Lethargic Citigroup

Posted on: by .

Earnings season is underway and the initial stories seem to be that of managing costs as top-line revenue and sales continue to see tepid growth. The big picture continues to be the division between emerging market growth and Western debt inflation. The good news is that the number of consumers and their incomes continue to Read more…

Stress Test?

Posted on: by .

The market continues to struggle to push higher and the broader indices came under pressure yesterday. The VIX is still pricing in an either/or scenario. If we solely listen to politicians and Keynesian leaning economist, the economy is recovering and everything is great, but is it? Stress Test? I have previously been critical of the Read more…

Earnings and Best Buy!

Posted on: by .

The market rallied back up from the recent sell-off and we seem to be range bound for now. Is the marketing waiting for more definitive earnings or are we waiting for the tone the Federal Reserve will take with their monetary policy going forward? I think it could be a little bit of both and Read more…

Earnings Season Kick-off!

Posted on: by .

The market has been stalled since the beginning of the year. There was hope that the Labor Report would drive some clarity into the market (good or bad), but that didn’t happen. Instead, we received a rather convoluted report, with an amazing drop in unemployment and horrible job creation. I showed how it didn’t make Read more…

Earnings JNJ, KO, C

Posted on: by .

There is another hint at a deal in Washington. Please, these false starts have generated so many penalties yards that they are going backwards. While I do remain optimistic that a deal will get done and that it will come, as per usual, in the 11th hour, I also have a slight feeling of dread Read more…

Citigroup Earnings

Posted on: by .

Are you ready for the break-out higher? We are sitting at those resistance levels and are looking stronger in the pre-market this morning. While we do have some big events in the next couple of weeks, first look at the 2nd quarter GDP and the July FOMC meeting at the end of month, for now Read more…

Strength in Equities

Posted on: by .

We continue to inch higher and wait for another shoe to drop, but so far nothing has. We do know that two storms are brewing on the horizon (sequester and debt ceiling), but for now we ignore them. We are seeing some intra-day volatility which has created more head fakes of possible break-outs higher or Read more…