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Continue reading →: European equities seem to offer relative value, but that’s a trapUsing the S&P 500 (SPY) as our reference, we get several positive value indicators for the STOXX 600. China and the US are at the forefront of the tech race. Europe has fallen behind very significantly. For that reason, European equity indexes will perform structurally worse than their US counterparties.…
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Continue reading →: Trump is playing the stock market, and that ought to end in tearsTrump has been dropping trade bombs on the rallies, and pumping hope on the selloffs. So far, it has resulted in a collar. Trump defines the cap, while the Fed provides the floor. However, soon or later when, the majority of market participants get the trick, the beast will break…
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Continue reading →: Baidu in a glanceBaidu (BIDU) is presently going through a bearish phase, mainly due to: i) The trade war, ii) Macro slowdown in China, iii) Mounting competition in the Chinese internet sector. That has led to an increase in short sellers, which resulted in a price slump. Graph 1 – Percent of shares…
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Continue reading →: Trump’s trade war isn’t a sign of strength, it’s the oppositePhoto credit: Richard Mortel After World War Two, the US was the chief creditor nation of the world. Before the war, the country had a minor role in establishing the world order. However, after the war, the US enjoyed a stable political landscape, the most advanced technology, intact infrastructure back…
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Continue reading →: Minsky Moment: The instability is acceleratingAs I’ve written before, stability in the economy, and in the financial markets, breeds instability. That screenplay has been used over and over again throughout history. We might say that one specific event changed everything, but that was just the match, the barrel of gas was already there, ready to…
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Continue reading →: Time to be greedy: Tapestry is nearing its lowest level in a decade(Photo credit: Mike Mozart) For investors used to follow this stock, it might seem unbelievable, but the share price of the home company for the Coach brand is nearing its decade lows. Graph 1 – Tapestry stock price (2009 to present) (source: Yahoo Finance) For those keeping track of the…
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Continue reading →: The competition has just made Proto Labs cheaperI have recently written about Proto Labs for SeekingAlpha. Making a long story short, I see Proto Labs (PRLB) as a cloud manufacturing company. It has a huge amount of manufacturing capacity concentrated in its locations, and it uses a digital thread to allow customers to manage the production process.…
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Continue reading →: Elon Musk’s play-book has lost its shine for Tesla investorsLast year, I wrote an article where I argued that to understand the chances of Tesla surviving the production hell, you had to look at previous Musk ventures. The idea revolved around the fact that Elon had, in the past, used a common play-book where he re-engineered processes and products…
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Continue reading →: How does Gold really work?Gold (GLD) is seen, by the investment community, or even by society’s common sense, as a great hedge for uncertain times. However, the reason why this happens is not entirely understood. People tend to see gold as a safe-haven. Something that never loses its value, and however, that has not…
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Continue reading →: Notes on Friday’s meltdown: Don’t let it fool youTo my best knowledge, and years of experience in the markets, the Friday unnerved session is just that, an anxious day after what seems to be a U-turn by the Fed. I am an old-school macro-guy. That means that when the Fed signalizes a dovish stance, I see it as…
Hi Fren,
Pepe Maltese
I used to trade inside the machine. Now I just raid it.
I publish two high-conviction setups daily — one momentum, one turnaround — filtered through tape structure, volume shifts, and misaligned narratives.
Some of these turn into full trades. A few evolve into deeper stories. The rest get cut.
This isn’t education. This is intelligence.
I don’t run ads. I don’t sell dreams. I track price, watch structure, and call bullshit when the story breaks.
Follow the setups. Fade the noise. Stick it to the man.
Let’s connect
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