Our biggest gripe against the financial media? No one is keeping score. So each month we look back at recommendations from analysts and forecasters that appeared in our pages and rate their performance.
When I joined Futures in 2001 my first beat was the managed money world. This involved researching, interviewing and profiling money managers primarily in the managed futures space. Through the years this has included several hundred managers and traders.
Many traders and investors looking at the extreme volatility from “FANG” stocks: Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google (GOOGL) are tempted to find what appears to be visually appealing shorting opportunities. However, as is often the case, looks can be deceiving.
As successful traders take advantage of global opportunities, they look for any edge they can find to make the best trades. Sometimes any advantage will do, including being able to easily identify which markets are open for trading at a particular time — just by glancing at your watch.
Each year millions of people flock to food and beverage festivals and events around the world. Just about every major city in America has at least one annually, usually in peak season and often highlighting cultural dishes common to the area. Many of these festivals have traditionally featured wine, but more and more are popping up showcasing spirits, cocktails and craft beer.
The career of a trader can only be learned through the experiences of managing real capital. Trying to learn how the markets really work, how one’s emotions play into the decision-making process and taking the risks of managing real capital are not the realm of academia.
It’s a classic call sellers set up. A market with overwhelmingly bearish fundamentals and depressed prices catches a break. Speculators hear bullish news and jump all over it. Prices surge, volatility and open interest advance and the public rushes in to buy calls.
The stars perfectly aligned in 2016 as investors descended on Omaha in late April to hear from the “Oracle of Omaha” just as Apple’s (AAPL) disastrous earnings release crossed the wires and sent the stock plummeting roughly 11% in one week, wiping out more than $60 billion in market capitalization.
There has been a lot of distressing analysis regarding China’s economy and its impact on global growth, but the world’s second largest economy finally could be turning around. There is evidence that a Chinese economic recovery is near. This is in stark contrast to the majority of economists and analysts that say there is more pain in store for China. Many analysts are predicting the slowdown could escalate into a hard landing.