MorningWord: 3/5/12: The real story last week was the divergence between large and small cap stocks, the Russell 2000 closed down about 3%, while the SPX gained about 30bps. Chart below displays this divergence fairly clearly while also …
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MorningWord: 3/2/12: U.S. equities continue their resilient tone, closing yesterday at new 52 highs after shaking off the previous day’s late afternoon jitters. Gold rebounded slightly, as crude rallied a touch along with the U.S. …
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We’re starting a new occasional series where we look at a recent trade and analyze what went into the pricing and how it played out. We think this will be useful as an educational tool …
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There’s been a lot of talk this morning on the massive percentage of of the December job growth shown this morning amongst the “Couriers and Messengers” portion of the report. This is one of those …
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MS has clearly been the punching bag of choice for U.S. bank/brokerage stocks as a sort of proxy for the troubled weaker capitalized banks in Europe. Frankly, while i have been short banks and the XLF through …
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MorningWord: 9/29/11: S&P futures are trading near the highs of the overnight session on better than expected GDP and lower than expected Jobless Claims coupled with a mildly positive German Parliament vote in favor of the Euro …
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Yesterday’s late day collapse, with today’s inability to hold the morning gains only to collapse for the second afternoon in a row may be the nail in the coffin for this trading range we have …
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MorningWord: 9/28/11: Yesterday’s rally of 2.8% in the SPX was fairly impressive until about 2:30pm when they turned on a dime and spent the next hour and a half giving back two thirds of the …
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MorningWord: 9/27/11: Up was the preffered direction overnight…..To say equity markets the world over are raging is an understatement…..The DAX is up 4% as I write at 8am capping a 3 day rally off of …
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MorningWord: 9/26/11: Our futures had a wild night, up 1% out of the gate, then down 1% now up 1%…..European markets are raging, up 2-3% across the board as their is greater confidence that European …
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