Jobless Claims and GDP

Posted on: by .

The market was initially under pressure yesterday, primary due to the very weak Italian bond. However, as the trading session progressed, the US markets began to rebound and make back much of the intraday losses. The quarter is coming to an end and that could further boost the market for quarter-end marking. Then we jump Read more…

Economic Data Confusion: Durable Goods & Housing

Posted on: by .

Yesterday the market looked strong in the morning, but by the noon session it had given up. I strongly believe this market wants to go higher and the global emerging market story continues to show top line growth. The problems, however, lie in the US political stalemate, the Japanese Yen devaluation and Europe‚Äôs sovereign debt Read more…

Clock is Ticking for Cyprus

Posted on: by .

The market has been slowly losing ground at these lofty levels. There had been thoughts that the confirmation that the Fed would continue with their monetary policy would be enough to give this rally more legs; however, it looks like that was already baked into the market. The Cyprus story is now stealing the financial Read more…

Currency War Heats Up

Posted on: by .

The market had priced in the expectation that the Fed would keep the money printing machine going and interest rates at zero. Bernanke confirmed those assumptions. The market came off their morning highs, but got another jolt higher during Bernanke’s press conference when he stated he did NOT see a bubble in the equity markets. Read more…

Political Shocks & the Fed

Posted on: by .

The market has seen a little volatility at these levels with Cyprus, this week’s Fed meeting and other, more politically driven, news. We continue to live in a world where geopolitics drive market reaction far more than the soundness in the fundamentals of business. At any moment a bailout or bankruptcy can send the market Read more…

Fed’s FOMC Meeting

Posted on: by .

The market saw significant intra-day volatility. The initial knee jerk reaction was one of panic and it clearly showed how even the most remote and localized story can have ripple effects across the global markets. We have become numb to the billions and trillions in bailouts and, so far, printing money and paying off the Read more…

Cyprus Rocks Markets

Posted on: by .

The markets have been heading higher and ignoring the silly Italian election, the upcoming sequester, conservative earnings forecasts, and other unstable and volatile geopolitical and economic situations. As pointed out, a big part of the recent rally has been fueled (or forced) by the Federal Reserve’s monetary policy (buying bonds). The question remains, what catalyst Read more…

Inflation – CPI Data

Posted on: by .

The Dow Jones has now hit a 10-day winning streak, can we go 11 days? Yesterday’s weekly jobless claims came in better than expected and that helped give the market a boost at the opening which continued throughout the trading session. This morning we get a look at inflation, via the government’s Consumer Price Index Read more…

    Older Posts >>