Share this page!

Robin Wigglesworth Profile picture
Twitter logo
17 Nov, 5 tweets, 3 min read
With vaccine news adding even more fizz to financial markets, we are now approaching "full bull", according to Bank of America's Michael Hartnett.
The love for emerging markets is certainly pretty fulsome. cc @AllThatIsSolid
@AllThatIsSolid Growth expectations now at at the strongest since the early noughties.
@AllThatIsSolid Cheerily, "civil unrest" makes its first appearance in the biggest-tail-risks survey.
@AllThatIsSolid Congratulations to Boris Johnson's UK, now not quite as hated as energy stocks.

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Robin Wigglesworth

Robin Wigglesworth Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @RobinWigg

Robin Wigglesworth Profile picture
11 Nov
I have a new big read out, on the renewed challenges that active fund managers have had in fulfilling their promise to outperform in rockier markets - and the implications of that. ft.com/content/621d51…
There's now north of $12tn in index funds and ETFs, after a decade of breakneck growth.
Even that underestimates their heft. BlackRock estimated in 2017 that there is another $6.8tn of institutional or internal indexed strategies just on the equities side, so we're almost certainly talking well over $20tn in total now. blackrock.com/corporate/lite…
Read 19 tweets
Robin Wigglesworth Profile picture
8 Nov
Since I know that what everyone *really* wants right now is the take of financial analysts, I’m going to share some of the first notes to hit my inbox. First up is Goldman Sachs, which thinks Biden will still get a $1tn stimulus package despite GOP-controlled Senate.
Here’s Oxford Economics, which warns that Biden is inheriting a “frail” economy.
SEB also thinks a $1tn stimulus package is coming, but expects the biggest change to be on the international arena.
Read 5 tweets
Robin Wigglesworth Profile picture
10 Sep
We recently revealed Masayoshi Son's SoftBank as the "Nasdaq Whale" that created a splash in the US options market, and contributed to the summer stock market melt-up. But there are millions of "Mini Masas" that in aggregate likely dwarf its impact. ft.com/content/b330e0…
As the previous chart shows (a massive thanks to @jasongoepfert for the data), the volume of call premiums being traded in small retail-sized lots (10 contracts or less) has gone absolutely PARABOLIC lately.
@jasongoepfert Here is the share of small US equity options lots as a % of the whole market. Absolutely wild.
Read 5 tweets
Robin Wigglesworth Profile picture
1 Sep
High-growth stock valuations elevated, but far from the extremes seen during the dotcom bubble, Bernstein notes.
Very profitable companies tend to stay very profitable for longer than they did in the past as well.
Buybacks has been the biggest prop to equity demand over the past decade, but ex-tech buybacks are now outpaced by equity issuance.
Read 4 tweets
Robin Wigglesworth Profile picture
2 Jul
On June 12, Alex Kearns, a young student, took his own life, after believing that he had lost over $700,000 trading options on Robinhood. I’m glad that the FT has made our big piece on it free to read, but here is a long thread on my thoughts. ft.com/content/45d0a0…
But first of all, mental health is a serious issue that still wrongly carries some kind of stigma. Please, if you ever feel down and need help, don’t button it up, reach out to someone! Hell, even DM me. It helps to talk. Here is more info:
Ok, like many others, I’ve laughed at the memes – Daddy Powell! BTFD! and the bombast from the likes of Portnoy. Hard not to be amused at someone telling Warren Buffett to GTFO because “I’m the captain now”.
Read 24 tweets
Robin Wigglesworth Profile picture
19 Jun
Going to tweet some of the eye-catching charts in the latest note from Goldman Sachs's chief global equity strategist Peter Oppenheimer, where he argues that the coming era will be "fat and flat".
Passive funds have enjoyed enormous tailwinds lately, and now account for over half of all equity AUM in the US.
Falling bond yields have led to valuation expansion (you're willing to pay more for stocks when rates are low), which has been a huge contributor to equity returns since the GFC.
Read 9 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get email notifications when new thread is out from this Author!

Check out other threads from this Author!

Read all threads by @RobinWigg