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European movers were in focus today as several companies announced updates on their performance. Among the winners, ASML (ASML NA) saw an upgrade to Buy from Neutral at UBS after reporting strong demand for its semiconductor equipment. The company’s stock price rose by 2.2% on the news. Safran (SAF FP) also had a positive day,…

Lululemon Athletica, Inc. (NASDAQ: LULU) recently released its earnings report for the second quarter of 2023, providing insight into the company’s financial performance and future prospects. In this blog post, we will delve into the key takeaways from the earnings report and analyze what they could mean for the company’s continued growth and success. Revenue:…

Traders are actively monetizing upside potential in the Gold Trust ETF (GLD), according to recent data and analysis from Spotgamma. The traders’ strategies involve reducing call skew, which suggests they are selling calls or buying puts. This move is supported by data from FlowPatrol showing significant call sellers in GDX, a big 40k put roll,…

As Rebecca Cheong of UBS points out, the US equity market’s internals are deteriorating, indicating a potential pullback in late September or early October. Cheong notes several signals that suggest a weakening of market internals, including: 1. CTA exposure at a five-year high: The chart shows that CTA exposure has reached levels not seen since…

US stocks are off to a strong start today, with the S&P 500 index up 0.3% in pre-market trading. Several individual stocks are seeing notable activity, including NVIDIA (NVDA), CRM, BYDDY, AEO, TROW, and SAIC. NVDA is up 0.1% after Chinese firms showed continued interest in the company’s chips. Despite a muted growth forecast from…

France is bracing itself for a political showdown as President Emmanuel Macron looks to avoid a snap general election following the loss of his Prime Minister, Jean Castex. According to Bloomberg sources in Paris, Macron is exploring alternative options to secure a majority in parliament without resorting to an early vote. The president’s primary concern…

The recent gap between the S&P 500 Index (SPX) and the MOVE (inv) index has caught the attention of investors and market observers alike. While some may dismiss this development as a temporary anomaly, there are several reasons to believe that this correlation could be more significant than it appears on the surface. Firstly, it…

China’s capital markets have been experiencing a period of rapid growth, with margin financing up a staggering +64% year over year. While this may seem like a promising sign for investors, regulators are taking steps to cool speculation and curb the rapid growth in margin financing. In this blog post, we’ll explore the near-term caution…