Dshort The S&P 500 spent the day wallowing in shallow red ink, but a rally at the close nudged the index into the positive territory for a fractional gain of 0.07%. The week tells a …
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Reuters U.S. holiday season sales were expected to rise 3.8 percent to a record $469.1 billion, the National Retail Federation said, slower than last year’s growth but stronger than its preseason forecast. The potential brisk …
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I have gotten a few questions from readers who have gotten a little turned around with the market moves of the last week. Given last week’s strong performance and what appeared to be an agreed …
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Here’s a roundup of some macroeconomic bloggers discussing their disappointment in Operation Twist and Fed policy in general as not being nearly aggressive enough for the situation at hand: The Money Illusion Memo to …
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It seems like markets reacted more to the language in the Fed’s “Operation Twist” announcement than the operation itself. Bloomberg The Federal Reserve will replace $400 billion of short-term debt in its portfolio with longer- …
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Tomorrow’s Tape: All About the Benjamin (Bernanke) Economics: 10:00 a.m. ET: The nation’s realtors let us know about existing home sales in August. Economists expect a small gain, reversing a decline in July. 2:15 p.m.: …
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Next Week’s Tape: Fed Up Economics/FedSpeak: Monday NAHB housing index for September Tuesday Weekly ICSC-Goldman chain-store sales August housing starts and building permits Weekly Redbook retail sales Day One, FOMC policy meeting Wednesday Weekly MBA …
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DShort The S&P 500 finished the first day of the week with a twelve handle at 1210.08, a 2.83% advance from Friday’s close. The final volume numbers aren’t in as I type this, but a …
Continue readingWell, the sky is most definitely falling and the only things up across the whole world is Gold (not unexpectedly making new all time highs), the Swiss Franc and the Yen. Asia took the whole …
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The S&P 500 futures are up 75bps as of 9 am, and more importantly up ~3% from their overnight lows…..Most European indices have rebounded off of their worst levels with the DAX still down 1% …
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