Category Archives: NEWS

DANGER: China’s Stock Market Bears Up Against It

Despite copper at 11-week lows amid China demand concerns, the daily chart of the Shanghai Composite is pretty clearly breaking out above multi-month resistance. Although the copper theme may indeed be valid, the amount of liquidity sloshing around throughout the capital markets could easily cause the well-to-do China bears (James Chanos, Hugh Hendry, etc.) to be squeezed into oblivion, as money rotates out of commodities and into the Chinese mainland markets.

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Copper ETN Selling Volume Supports Fresh 11-Week Lows

Not only did copper close at 11-week lows amid rising inventories and China demand concerns, but JJC (iPath Dow Jones-UBS Copper Subindex Total Return ETN) saw its heaviest single-day volume IN OVER TWO YEARS, supporting the downside move. Indeed, this copper move was clearly not some random drip lower on a quiet market day.

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Is Carl Icahn Playing Liar’s Poker with the Stock Market?

Recently, there has been quite a stir about whether Carl Icahn is actually as bearish on the stock market as he seems to be, in light of a recent letter he wrote to his investors announcing he would return all outside capital. In essence, it appears that he is playing it safe, and does not want to bear the responsibility to limited partners in the event we see another market swoon.

Insider Monkey, however, believes that Icahn is actually quite bullish on the stock market. The excess cash could easily be used by Icahn to lever up his long exposure. He has also not really hinted at selling core holdings. Food for thought, indeed.

At any rate, courtesy of The PPT, here are Icahn Capital LP’s top holdings.

Major US US Futures Europe Asia Commodities 2yr Euro Yields 10yr Euro Yields Oil
  • DOW 15,294.50 -0.08%
  • NASDAQ 3,459.42 -0.11%
  • S&P 500 1,650.51 -0.29%
  • VIX 14.07 1.81%
  • SPX 500 (CFD) 1,643.60 -0.42%
  • DOW (CFD) 15,250.00 -0.29%
  • NASDAQ 100 2,977.70 -0.46%
  • EURUSD 1.296 0.19%
  • UK 6,650.00 -0.70%
  • GERMANY 8,278.30 -0.88%
  • FRANCE 3,966.50 -0.02%
  • SPAIN 8,272.50 -0.85%
  • H. KONG 22,618.70 -0.23%
  • JAPAN 14,568.00 0.58%
  • KOREA 1,973.45 0.22%
  • SHANGHAI 2,288.53 0.57%
  • NAT GAS 4.28 0.35%
  • GOLD 1,385.00 -0.49%
  • SILVER 22.37 -0.58%
  • COPPER 3.30 -0.06%
  • FRANCE 2YR 0.19 -10.90%
  • GERMAN 2YR 0.00 -120.00%
  • ITALIAN 2YR 2.18 27.59%
  • SPAIN 2YR 2.81 8.21%
  • FRANCE 10YR 1.94 2.16%
  • GERMAN 10YR 1.43 -1.18%
  • ITALIAN 10YR 4.06 0.79%
  • SPAIN 10YR 4.31 0.42%
  • WTI 93.63 -0.66%
  • BRENT 102.21 -0.22%
  • WTI/BRENT 8.58
  • 321 CR SPR 21.96 10.04%