Latest news with #CharlieMcElligott
Bloomberg
7 days ago
- Business
- Bloomberg
Wall Street Games Out How to Profit From Trump Tariff Flip-Flops
As trade worries bubble up once again in US markets, some on Wall Street are gaming out how to take advantage of the wild tariff-related selloffs and rallies that have defined the first five months of 2025. A study by Nomura strategist Charlie McElligott published last week showed that betting against S&P 500 futures every time President Donald Trump escalated trade rhetoric and buying them five days later would have yielded 12% since the beginning of February. By contrast, simply holding the benchmark index would have left an investor virtually flat in that period — after a series of stomach-churning stock swings. Other investors have worked out similar plays, based on the notion that the pattern of escalation and resolution that has thus far characterized the trade war will continue.
Bloomberg
21-03-2025
- Business
- Bloomberg
Lots More With Charlie McElligott on the Sharp, Strange Selloff
Listen to Odd Lots on Apple Podcasts Listen to Odd Lots on Spotify Subscribe to the newsletter Last week, the US market sold off sharply. The S&P 500 fell as much as 3.6% on Monday alone, entering technical correction territory. Momentum trades were hit particularly hard and stocks that had been winners for years suddenly became losers, while ones that had been losers suddenly outperformed. Perhaps the strangest thing though, is that volatility didn't really surge as things sold off. The VIX — sometimes called Wall Street's "Fear Gauge" — went up, but it didn't even reach levels that we saw in 2024 or 2022. So what happened? And why was the selloff so short and kind of strange with the lack of vol? On this episode, we speak with Charlie McElligott, Nomura strategist, about what exactly has been happening.
Bloomberg
10-03-2025
- Business
- Bloomberg
Nomura Sees Low Risk of S&P 500 Crash as Investors Cut Exposure
The S&P 500 Index 's controlled decline is reducing the odds of a wider market meltdown, according to Nomura Securities cross-asset strategist Charlie McElligott. The CBOE Volatility Index has risen about 10 points since late February as the S&P 500 sank 6%. However, the increase in volatility was gradual, rather than the sudden spike seen in August and December.
