Is this morning’s June non-farm payrolls print of 287,000 as much of an anomaly as last month’s May print of 38,000? Probably, which is why forecasters and pundits smooth out the data. In the first quarter …
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Ummm, I suck. Yesterday I started my morning post (Cause I Don’t Want to Be… Anarchy) with a confession, and an apology: Confession: Not for a moment in the last couple months have I seriously considered …
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No matter what you think global stocks should do on Brexit referendum results, European stocks have already factored in a higher likelihood of a Remain vote. The rally in the past week has them nearly …
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I have a confession and then an apology to make to RiskReversal readers or those who watch my market commentary on CNBC. First the confession. Not for a moment in the last couple months have …
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Last year we spilled a decent amount of ink on these pages about the unhealthy breadth situation in U.S. stocks, with a dozen or so mega-cap stocks masking poor performance from thousands of others. This …
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The first thing I read this morning was a Bloomberg preview of Fed Chair Yellen’s speech today at 12:30. It was titled: Yellen Speech May Offer Little Clarity After Vagueness Paid Off. I obviously have no …
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The ECB did what it did. Lots of peeps more tuned into macro than moi are parsing through it, but equity markets are ripping, with the Euro Stoxx 50 up 3.5%, the DAX up 2.5% …
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Since Friday morning’s September jobs data the S&P 500 futures are up about 3% (including this morning’s 70 bps gains) as investors celebrate unexpectedly bad economic data. This morning, European equities are ripping (the Euro …
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The term “investment bubble” has different connotations to different people. Those with cash to invest in known bubbles welcome them, as there are few investment environments that offer the potential of asymmetric short term returns …
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News Flash: The S&P 500 (SPX) is very near another breakout to new all time highs, and if recent history is any guide this occurrence should happen fairly soon: But, after three and a half months …
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