Alcoa kicks off “official” Q3 earnings season next week, reporting on Oct 9th, after the market close. Q3 earnings is where I expect this market to separate the wheat from the chaff. The macro data …
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With U.S. markets less than 10% from all-time highs, some commentators get incredulous because the state of the country feels much worse than 5 years ago. The trend growth rate of U.S. GDP seems permanently …
Continue readingMorningWord 8/8/12: Since the “Draghi Whatever it Takes” bottom on July 26th, the DAX is up more than 10%, the SPX up 4.7% and the Shanghai Comp 2%. With much focus of late on the …
Continue readingMorningWord 8/7/12: A year ago this very week, the SPX concluded a peak to trough draw-down of nearly 20% that started in early July largely related to Europe’s Sovereign debt crisis but quickly morphed into a U.S.-centric issue focused on slowing domestic growth and …
Continue readingMorningWord 8/6/12: The re-test of 1400 certainly seems in the cards this week, as the champagne corks get pulled and everyone starts toasting each other again. But all is not well in the world. There …
Continue readingMorningWord 8/3/12: Kind of feels like we are in a bit of a “Goldilocks” situation at the moment where bad news is good news and good news is good news for equity markets. There is …
Continue readingMorningWord 8/2/12: As an aging trader who started in the business in the mid/late 90s, I have seen my share of bubbles emerge and then pop. When I was just a lad in the 90s, …
Continue readingMorningWord 8/1/12: Market sentiment is a weird thing, most of the time it does not exactly correspond with where the market appears to be heading or be indicative of the price action to come, …
Continue readingMorningWord 7/31/12: As we turn the page on July, and as we start to look downhill on what has already been an interesting 2012, I think it is important to recognize a pattern that has …
Continue readingMorningWord 7/30/12: Not sure if I used that hashtag thingy right in the title, still trying to figure that whole thing out, but while many of us were busy watching the really delayed, “Live” opening …
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