White House officials indicated last night that President Obama is set to announce Janet Yellen as the new Federal Reserve Chairman nominee. She is expected to be confirmed in the Senate. Markets took on a …
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Asset prices for the most part are little changed from where they were as U.S. traders left their desks yesterday. Not much progress on the U.S. political negotiations, which continue to dominate the headlines. Asian …
Continue readingJohn Boehner made clear over the weekend that a clean debt limit bill would not be brought in the House. As a result, the market awaits further negotiations around the government shutdown and the debt …
Continue readingOvernight price action in SPX futures had its tightest range of the week, and most Asian and European equity indices moved less than 1%. Asian Indices Mostly Lower, Japan Again Weakest – No major economic data …
Continue readingOvernight price action in SPX futures similar to the last few days. After no progress was made on the government shutdown after talks between the President and Congressional leaders, futures leaked lower, though off their …
Continue readingAfter yesterday’s global rally, the second day of October has brought out the sellers. Asian markets almost all opened green, but SPX futures started moving lower shortly after midnight EDT, and were hit particularly hard …
Continue readingIt’s a jam-packed holiday week ahead. Despite the July 4th holiday on Thursday (and Wednesday a half-day as a result), there is a plethora of data and events throughout the week. So far overnight, S&P …
Continue readingMorningWord 5/3/13: The financial fate of the planet is now known, the April Non Farm Payrolls number came in at 165k with the unemployment rate ticking down to 7.5%. Plus, the U.S. fed told us …
Continue readingMorningWord 5/2/13: We spent a bit of time looking at FB heading into their Q1 print last night (here) and after debating all of the qualitative and quantitative inputs we use to arrive at a direction view for a …
Continue readingMorningWord 5/01/13: Investors are desperate for yield, I get it, that’s why 3 of the strongest sectors in the S&P ytd have been Healthcare, Staples and Utilities. We have heard this again and again but as many of the components of these sectors …
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