Posts filed under “Markets”

Succinct Summation of Week’s Events 4.10.15

Succinct Summations (for the light) week ending April 10th:

Positives:

1. The Nikkei Index broke 20,000 for the first time in 15 years
2. Initial jobless claims 4-week moving average is at the lowest levels since 2000.
3. Markit service PMI rose to 59.2, versus the 58.6 expected.
4. U.S. equities had a nice week despite fears after last Friday’s lousy job report
5. Mortgage applications to buy rose 6.8%, the highest levels since July 2013
6. Import prices fell 0.3% m/o/m and 10.5% y/o/y.
7. Job openings rose to 5.13M, the highest since 2001.

Negatives:

1. ISM nonmanufacturing index fell to 56.5 from 56.9, still a solid number.
2. Revolving credit outstanding fell for the second straight month.
3. Germany factory orders fell 0.9% m/o/m.

Category: Markets

Average Returns Are Exceedingly Rare

One of the most fascinating things about markets is the sheer volume of data they generate. Every day, millions of data points get created. The vast majority of this amounts to little more than noise. This endless stream of information leads thousands of us everyday on a hunt for meaningful signal amid the cacophony. Most of the time, we…Read More

Category: Cognitive Foibles, Investing, Markets

S&P 500′s Dubious Market-Cap Weighted Anniversary

  click for larger graphic     The Standard & Poor’s 500 Index is market-capitalization weighted, meaning that companies with higher stock-market valuations have a bigger influence on the index. There has been a cottage industry of criticism about this structure. Recently, it has led to a new world of fundamental indexing and so-called smart…Read More

Category: Analysts, Index/ETFs, Markets, Valuation

Succinct Summation of Week’s Events 3.3.15

Succinct Summations week ending April 3rd Positives: 1. Initial jobless claims fell to 268k, the lowest level in 15 years. 2. Euro-area economic sentiment rose to 103.9, the highest level in nearly four years. 3. Pending homes sales increased 3.1%, the highest reading since June 2013 and above the 0.3% expected rise. 4. Personal income…Read More

Category: Markets

Winners and Loser of the Global Financial Markets

Source: BAML via Bloomberg

Category: Investing, Markets

Bull vs. Bear Debate: Is Biotech Is in a Bubble?

Awesome graphic:   click for ginormous graphic Source: Credit Suisse via Bloomberg    

Category: Markets, Psychology, Science

Succinct Summation for Week’s Events 3.27.15

Succinct Summations of week ending March 27th Positives: 1. Markit’s Eurozone PMI rose to 54.1, the highest levels since May 2011. 2. Consumer prices rose 0.2% in February, in line with expectations. 3. Initial jobless claims fell to 282k, 8k less than expected. 4. New home sales came in at an annualized rate of 539k…Read More

Category: Markets

Survey Says…

Joseph Saluzzi (jsaluzzi-at-ThemisTrading.com) and Sal L. Arnuk (sarnuk-at-ThemisTrading.com) are co-heads of the equity trading desk at Themis Trading LLC (www.themistrading.com), an independent, no conflict agency brokerage firm specializing in trading listed and OTC equities for institutions. Prior to founding Themis, Sal and Joe worked for more than 10 years at Instinet Corporation, pioneers in the…Read More

Category: Markets, Regulation, Think Tank, Trading

German Equities Up 40% Over Past Five Months

German stocks have increased 40% over the past five months. Combined with the euro depreciation and lower oil prices it all points to more upside risk to the economic outlook for Europe. Source: Torsten Sløk, Deutsche Bank Research

Category: Currency, Energy, Markets

Succinct Summation of Week’s Events 3.20.15

Succinct Summations for the week ending March 20th: Positives: 1. The S&P 500 had its first positive week since mid-February 2. The UK FTSE crossed 7,000 for the first time ever 3. Building permits rose 3% vs an expected rise of 0.5%. 4. The Fed removed “patient” and US stocks rose 1.2% 5. The S&P…Read More

Category: Markets