Page 606 - Small Caps News Today

by Tyler Durden Thursday, Apr 08, 2021 - 09:57 AM US Treasuries continue to be bid with 10Y yields tumbling this morning, now down 16bps from the late March high yields... Source: Bloomberg And the US cash open triggered an avalanche of selling in stocks, with Small Caps (red) the hardest hit out of the gate. Nasdaq (blue) is outperforming... And there are signs of anxiety brewing. While spot VIX languishes complacently at pre-pandemic lows, Bloomberg notes, the middle part of the VIX curve t...

by Tyler Durden The Dollar resumed its freefall today, back to pre-FOMC plunge levels today... Source: Bloomberg ...and its gone... The short-term rates market continued its dovish reversal, now expecting over 10bps less tightening by the end of 2022... Source: Bloomberg And that helped send the S&P to a new record high (Nasdaq outperformed on the day and Small Caps managed solid gains are plunging at the cash open)... Right after the cash close, US equity futures went ridiculously vertical... ...

by Tyler Durden Wednesday, Apr 07, 2021 - 11:52 AM Stocks just got hit with a double-whammy of hawkishness as Feds Kaplan threatened to withdraw accommodation as the pandemic ends and Treasurys Yellen unveiled a plan to grab back $2.5 trillion in taxes from corporations. Last week he opined that: “I’m concerned about excess risk-taking and if that excess risk-taking goes too far, whether it creates excesses and imbalances, that could ultimately create challenges,” This week he reiterated ...

by Tyler Durden Wednesday, Apr 07, 2021 - 02:07 PM Since The Feds last statement and press conference (on March 17th), stocks and bonds are up marginally, gold has roundtripped back to unchanged (from a sizable loss) and the dollar is holding on to modest gains... Source: Bloomberg Source: Bloomberg Source: Bloomberg On the rates front, the market tightened significantly after the FOMC statement but has recently eased back as hopes for Bidens stimulus malarkey faded a bit... Source: Bloomberg W...

by Tyler Durden Wednesday, Apr 07, 2021 - 04:00 PM Stocks slipped a bit around 1115ET when Feds Kaplan warned "I do worry about excesses and imbalances," adding that "failing to communicate Fed exit could stoke risk-taking." Kaplan went to say that The Fed "should withdraw some accommodation once the pandemic is over." Then Yellen unveiled her Tax America plan and that spooked stocks further. Stocks then rallied on The Fed minutes which really didnt say much at all - and were thus interpreted ...

Source: Bloomberg The 2s5s10s butterfly topped at the highest levels since March on Friday and went back positive; since then the fly has tumbled around 10bp as the belly of the curve has put in a stellar performance over the past two sessions... Source: Bloomberg Since Thursdays close (remember bonds were open half-day on Friday), the belly has tumbled from up over 8bps to down almost 4bps... Source: Bloomberg Source: Bloomberg Whos buying? Maybe the Europeans and the Japanese? After FX-hedge...

Small Caps, Copper, EM FX: Q2 Top Trading Opportunities Small Caps, Copper, EM FX Poised to Outpace Advertisement Coming into 1Q’21, my expectation was that “in this low interest rate world with pent up aggregate demand and significant slack in the world’s major economies, there is ample room for growth. If growth is the story of 2021, the underperformers of early-2020 should do well.” Thematically, as a long-term position trader, my point of view has not changed; h...

2021-03-17 by Proactive Australia Infinity Lithium Corporation Ltd (ASX:INF)(FRA:3PM) welcomes the key priorities for the EU battery value chain as outlined in the 5th Ministerial Meeting of the European Battery Alliance on March 12, 2021, which enhance the position of its San José Lithium Project in Spain. The meeting prioritised sustainable local sourcing and processing of raw materials used in batteries with the San José project in the spotlight. A key issue was public funding aligned to ...

2021-03-17 by Proactive Australia Lake Resources NL (ASX:LKE)(OTCMKTS:LLKKF) has refreshed the pre-feasibility study (PFS) for its flagship Kachi Lithium Brine Project based on revised lithium price estimates, which demonstrates a more robust financial outcome than the original conservative PFS price assumptions. Kachis project value, as post-tax net present value (NPV), increases 110% to US$1.58 billion (A$2.1 billion), with a 35% internal rate of return (IRR) and annual EBITDA of US$260 mill...

2021-03-16 by Proactive Australia Galileo Mining Ltd (ASX:GAL) has completed diamond drilling at Lantern South prospect of the Fraser Range Project in WA with zones of heavily disseminated sulphide intersected from 110.5 metres to 111.35 metres and 169 metres to 171.3 metres. The diamond drill hole was completed to check for mineralisation beneath reverse circulation (RC) drill hole LARC012 and to establish a platform for downhole EM surveying. Downhole EM surveying will be undertaken to look ...