equities

EUR/USD headed back below 1.347 as European stocks extend early morning losses; DAX down 2.7%. G20 communiqué indicates that EZ actions to increase EFSF flexibility is likely; details remain light. Singapore’s inflation continued to surge…

The earnings estimates on the S&P must go down significantly. With the problems in Europe, and then the potential slow-down in China (after building more residential and commercial construction than presently needed) we would have to…

USD continues to surge amid safe haven demand; EUR breaks below 1.35, EM currencies drop 1-2.5%. The Fed delivered “Operation Twist” but bleak economic outlook continues to weigh on sentiment. Czech CB remains put, South African CB expected…

We’ve posted many times on this blog about how the Hang Seng Index is one of our indicators species for global risk appetite. The index usually leads global markets on the downside and turns up before most.

One defining characteristic of the current market is time compression. What used to take weeks and months now happens in hours, if not seconds. It’s gotta be the robots and algo trading, no? Do you feel a little like the modern day version…

A quick update to our recent posts on Apple and gold. Apple has broken out of its bullish pennant formation and looks poised to take out the July 26th all time high of $404.50. This is a chip shot from current levels and could happen…

European stocks rally for a fourth day ahead of outcome from ECOFIN meeting; US futures tread lower. Coordinated policy action good step; further support for EFSF/Greece needed to hold momentum. CNY continues to be used by Beijing as a tool…

We continue to be amazed at the eagerness of the market to rally in the face of negative fundamental data. The U.S. stock market rallied today on the news that the European Central Bank is getting together with other Central Banks (Bank of…

After posting the Jim Bianco article on getting defensive, I traded e-mails with Jim on recessions and earnings volatility. Here’s what he had to say after I showed him the article

As Treasury bond yields tumble to record lows we’re hearing lots of talk the U.S. is following the economic trajectory of Japan. Not so fast! Take a look at the following chart.