Posts filed under “Markets”

Succinct Summation of Week’s Events 7.3.14

Succinct Summations for the week ending July 3rd

Positives:

1) The Dow crossed 17,000 for the first time ever.
2) NFP came in at 288k v 215k expected; this is the strongest 6-month period since 2006.
3) June SAAR auto sales came in at 16.92mm SAAR above the estimate of 16.38mm,
4) ADP delivered a huge beat and the strongest reading since 2012. 281k v 210k expected.
5) The S&P broke 1,000 days without a 10% correction, the 5th longest streak in history.
6) Pending home sales rose 6.1% m/o/m and hit a 4-year high.
7) China’s HSBC private sector services index rose to 53.1 the highest reading since early ’13.
8) Euro zone unemployment rate came in at 11.6%, the lowest since September ’12.

Negatives:

1) Initial Jobless Claims rose to 315k, 2k more than expected and last week was revised up
2) MBA applications fell by .7% to a 4 week low and fell for the 3rd straight week.
3) June US ISM manufacturing index was 55.3, down from 55.4 in May and below expectations of 55.9.
4) June US ISM services index moderates a touch to 56 from 56.3 and slightly below the estimate of unchanged.
5) London home prices rose 26% y/o/y, the biggest increase since 1987.
6) Germany unemployment rose in June for a 2nd straight month

Thanks, Batman.

Category: Markets

Q2: Fade Forecasts and Diversify

July 1 is one of my favorite days of the year. In addition to a wealth of historical milestones today (See Jason Zweig’s, “This Day in Financial History”), and the coming July 4 holiday weekend, it also marks the start of the second half of the year. As such, it is a good time to…Read More

Category: Markets

MoneyBeat: Key Events from Q2

Fun informative graphic from Paul Vigna and Steve Russolillo:   click for ginormous graphic Source: WSJ MoneyBeat  

Category: Digital Media, Markets

Volatility Over the Past Century

Source: Goldman Sachs via FT Alphaville     Despite what you might have heard recently, as it turns out, periods of low volatility are not particularly unusual. Have a look at the chart nearby. It comes to us from Goldman Sachs via FT Alphaville, and it shows that spikes in volatility are quite unusual. Periods of…Read More

Category: Markets, Technical Analysis, Trading

Where’s the Love? Investors Shun Bull Market Rally

Bloomberg’s Barry Ritholtz examines investor sentiment about the current bull market, comparing it to past runs and whether or not it can continue to climb. He speaks on “Market Makers

Where’s the Love? Investors Shun Bull Market Rally

Bloomberg June 27 2014

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Barry Ritholtz and Alix Steel discuss the new, aggressive approach taken by the U.S. government against banks. They speak on “Market Makers.”

What Prompted a Tougher U.S. Stance on Banks?

Category: Markets, Media, Video

Kiron Sarkar’s Weekly Report 28th June 2014

The Japanese PM announced details of his plans to stimulate economic growth. Whilst highlighting the key issues which need to be addressed, his proposals were sketchy, with a lack of concrete measures and unlikely to result in stronger growth anytime soon. Chinese June PMI was better than expected, reflecting mainly, I believe, the increase in…Read More

Category: Markets, Think Tank

Succinct Summations of Week’s Events 6.27.14

Succinct Summations week ending June 27th:   Positives: 1. U.S. June services flash PMI came in at 61.2 v 58 expected. 2. U of Mich. Consumer confidence came in at 82.5 vs expectations of 82. 3. May core PCE (Fed’s inflation gauge) came in at 1.5%, in line with expectations 4. Existing home sales increased…Read More

Category: Markets

S&P 500 Rate-Sensitive Industries

Source: BofA Merrill Lynch   Really interesting chart that shows how the reaction to rate increases are highly variable by industries.

Category: Fixed Income/Interest Rates, Investing, Markets

Guest Host: Bloomberg TV with Stephanie Ruhle 10am-12pm

I am guest hosting Market Makers today with Stephanie Ruhle from 10 am-12 pm. We will be talking Markets, Inflation, Europe, Iraq, Alibabba, and lots of other good stuff. Check it out here  

Category: Markets

Frustrating the Majority

Jeff Saut dug into the archives for this one on Monday: “Money managers are unhappy because 70% of them are lagging the S&P 500 and see the end of another quarter approaching. Economists are unhappy because they do not know what to believe: this month’s forecast of a strong economy or last month’s forecast of…Read More

Category: Investing, Markets, Psychology