep coming out in favor of gold, the more worried i get. when trades become crowded they tend to fall off hard when they do.
Hrm... he had a large put position before the corrections last year too, right? I would think he's smartly using it as a hedge and not necessarily expecting a large downturn.
If you look at the contract balance for gold, a further run higher looks very unlikely. Probably going to pare back gains a bit. You are correct that being long gold is a very overcrowded trade already. http://finviz.com/futures_charts.ashx?t=GC&p=m1
too bad consumer paychecks didn't have the biggest increase in 3 years as well... U.S. consumer prices recorded their biggest increase in more than three years in April as gasoline and rents rose, pointing to a steady inflation build-up that could give the Federal Reserve ammunition to raise interest rates later this year. http://www.cnbc.com/2016/05/17/us-consumer-price-index-april-2016.html
