Third Point Reinsurance (TPRE) was added to the Pivotal Point portfolio in the middle of last month, and has struggled a bit since. No worries. The Bermuda company is the public investment vehicle of Dan Loeb, the billionaire...
Read MoreWe have two trades with open gains and two with an open loss. Fortunately, the gains outweigh the losses. And I expect more upside ahead for each. Three of the four trades expire in January, so we have some time with those....
Read MoreThe S&P 500 has not pulled back more than 3% in price for nearly 400 days now. That’s the longest winning streak EVER in the history of the index without a correction. And last week was more of the same as both the Dow and...
Read MoreTalk about a reversal of fortune…and not in a good way. Yesterday, the PowerShares QQQ ETF (QQQ) blasted out of the opening gate with a 97-point, or 0.6%, gain. But it lost all those gains and then some before closing with a...
Read MorePerhaps you caught it? About five weeks ago, in The Edelson Wave, I wrote Keeping the Faith in the US Dollar. I made the case the Chinese yuan has a difficult road ahead – STILL – if it is to unseat the U.S. dollar as the...
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