Friday’s tragic events in Paris punctuated what has been a very bloody couple of weeks at the hands of ISIS. First on October 30th with the downing of a Russian commercial flight from Egypt, killing all 224 people …
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MorningWord 9/23/13: The new high in the SPX on Wednesday as a result of the Fed’s decision to stay the course with QE seemed fairly silly when you consider the reason for the Fed’s inaction; …
Continue readingMorningWord 9/20/13: No matter what your view as to why the SPX broke out to new highs, the actual occurrence is nothing short of impressive from a pure technical perspective. While a runaway breakout …
Continue readingWith the SPX making new all time highs and near euphoria that the Fed not pullback on asset purchases I think this will ultimately be perceived as negative, as the Fed does not feel the …
Continue readingSPX futures made a new overnight high, implying a new all-time high for the S&P 500 index if the market opens where futures are currently trading. The bull market rally since the March 2009 low …
Continue readingEquity markets were quiet, while currency and commodity markets were a bit more active. Asian Equity Markets Are Subdued – The largest move in either direction for the major indices was the 0.9% decline in Indian …
Continue readingOn Monday I laid out a short thesis why IBM, a large cap U.S. multinational that has lagged the broad market and its peers, possibly due to its heavy revenue exposure overseas could benefit from …
Continue readingObama’s speech last night was the headline event in an otherwise quiet overnight session. President Obama Delays Congressional Vote on Syria – This was expected after Syria’s acceptance of Russia’s offer to hand over its chemical …
Continue readingThe VIX has been all over the place today as the market opened higher, sold off hard on the combination of technical resistance combined with Syria/Russia headlines only to quickly find buyers and be back …
Continue readingI am no economist, and certainly no expert on China, but the recent sprinkle of better than expected manufacturing data has caused many market participants to summarily dismiss the dreaded hard landing scenario for the planet’s second …
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