JP Morgan Earnings

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This week is going to be heavy on financial sector earnings. It will be interesting to see how the market reacts to Wall Street’s earnings in the face of their battle with the DOJ. The market started coming under pressure yesterday and if we continue to see pressure into the early part of the earnings Read more…

Earnings Season Kick-off!

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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…

JP Morgan and MCD Earnings

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Have we made it through the political tunnel of horrors? So far it seems so. The Taper, which initially brought concern to the market, was averted (as expected) and now with the new Fed Chairman we could very well see the QE money printing increase. I don’t see any signs of a Taper in the near Read more…

Bank Earnings – JPM / WFC

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The market had a huge rally yesterday; it was as if it was telling the President, “Take the Deal!” I wrote last week that the Republican’s strategy should be to raise the debt ceiling first, to get that OFF the table, and to pass it clean. That removes the biggest concern and most of the Read more…

Earnings JPM & WFC

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The market rallied and pushed right up into, and in some cases above, those resistance levels. The big driver yesterday came from Bernanke’s speech after the market close on Wednesday. As I mentioned, there was something in his speech for everyone. First,they are kicking the taper can down the road from 2013 to the first Read more…

Retail Sales, JPM, WFC

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The indices moved a little higher yesterday, but cautiously so. We are still at the start of earnings season and after the rather big jolt higher, some are wondering (of course) if we haven’t stretched our necks a little too much. There is some more economic data yet to come out, including Retail Sales, which Read more…