Devesh Vishwakarma

Hedge Fund Manager at Lax Capital (@laxcapitaluk)

[Devesh Vishwakarma @devesh05]

Seasonal effects on #stockmarket: In long-term series regressions with widespread geographical research, it is found that Halloween effect is significant in 19 out of 73 markets. The data shows that abnormal returns could be realised in strategies starting in Oct, Nov and Dec.

[Devesh Vishwakarma @devesh05]

Euro falls as rate expectations, trade tensions boost dollar - Reuters https://t.co/GGrN3tyaDr

[Devesh Vishwakarma @devesh05]

JP Morgan raises oil price outlook, but trims demand-growth forecast - Reuters https://t.co/JkRIe3dYdh

[Devesh Vishwakarma @devesh05]

EIA Weekly Update: U.S. gasoline supplied hit seasonal record 9.88M b/d
U.S. distillate stocks fell to lowest seasonal level since 2008
U.S. distillate stocks -22M bbl below seasonal average
U.S. refineries processed seasonal record 17.5M b/d
#crudeoil #oilprice #oil

[Devesh Vishwakarma @devesh05]

According to the CME Group, #investors estimate the probability that by September #interestrates will be raised twice more, at 74%. With the growth of interest rates, the price of #gold is falling. Also, the cost of its acquisition and storage is growing. Overall not so bullish.

[Devesh Vishwakarma @devesh05]

@AshishB73667991 Buybacks reflects US firms confidence in the economy. It shows that the US economy is not going to slow down in near future.

[Devesh Vishwakarma @devesh05]

Share buybacks at record high. U.S. companies continued a shopping spree for their own shares in May, making $173.6 billion in buyback announcements, the highest monthly total ever, according to a research report.

[Devesh Vishwakarma @devesh05]

This graph shows job openings (yellow line), hires (purple),Layoff, Discharges and other (red column), and Quits (light blue column).
Jobs openings increased in Mar to 6.5M from 6.07M in Feb.
The number of job openings (yellow) were up 16.8% YoY, and Quits were up 6.3% YoY #jolts

[Devesh Vishwakarma @devesh05]

Small-Cap Stocks Are on Their Hottest Run Since 2002 https://t.co/bJbqTGCYxx

[Devesh Vishwakarma @devesh05]

Tesla Is Rejected by One Class of Investors Who Should Love It - Bloomberg https://t.co/9q6gb266YK

[Devesh Vishwakarma @devesh05]

Fair Value #Investment Method: #Investing in the most underpriced stocks relative to the average ratio of price to fundamental value in a country is the key to achieving superior risk-adjusted returns. #valueinvesting

[Devesh Vishwakarma @devesh05]

If only you can find those stocks .. https://t.co/dtzSdVtyHO

[Stocktwits @Stocktwits]

According to Morningstar, the market is actually UNDERVALUED right now. $SPX $DJIA

If that fact blows your mind, here’s a list of other must-see events: https://t.co/t5ZhT6rYLU

[Devesh Vishwakarma @devesh05]

Rethinking Investment: Hardly anyone seems to be an #investor these days including some financial experts. Everybody knows about the benefits of long term #investing but due to change in personal or professional circumstances they all become #speculators.
#personalfinance

[Capitalist Exploits @capitalistexp]

If you want to invest, invest. If you want to trade, trade. But don't confuse the two. You should have a min inv time horizon of at least 2 years, preferably 5+. Your edge is that nobody does this anymore.

[Devesh Vishwakarma @devesh05]

Secretary of the Treasury of Australia, John Fraser mentioned that the #economy is gaining momentum. Nevertheless, market participants believe that the #RBA will refrain from raising #interestrates until the end of 2019, making the bulls to stay away from #AUD. #AUDUSD #Forex #FX

[Devesh Vishwakarma @devesh05]

#USD showing its value against the 6 major currencies, reached its new yearly high just shy of 95.00 on Tuesday, despite falling yields on #US government #bonds. The US central bank left the rates unchanged last time but the market expects a rate rise in the next meeting. #dollar

[Devesh Vishwakarma @devesh05]

#GBP is under pressure amid uncertainties about Brexit. It is expected that in 2018 the UK economy will grow more slowly than most developed economies, as the uncertainty of the EU’s exit conditions puts pressure on activity and investment.#GBPUSD #UKeconomy #Forex #investing

[Devesh Vishwakarma @devesh05]

Costco ($COST), a good value investing stock, reported Q3 EPS of $1.70, $0.01 better than the analyst estimate of $1.69. Revenue for the quarter came in at $31.62 billion versus the consensus estimate of $31.84 billion. #ValueInvesting #investing #equities #bluechip

[Devesh Vishwakarma @devesh05]

@gentifx We take a long term view on the currency. 1.12-1.13 possible. Recent rise in CPI Flash estimate but rising unemployment rate is never a good sign. Speculators added 6.6K new long positions and 12K ( twice more) short positions. These are strong bearish signals

[Devesh Vishwakarma @devesh05]

Goldman Sachs cuts #EURUSD forecasts, citing Italian instability - Reuters https://t.co/XMlTJdzdRz