Empire Manufacturing

MorningWord 7/17/12: In Enis’s Macro Wrap this morning he mentioned the unusually long period of low volume that we are experiencing in the equity markets. Low volume does not signal conviction, and when spot VIX …

MorningWord 7/16/12: Friday’s explosive rally in U.S. equities, in my mind represented a massive sigh of relief that JPM CEO Jamie Dimon on their Q2 conference call Friday morning did not drop “a bomb” on the investment community …

MorningWord 7/13/12: I have to assume most China watchers were a bit disappointed with the nations’s Q2 GDP print reported overnight, only missing expectations by 1/10th of a percent to the downside.  Economists had been looking for …

MorningWord 7/12/12: Technology shares, primarily in the U.S. have been the fascination of investors (both institutional and retail) the world over it seems for the last 15 years.  Tech shares, usually driven by the most …

MorningWord 7/11/12: Yesterday’s disaster du jour was CMI, Cummins Inc, which is a diesel and natural gas engine manufacturer that has long been considered one of the poster children for the global growth story. The U.S. makes up less …

MorningWord 7/10/12:  Market participants like to focus on #s, whether they be GDP, ISM, unemployment rates, or in the case of single stocks, previous highs and lows to name a few.   Equity market participants the world over like (ok …

MorningWord 7/09/12: As Enis mentioned in this morning in his MacroWrap, volume was anemic last week, and aside from the move in the Euro/USD (making fresh 52 week lows), there wasn’t a whole heck of a …

MorningWord 7/05/12:  There is lots going on this morning, and I not exactly certain there is anyone here in the U.S. is here to witness the rash of Central Bank action from Beijing to London (and Brussels in …

MorningWord 7/03/12: To state the obvious, there is not a whole heck of a lot going on this morning.  Most market participants have likely checked out till Thursday morning at the very least and possibly …

MorningWord 7/02/12:  As many of you know, Traders are creatures of habit and often times drawn to make decisions that are influenced by history, with the calendar providing some framework.  As a kid I was a big fan of Simon and …