Friday’s market action was not what most expected given the news that we got……GDP, while not that much worse than expectations, was by no means encouraging for those hoping that we are not heading into …
Continue readingEurope
Europe’s strong showing this morning, after Asia’s generally mixed closed has helped our futures, now up almost 1.75%, after Friday’s near closing low of this cycle. Brent crude is down 3%, while WTI Crude is …
Continue reading
This seems like it will be a make or break type week for world markets as everyone will be looking to Europe for any type clarity on the debt and banking situations there. In the …
Continue reading
Oh well, with the S&P futures down 2.5% as I write at 9:20am lead by the usual concerns out of Europe focused on sovereign debt, bank capital ratios etc etc……. the DAX as expected is the hardest hit major …
Continue reading
Yesterday’s close above 1200 in the SPX was fairly constructive by most accounts, capping off a little more than a 9% rally off last weeks lows. I think it is fair to say that …
Continue reading
Lets go to the charts. As the S&P 500 (SPX) is trying to find a bottom, its my view that technical analysis could be very instructive. After spending the better part of this past year banging around between 1250 and …
Continue reading
WSJ Economics: 7:00 a.m. ET: We get weekly mortgage-applications data from the Mortgage Bankers Association. Low rates, no takers. 10:00 a.m.: Wholesale sales and inventories for June. I fell asleep for a moment there. 10:00 a.m.: …
Continue reading
Even-though the debt ceiling debate was a full on side-show, and the result was a forgone conclusion, the drama merely drew attention from the continuing troubles in Europe and the weakening pace of our own …
Continue reading
Stubbornness in the face of a very certain discipline didn’t end well for “Cool Hand Luke” and will most certainly not end well for our elected officials in their politicking for a deal on the …
Continue reading
Since breaking and closing above 1350 on July 7th, the SPX has had a bit of a rough ride, giving back about 40% of the move off of the June bottom. The same reasons why …
Continue reading