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 500 closed up 0.98%, its strongest Friday since January 16th.
6. NASDAQ had its first weekly close above 5000 since 2000.

Negatives:

1. Housing starts fell 17% to an annualized pace of 987k vs expectations for a 2.4% fall and 1.04mm homes.
2. Empire State factory index came in at 6.9, vs expectations of 8 and down from 7.8 previously.
3. The Philly Fed index came in at 5.0 vs expectations of 7.
4. The ten-year yield is back below 2%
5. Mortgage applications fell 2% w/o/w. Refi applications fell 5%.
6. Industrial production rose 0.1% m/o/m vs expectations of a 0.3% rise.

Category: Markets

Cyclical Bear or Secular Bull Market ?

When discussing bull and bear markets, it sometimes helps to think of them as coming in two distinct flavors: Short-term cyclical markets and long-term secular ones. Knowing one from the other isn’t always easy. A number of  veteran market observers such as Raymond James’s Jeffrey Saut, technician Ralph Acampora, strategist Laszlo Birinyi and market historians…Read More

Category: Cycles, Investing, Markets, Technical Analysis

Online Shopping Trends

Click for complete infographic
online

 

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Category: Consumer Spending, Digital Media, Retail, Technology, Web/Tech

10 Friday AM Reads

Good Friday morning. That week went by quickly. Finish it up with our hand curated morning train reads: • The Hierarchy of Alpha (CIO) • Housel: What’s Wrong With Finance (Fool) • American companies are running out of places to stash their insane pile of cash (Quartz) • Letter From Berlin: Why Are the Germans So Hellbent on Austerity? (The Nation) see also How likely…Read More

Category: Financial Press

2017 Maserati Alfieri Coupe

Look out Porsche 911, Maserati’s Alfieri coupe coming in 2016 — and its gorgeous!

 


Source: Digital Trends

 

 

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Category: Weekend

How do financial institutions forecast sovereign spreads?

Category: Markets

3-D View of the Yield Curve

Fabulous graphic from the NYT:   Source: The Upshot

Category: Cycles, Digital Media, Fixed Income/Interest Rates

IMF Credit Outstanding By Member

Source: Capsidea

Category: Credit, Economy, Politics

Congratulations Skip Schweiss, Fiduciary of the Year

The Committee for the Fiduciary Standard Names announced that Skip Schweiss has been recognized as for his Outstanding Fiduciary Advocacy and Commitment.

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Category: Markets

More Long Bonds Now!

Every once in a while, there is a way to resolve a host of problems that is so obvious it gets overlooked. With that in mind, and in light of yesterday’s Federal Open Market Committee meeting and the reaction that followed, let’s have a look at four big problems: crumbling U.S. infrastructure; federal budget deficits;  normalizing…Read More

Category: Really, really bad calls, Taxes and Policy