Bloomberg European leaders racing to prevent their week-old debt crisis strategy from unravelling convene emergency talks today to tell Greece there is no alternative to the budget cuts imposed in the bailout plan. Greek Prime …
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Bespoke The S&P 500’s 22.86 point gain today put the index above the 1,230 key resistance level that it had been struggling to break above for the past few weeks. As shown below, the index now has …
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Next Week’s Tape: Early Peek at September Data Next week’s tape is fairly heavily loaded on the back end, with some early readings on how well/terribly things are going in September. Economics: Monday Dallas Fed …
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WSJ Economics: 7:00 a.m. ET: MBA mortgage-applications data. Are low rates causing a stampede to the mortgage broker’s office? 8:30 a.m.: PPI for July. Economists think wholesale prices were UNCH after falling 0.4% in June. …
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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 …
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Jay Pelosky, an old friend and Principal at J2Z Advisory, LLC, an investment strategy consultancy and former head of Morgan Stanley global asset allocation research, is my crutch when it comes to all things macro …
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WSJ Economics: 8:30 a.m. (All times EDT): Jobs getting better? We’ll find out this morning with the weekly report of Initial Jobless Claims. Economists expect 405,000 fresh claims, preciously close to the crucial sub-400K level. …
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