02
Jul
Wrap – Week Ended 07/01/16
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Have a Great, Safe, and Happy 4th of July!
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Second half of July forecast: Hot
http://www.cpc.ncep.noaa.gov/products/predictions/WK34/
July to September: Damn Hot
http://www.cpc.ncep.noaa.gov/products/predictions/long_range/seasonal.php?lead=1
Last week was a quiet one that erased almost all post Brexit losses in energyland.
The ZLT D was up 2.6% on the week and is up 27.6% on the year. The XOP was up a similar amount last week and is up 17.1% on the year.
We added to two positions last week. Please see the updated trading blotter here.
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Mulling a DGAZ trade on Tuesday or in the near term. Been an amazing run here this past quarter. Seems a bit toppy
Supposed to have really warm weather after we get through the next few days though.
July 3rd, 2016 at 10:51 pmWishing the Z Gang a safe and happy 4th of July.
July 4th, 2016 at 2:25 pmSuicide bombings in Saudi Arabia. Been a seemingly unreal amount of terrorism across the world in the last 2 weeks.
https://www.yahoo.com/news/multiple-suicide-blasts-hit-saudi-arabia-191235559.html
July 4th, 2016 at 10:00 pmhttps://next.ft.com/content/a8009b06-3fca-11e6-8716-a4a71e8140b0
earnings have been bad for quite some time but it hasn't seemed to matter although the market's been stuck in neutral for about 2+ years.
Are stocks simply buoyed by cheap buy backs companies can do with ZIRP?
July 4th, 2016 at 11:27 pm