Friday’s rally in the SPX was fairly impressive for a couple of reasons; first it was the greatest % gain of the five day rally and second although it came on a Friday before a long holiday …
Continue readingWSJ Economics/FedSpeak This Week Tuesday May Manufacturers’ Shipments, Inventories & Orders Wednesday Weekly MBA Mortgage Applications Survey Weekly Johnson Redbook Retail Sales Index June ISM Non-Manufacturing Index Thursday June ADP Private Payrolls Forecast Weekly Initial …
Continue readingThere has been a lot of noise surrounding BAC of late…..largely to do with unhappy buyers of mortgage securities sold by the bank pre-financial crisis and a very large settlement that one very large shareholder …
Continue readingThe strength of the rally this week is something we haven’t seen in a long time, as far as volume and breadth. The fact of the matter is traders got caught going the wrong way …
Continue readingSeeking Alpha Today’s Markets In Asia, Japan +0.5% to 9868. Hong Kong closed. China -0.1% to 2759. India -0.4% to 18763. In Europe, at midday, London +0.4%. Paris flat. Frankfurt +0.1%. Friday’s Economic Calendar Auto …
Continue readingWSJ 9:55 a.m. ET all the time: Come and get your final University of Michigan consumer sentiment index for June. It’s expected to fall because consumers feel lousy. 10:00 a.m.: Now that Chicago PMI has …
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