James Toppa, CFA, CAIA

Driven Finance Professional in Buy Side Asset Mgmt. | Champion of Portfolio Construction Excellence | Dedicated to Continuous Personal and Professional Growth

[James Toppa, CFA, CAIA @jltoppa]

@jonbrosio Don't overthink it—start doing! Ideas are just dreams until action brings them to life.

Move over, maybes
Perfect is a myth
Act now, refine later

Jump into action and watch your dreams take flight!

[James Toppa, CFA, CAIA @jltoppa]

Job market boom! Nonfarm payrolls jumped 353K, doubling forecasts. Average earnings up, but work hours at pandemic low. Unemployment steady at 3.7%. Fed rate cut odds dip. March cut? Just 20% chance. 🚀📉 #Economy #FederalReserve

[James Toppa, CFA, CAIA @jltoppa]

#NewProfilePic

[James Toppa, CFA, CAIA @jltoppa]

@3PeaksTrading Risk 1 for 19!

[James Toppa, CFA, CAIA @jltoppa]

"Nobody's gonna know, nobody's gonna know...They're gonna know"

[zerohedge @zerohedge]

This is normal

[Carl Quintanilla @carlquintanilla]

ORANGE LINE: $ARKK

BLUE LINE: Goldman's Non-Profitable Tech Index

(h/t @JulianMI2)

[Big Think @bigthink]

Spinal cord cure breakthrough makes paralyzed mice walk again. https://t.co/QiNZJlXPE2

[zerohedge @zerohedge]

Wall Street Explains Why Despite A "Second Wave" In COVID Cases, Deaths Have Barely Budged https://t.co/18H8VXIdnG

[TheStreet @TheStreet]

AstraZeneca put its #COVID19 vaccine trial on hold due to a possible adverse reaction in a participant in the U.K. $AZN. @byKatherineRoss has the latest. Read more: https://t.co/ZIlYdAHMci

[zerohedge @zerohedge]

From yesterday

https://t.co/Lcvdq1bsdf

[Liz Ann Sonders @LizAnnSonders]

Banks cutting credit card limits at fastest rate for those who rely most on credit cards; doesn’t bode well for households in precarious financial situations, especially if additional government benefits stop flowing @TransUnion @Bloomberg

[Gregory Daco @GregDaco]

The rebound in housing reflects a combination of factors induced by the #COVID19:

- lower interest rates from Fed easing monetary policy
- desire to move out of densely populated areas
- steady income in some case supported by fiscal aid

Key question is sustainability into H2

[Gregory Daco @GregDaco]

Ongoing bets against the US #dollar

via @GoldmanSachs @SoberLook

[Tom McClellan @McClellanOsc]

This chart was featured in our most recent newsletter, comparing VIX now versus 2008-09. VIX has fallen faster this time, but it also was lower before the spike. Fascinating part for me is how the timing of the foreshocks and aftershocks matches up.

[Dune AnaIytics @DuneAnaIytics]

Quite a chart.

[Mohamed A. El-Erian @elerianm]

While the focus has been on dollar weakness, not all currencies have appreciated against it.
#Turkey is particularly interesting here.
Having succeeded in repressing #Lira volatility despite worsening financial imbalances, this effort has started to be less effective (@FT charts)

[James Toppa, CFA, CAIA @jltoppa]

S&P @ LT avg in terms of gold spot. 1Y relative strength on the lower end.

[zerohedge @zerohedge]

The S&P in gold terms: fascinatingly it is right on top of its historical average

[zerohedge @zerohedge]

US new cases and deaths, 7 day average

[Baird Strategas @BairdStrategas]

Today marks 3 months to Election Day. The S&P 500's performance in the 3 months thru Election Day is 87% accurate in predicting the election winner – historically if performance is positive the incumbent party has won and if performance is negative the incumbent party has lost.

[zerohedge @zerohedge]

New orders don't need new jobs