Asian Stocks Mostly Lower, Led by China – The Shanghai Composite closed down 2% after a steady drip lower from open to close. Chinese Foreign Direct Investment was only up 0.6% year over year (vs. …
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Larry Summers withdrew his name from the Federal Reserve Chairman pool on Sunday afternoon New York time. Classic risk-on price action has ensued in the overnight session. Larry Summers Won’t be Fed Chairman. After months …
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MorningWord 7/12/13: Just a few minutes ago, UPS pre-announced a worse than expected Q2 and guided down the full year eps about 5% below consensus estimates. While the press release is short (here) as the …
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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 …
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Friday was just one of those days in the markets where there was a little something for everyone……..the anticipation leading up to the Fed Chairman’s speech in Jackson Hole was one of those events that …
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