I’ve opined in this space before about the historical value of watching how cyclical sectors are performing vs. defensive sectors as a gauge of overall risk appetite. The new highs in the S&P 500 have …
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Dan and I have been debating the merits of the Staples sector for the past week. Dan’s been harping on the recent weakness of some of the former darling safe haven names, like KO or …
Continue readingDefensive stock A makes a new high. Defensive stock B makes a new high. Defensive stocks A and B both make a new high. That’s the gist of the new high headlines over the past …
Continue readingMarkets were quite resilient yesterday following the Bernanke commentary. It reminded me of the initial reaction to the FOMC announcement on June 20th. Prior to that meeting, there were some who expected a QE3 announcement. …
Continue readingMarkets were quiet again overnight, though risk-on picked up a bit during the European session as peripheral sovereign yields moved lower for the second straight day. SPX futures are indicating a 0.4% higher open, the …
Continue readingThe news that dominated the trading day yesterday was the central bank coordinated action headline from Reuters. It was an otherwise quiet overnight session, with Asia and Europe following the U.S. rally higher. As usual, …
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