Economic data in the U.S. is relatively light, with only a few relevant releases: retail sales on Tuesday, PPI on Wednesday, CPI on Thursday, Philly Fed on Thursday, and Housing Starts and Building Permits on …
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There is a much lighter economic calendar this week compared to last week. The main event is the ECB rate decision on Thursday morning at 7:45 am EDT. Stateside Janet Yellen will be testifying before …
Continue readingMorningWord 3/28/13: Enis posted a couple great charts this morning in his MacroWrap on the SPX and what its eventual break above new highs could mean (read here). The powers that be, really want to …
Continue readingMorningWord 3/27/13: The breadth of the rally has been declining all year as measured by the NYSE New Highs, charted below (a series of lower highs and lower lows): [hr] MorningWord 3/26/13: Back in …
Continue readingMorningWord 3/26/13: Back in late September when YHOO was trading ~$16, and prior to its 45% rally to almost 5 year highs, we thought the stock was cheap on a sum of the parts basis, …
Continue readingMorningWord 3/25/13: Last Monday, at this exact time I sat down to pen this piece and I suggested that the down 1% opening on the flare up was a “Treacherous Set Up For Bears, $SPX = Flight …
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