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 …
Continue readingUS
WSJ Economics: When we’re not freaking out about Europe, we’ll glance momentarily at: 7:30 a.m. ET all times: We get the NFIB small-business optimism index. Small businesses create approximately 147% of all the jobs in …
Continue readingAlcoa met or just missed its earnings per share estimate of 32 cents depending on who you ask. Consensus estimates were about 32 or 33 cents a share. More importantly, this is a bigger miss …
Continue readingDan hinted a little about this in his earlier post on the Nasdaq Composite‘s tendency to overshoot, and I wanted to follow up on it a little bit. One of the reasons you won’t see …
Continue readingDShort The S&P 500 finished the day up 0.54%. The index is now up 1.65% year-to-date but down 6.25% from the interim high set on April 29. From an intermediate perspective, the index is 89.0% …
Continue readingSeeking Alpha Today’s Markets In Asia, Japan +0.7% to 9443. Hong Kong -0.3% to 22869. China +0.6% to 2746. India +0.4% to 18496. In Europe, at midday, London +0.2%. Paris +0.6%. Frankfurt +0.7%. Futures at …
Continue readingThis morning, after another batch of really crummy economic data was released, I asked, somewhat rhetorically, on Quick Hits: Jun 1 2011, 10:13 AM CC: How long can the market shrug off what clearly looks …
Continue readingS&P Futures 1323.2 – 2.40 (Last Updated 09:04:07 AM) Business Insider Along with all of the weak macro data (spending, consumer confidence, you name it), inflation just keeps getting worse in the UK. Even core …
Continue reading