Here is what I am reading: Fed Seen Forgoing Next Round of Asset Purchases Until September (Bloomberg) RBI: Policy rates unchanged, SLR cut releases funds for private sector (Economic Times) Stocks idle before data deluge (MarketWatch) Asia readies for QE3 roller coaster (MarketWatch) Next Stop for 10-Year Treasurys: 1.25% Yield? (WSJ) The Case for Keeping…
Monday’s Action: The week began on a positive note but then the markets gave back some of the big gains of last week. This could be a healthy move as the retracement was mild, though the volume increased. Overall, it indicates that market is holding up positions acquired last week. DJIA showed its indecision for…
Federal Reserve is starting its two-day meeting today. A Bloomberg survey says that a number of economist do not expect Fed to announce a third round o large-scale asset purchases this week. Eighty-eight percent of economists say the Federal Open Market Committee will refrain from starting new purchases at a two-day meeting beginning today in…
Here is what I am reading: European Bank Regulator Imperiled by German Zombie Banks (Bloomberg) Inverse ‘Summer Crash’ takes shape (MarketWatch) 5 Stocks Worthy of Benjamin Graham (Minyanville) What You Need In Order To Retire Before Age 60 (Minyanville) Welcome to the ECB (VOX EU) The Best of Earnings Is Over, and It Wasn’t That…
Weekly Pivots For the Week Of July 30, 2012 $INDU $SPX N$COMPQ $TRAN $FTSE $DAX Previous 12,823 1,363 2,925 5,072 5,666 6,630 Open 12,820 1,362 2,878 5,067 5,652 6,562 High 13,118 1,389 2,962 5,159 5,652 6,690 Low 12,522 1,329 2,840 4,912 5,478 6,325 Close 13,076 1,386 2,958 5,127 5,627 6,689 Change % 2.0% 1.7% 1.1% 1.1%…
Friday’s Action: The impact of ECB President Mario Draghi’s ‘It will be enough’ speech continued on Friday. Friday’s action also got a boost from the second quarter real GDP reading of 1.5%, which though lousy turned out to be enough to lift investors anemic expectations. The earnings announcement after Thursday’s close and Friday’s open were…
For the past few months, Dow Jones Industrial Average is not giving clear signals which direction it will go. This confusion is due to the uncertainty created by many current and future events around the world. European financial crisis is going strong and the policy makers are not able to devise a cohesive strategy to…
Here is what I am reading: Draghi Boxes Himself Into a Corner With Bond Signal (Bloomberg) Greek Banks Follow Euripides to Help Borrowers (Bloomberg) GOLDMAN SACHS: The 27 Charts That Explain The World (Business Insider) Wall Street Is Getting Fooled AGAIN (Business Insider) Warren Buffett’s winning ways, 50 years on (MarketWatch) 12 Key Investment Strategies…
ECB President Mario Draghi’s ‘I have got a bazooka and I may use it’ speech in London galvanized the markets around the world. S&P futures and European markets, which were trading water before the speech turned around on a dime and then never looked back. However, based upon immediate past performance, the overall move still does…
The financial crisis in Europe is leading the global slowdown putting renewed pressure on the sovereigns around the world, many of them facing high debt-to-GDP ratio. Searching for a way to stimulate their economies many are running their mints at full capacity. But, every currency cannot depreciate against every other currency. This is throwing up…
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