Tuesday Roundup: Tuesday saw global stock market add to their recent gains. Investors treated the news emanating from Europe to be either benign or favorable. Germany’s government and Bundesbank hinted that ECB’s plan to buy bonds will not be a problem. This was enough for the European markets to continue to believe that ECB will…
Here is what I am reading: India’s Wilting Crops Tarnish Gold (The Wall Street Journal) Expect a 5% rally going into the election (MarketWatch) ‘Flash crash’ rules made Knight keep bad trades (MarketWatch) Volatility is Not ‘At the Lows’ (Dragonfly Capital) Retail Investors and the Stock Market (The Aleph Blog) re: This Bullsh*t Rally (The…
Monday Roundup: Global markets continued their upward march started by the encouraging US payroll report on Monday. North American stocks closed off their best levels of the day and the volume was lower – 75% of Friday’s level for DJIA. US indices raced out of the gate at the 9:30 AM open and then plateaued at their…
Here is what I am reading: Orders and Production: No Time for Complacency (Mauldin Economics) Goldman Sachs’s MIST Topping BRICs as Smaller Markets Outperform (Bloomberg) Has CNBC Lost its Mojo? (A Dash Of Insight) Stocks regain upward bias (MarketWatch) Follow the Money: 5 Extremely Cash-Rich Stocks (Minyanville) The Lead-Lag Report: Melt-Up Redux (Minyanville) Bullish Set-Ups…
Friday Wrap-Up: Finally, after two big disappointing events, the third mega event of the week brought smiles on the faces of bulls. On Wednesday Federal Reserve decided to do nothing to address the sluggish growth. On Thursday, ECB said that it may do something but did not say when. So the markets were generally in…
Here is what I am reading: Rogoff Sees World Wishing It’s America Year After S&P Downgrade (Bloomberg) Bernanke: despite recovery, many struggling (Reuters) The Clinton Tax Challenge for Republicans (Bruce Bartlett) Year After S&P’s Rating Downgrade, US Treasuries Trade 1% Lower (Next New Deal) China Is Closing In On A Major Turning Point: It May…
Weekly Pivots For The Week Of August Monday 06, 2012: Dow S&P500 NASDAQ DJTRA FTSE DAX Previous 13,076 1,386 2,958 5,127 5,627 6,689 Open 13,075 1,386 2,959 5,127 5,627 6,729 High 13,133 1,394 2,977 5,160 5,794 6,877 Low 12,779 1,355 2,891 4,931 5,626 6,596 Close 13,096 1,391 2,968 5,086 5,787 6,866 Change % 0.2%…
The last week was an event full one. The drama in Eurozone is ensuring that almost every week is full of exciting and anxiety inducing actions. On top of that, the week also included FOMC meeting, ECB press conference and the US non-farm payroll report, so it was a certainty that all financial markets will…
Thursday’s Wrap-Up: Market was on tenterhooks in the morning waiting for ECB President Mario Draghi to deliver on his ‘believe me” speech of last week. It had high hopes and was placed for perfection. Before ECB’s press conference, European stocks were higher on an average by +0.5% and North American futures by +0.3%. Then Super…
Here is what I am reading: Gloves Off in Draghi-Weidmann Clash Over Bond Purchases (Bloomberg) UK should have waited to enforce austerity (The Financial Times) July Employment Report Preview (A Dash Of Insight) Goodbye to Shanghai (beyondbrics) Post-Crisis Iceland Is Test Site for Too-Big-to-Fail Prevention (Bloomberg) Corn Correction Overdue (Stock Trader’s Almanac) Silver: How low…
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