equities

The July 2010 Monthly Commentary By Annaly Capital Management The Economy The S&P 500 finished June down 5.4%, while Treasuries enjoyed a significant rally. The yield on the 10-year shed more than 30 basis points and ended the month…

Highlights The US dollar consolidating this week’s losses against most of the major currencies; trading with a firmer bias within yesterday’s trading ranges.  The general forces weighing on greenback remain intact.  The negative…

After three days of major market gains, call me naive, but this must be the place! Seriously though, I do think we are in a secular bear market and expect prices to go lower. Remember the 200-day moving average is still above 1100. We're a…

Jim Bianco, president of Bianco Research, talked with Bloomberg's Susan Li about the outlook for U.S. stocks. When Li asks him about the 3pc gains we saw yesterday, he said the markets were oversold but that he expects stocks to retrench.…

Highlights The US dollar continues to trade with a heavier bias against the major and emerging market currencies.  The yen and Swiss franc’s softer tone appears to be largely a function of the return of risk appetites, though Japan…

Listen to Paul Krugman in the first video with Bloomberg and then listen to Dennis Gartman in the second. The two seem to be arguing the same point – that the G-8 austerity position of higher taxes and lower government spending is the wrong…

The bond guys PIMCO have decided to move into equities. They are doing so cautiously.  I mentioned some comments they made by Gross regarding safe, high dividend stocks like utilities. At the time, he was suggesting almost all asset…

Must-reads Technicians Eye Market Signals - Barrons.com Economics: Why are firms saving so much? | The Economist World Cup Frank Lampard's 'goal' against Germany should have stood – linesman | Football | guardian.co.uk…

Here's a chart that Bespoke Investment has drawn up. Bespoke says: The percentage of stocks in the S&P 500 now trading above their 50-day moving averages is down to 4%.  At the March 2009 lows, the reading only got down to…

“When data contradicts theory in a discipline like physics, there is excitement amongst scientists . When data contradicts theory in finance, there is dismissal.” Robert Arnott Big shift to passive Active management in the equity…