Doug Kass Goes Market Neutral Ahead of Opening Beel (SPY) (QQQ) Sep 1, 2015 09:13AM

Invetor Doug Kass said he's now market neutral after he covered a few trades this morning. The following was posted to Twitter on Tuesday:

I have taken off my two RMPRO Trades of the Week in premarket trading - long $QQQ puts and short $SPY calls

— Douglas Kass (@DougKass) September 1, 2015

Covered all $SPY and $QQQ shorts 192.65 and 101.65 Moving back to market neutral from a slightly larger than medium sized net short exposure

— Douglas Kass (@DougKass) September 1, 2015


Oil Trader Sees Crude Prices Stuck in $40 - $60/bbl Range for 2016 (OIL) (USO) Sep 1, 2015 07:47AM

One of the world's top oil traders sees oil prices remaining flat for 2016 with increasing crude supplies continuing to outpace demand.

According to Bloomberg, citing commentary from Vitol Group BV CEO Ian Taylor, excess inventories aren't expected to clear until 2017 at the earliest. The exec expects oil to trade between $40 and $60 per barrel next year.

The recent slump is similar to that of 2008 - 09, following the financial crisis. At the time, oil fell to around... (continue reading...)


European Manufacutring Ticks Lower in August - Markit (FXE) Sep 1, 2015 07:12AM

Markit announced the following on Tuesday:

Data collected 12-21 August

  • Final Eurozone Manufacturing PMI at 52.3 in August (Flash: 52.4, July Final: 52.4)
  • Output growth accelerates in Germany and Spain; France and Greece contract further
  • Input costs fall for first time in six months

August data signalled a further expansion of the eurozone manufacturing sector, as continued growth in Germany, Italy, Spain, the Netherlands, Austria and Ireland offset the ongoing contractions... (continue reading...)


Currency probe by U.S. said to expand to Russia, Brazil trades - Bloomberg (UUP) (RSX) (EWZ) Aug 31, 2015 12:31PM

Currency probe by U.S. said to expand to Russia, Brazil trades, according to Bloomberg.


UPDATE: Baker Hughes Total U.S. Rig Count -8 to 877, Oil Rigs +1 Aug 28, 2015 01:04PM (Updated - August 28, 2015 1:04 PM EDT)

Baker Hughes total U.S. rig count declined 8 to 877. U.S. Oil rig count increased 1 to 675.


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Aug 28, 2015 10:00AM U of M Sentiment 91.9 vs 93 Expected
Aug 28, 2015 09:04AM Exclusive: Arab OPEC producers brace for oil-price weakness for rest of 2015
Aug 26, 2015 12:35PM Greece's Tsipras: Exit of Euro Would be 'Unthinkable Disaster' for Greece (GREK)
Aug 26, 2015 10:34AM UPDATE: EIA Crude Inventory Data Shows Sharp Decline
Aug 26, 2015 08:30AM Durable Goods Orders 2% vs -0.4% Expected, Ex-Trans 0.6% vs 0.3%
Aug 25, 2015 04:22PM Apple (AAPL), Disney (DIS) Hold Strong as Dow Ends in Negative Territory
Aug 25, 2015 02:21PM Serbia path to EU cleared after signing pact with Kosovo - Bloomberg (FXE)
Aug 25, 2015 02:09PM Fed Maintains Discount Rate at 0.75% - Minutes
Aug 25, 2015 10:41AM CBO Now Sees Slower GDP Growth for 2015; Updates on Outlook Through 2025
Aug 25, 2015 10:00AM July New Home Sales 507K vs 510K Expected
Aug 25, 2015 09:01AM FHFA House Price Index 0.2% vs 0.4% Expected
Aug 25, 2015 09:00AM S&P/Case-Shiller MoM 20 City Index -0.12% vs 0.12% Expected
Aug 25, 2015 06:42AM China cuts rates, reserve ratio after stocks plummet again
Aug 25, 2015 06:24AM China Cuts Rates; Reserve Ratio Lowered by 0.5 Points (FXI) (GXC)
Aug 24, 2015 12:37PM S&P 500 pares loss of less than 1% after earlier 5.3% drop (SPY)
Aug 21, 2015 04:02PM Dow Industrials Enters Correction After Falling 10% from May Peak - Bloomberg
Aug 21, 2015 02:47PM Oil Slumps to Six-Year Low as Demand Fears, Overproduction Weigh (OIL)
Aug 21, 2015 01:09PM Baker Hughes Total U.S. Rig Count +1 to 885, Oil Rigs +2
Aug 21, 2015 11:12AM S&P 500 drops below 2,000 for first time since February
Aug 21, 2015 10:45AM Allianz's El-Erian says September rate hike 'really tough policy call'
Aug 21, 2015 10:08AM Biotech ETF (IBB) Sees Red-to-Green Reversal
Aug 21, 2015 09:45AM Markit US Manufacturing PMI 52.9 vs 53.8 Expected
Aug 21, 2015 06:44AM China Manufacturing PMI Slips to 77-Month Low in August (MCHI) (GXC) (FXI)
Aug 20, 2015 03:12PM Eurogroup's Dijsselbloem hopes Greek elections won't delay reforms
Aug 20, 2015 11:15AM Tsipras to Propose Greek Elections for September 20th - Bloomberg, Citing Official (GREK) (NBG)
Aug 20, 2015 10:32AM UPDATE: Weekly Natural Gas Inventory Increases Less Than Expected
Aug 19, 2015 02:24PM Markets Pare Earlier Losses Following FOMC Minutes (SPY) (QQQ)
Aug 19, 2015 10:36AM Weekly Crude Inventory Increases More Than Expected
Aug 19, 2015 09:58AM Doug Kass Covers Half of S&P 500, Nasdaq ETF Shorts (SPY) (QQQ)
Aug 19, 2015 08:30AM July MoM CPI 0.1% vs 0.2% Expected; Ex-Food & Energy 0.1% vs 0.2%
Aug 19, 2015 07:59AM Investors Turn to Fundamentals as 'Momentum' Play Enthusiasm Wanes (SPY) (AAPL)
Aug 18, 2015 04:38PM API Crude Inventory Declines 2.3M Barrels
Aug 18, 2015 04:04PM Fitch Upgrades Greece to 'CCC'
Aug 18, 2015 12:27PM Got China? Two big emerging market ETFs diverge on their exposure
Aug 18, 2015 12:17PM EPA Proposes New Measures to Cut Methane Emissions from the Oil and Nat Gas Sector
Aug 18, 2015 08:30AM July Housing Starts 1206K vs 1180K Expected, Permits 1119K vs 1228K
Aug 14, 2015 01:47PM Kerry says next U.S. president likely to uphold new Cuba policy
Aug 14, 2015 01:04PM UPDATE: Baker Hughes Total U.S. Rig Count Flat at 884, Oil Rigs Up 2
Aug 14, 2015 08:30AM July MoM PPI 0.2% vs 0.1% Expected, Ex-Food & Energy 0.3% vs 0.1%
Aug 14, 2015 07:32AM Crude Prices Move to Lowest Level Seen in Over Six Years on Demand Worries (OIL)
Aug 13, 2015 10:30AM Natural Gas Inventory 65 bcf vs 55 bcf Expected
Aug 13, 2015 08:30AM Initial Jobless Claims 274K vs 270K Expected
Aug 13, 2015 08:30AM MoM Retail Sales Advance 0.6% vs 0.6% Expected; Ex-Auto 0.4% vs 0.4%
Aug 12, 2015 09:48AM Crude Gains; IEA Sees Global Demand Growing at Fastest Pace in Five Years (USO) (OIL)
Aug 11, 2015 04:38PM API Crude Inventory Declines 847K Barrels
Aug 11, 2015 10:00AM June MoM Wholesale Inventories 0.9% vs 0.4% Expected
Aug 10, 2015 12:47PM Atlanta Fed's Lockhart Sees Rate Hike as 'Close', Expects Stronger Evidence of Inflation Recovery
Aug 7, 2015 03:00PM U.S. June Consumer Credit rose $20.7B, Fed says
Aug 7, 2015 01:05PM UPDATE: Baker Hughes Total U.S. Rig Count Increases 10 to 884, U.S. Oil Rigs Increase by 6
Aug 7, 2015 08:30AM Nonfarm Payrolls Increase 215K, Below Expectations; Unemployment Rate Unchanged
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