Global Shipping

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With the Friday holiday and the disappointing Job numbers, the market had to wait until yesterday (Monday) to respond. Initially the market was under an extreme amount of pressure as I wrote the Market Preview. However, by late morning the Fed made a statement that it would remain accommodative (implying no rate hikes or other Read more…

Consumers

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The market is holding up very well as it looks like nothing has changed as far as monetary policy. Additionally the geopolitical landscape remains at a simmer for now. We will be getting the highly watched labor report and one should continue to expect improvements. The jobs data could even help push this market higher Read more…

M&A driver

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Dow Jones 17,000 and S&P 500 at 2000? That seems very likely and if the Fed Credit Freight Train continues down that track we should be there this week. However, how long can we (the Fed and ECB) continue to shovel money into the the Freight Train boiler to keep this train roaring? I am Read more…

Earnings and Mergers

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We saw some intraday volatility yesterday as the market continues to push and test these resistance levels. No doubt the economic data as well as earnings is also playing a role in the volatility, of course we also have some international political volatility with some terror threats as well as the outbreaks in Kiev, which Read more…

Comcast and Time Warner Merger

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Is the Yellen rally over? Remember, these short-term daily moves in the market are not driven by any major shift in fundamentals, but rather events that shape the mood of the market. Yellen’s remarks and Q&A session with Congress clearly came across in a very dovish tone and that she would continue to lead the Read more…

Earnings Season Winds Down

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Over the last couple of weeks we have seen a lot of economic data, but for the most part the markets have been quiet. The data heading into the unemployment rate was better than expected and boosted market optimism, but then the monthly Labor Report came out weaker than expected and the optimism quickly cooled. This Read more…

Online Poker and a Shandy?

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It looks like the brief market panic last week (brought forth by assumption that the Fed may start “tapering” their asset purchases) ended on Friday as the market rallied into the close. This morning the futures are looking strong and are expected to open up higher, bouncing off those short-term supports. I am still of Read more…

Earnings: MCD, GE and Rumors at PEP/MDLZ

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The market fell a little further yesterday, with some of the indices breaking below supports; however, the INDU and, more importantly, the RUT held above those support areas. Could we be putting in a bottom after the recent sell-off? I am not sure, but Gold seems to have found a support level and is moving Read more…

Earnings Season

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We are about to kick off earnings season, which we can hope turns around the negative economic data that summed up the first quarter. The solid rally in the equity markets during the 1st quarter, buoyed by Fed monetary policy which propped up bond market, had ignored Europe’s, North Korea’s, and even Japan’s first salvos Read more…

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