Sentiment

Stocks Slammed At Cash Open As Quad-Witch Weighs On Sentiment

US equity markets surged higher as Europe opened overnight, but as the US cash market opened, stocks broadly speaking puked as the effects of options expirations started to impact direction… Small Caps are bouncing back but S&P, Dow, and Nasdaq are all down notably as SpotGamma warns that post-opex, next week, we could see the…

Homebuilder Sentiment Soars To Yet Another Record High

US Homebuilders are cock-a-hoop, with their sentiment survey making a new all-time record high for the 3rd straight month. The NAHB Confidence index in November rises to 90 vs 85 last month, highest on record in data going back to 1985, according to NAHB/Wells Fargo. All the subindices soared: Measure of present single family sales…