Going pretty heavy cash and stopping out of all active trades.
This isn't a healthy market right now and my #1 job is to protect capital, especially after a very strong November.
$NFLX posts a huge disappointment. EPS of $1.74 is 19% below the consensus estimate and below every estimate on the Street (lowest was $2.02).
This was Netflix's biggest earnings miss ever - since it went public back in 2002.
WeWork cutting their IPO valuation in half to $20B is amazing.
Imagine walking into your office and telling employees that your company is now worth 50% less than it was yesterday.
Will be an incredible MBA case study one day.
In the past 50 years, 10-2 yield curve inversion has occurred an average/median of 19 months before the next recession and 12 months before the final peak in $SPX
Draghi: We continue to expect interest rates to remain at their present levels at least through the summer of 2019, and in any case for as long as necessary to ensure continued sustained convergence of inflation to our objective
$USDJPY Option Activity Prior to tomorrow's BoJ announcement
- USDJPY Put Premium at the highest in a year
- ATM Volatility highest since February
- Overnight Break-even straddle 80pips (Covers BoJ)
- 1 Week Break-even straddle 115pips (Covers BoJ, FOMC and NFP)
How the #ECB is keeping a straight face is astounding. Ending their asset purchasing program on Dec this year far overdue. How much longer are they to keep rates this low? https://t.co/hGkZmWOoGy