China sure has its micro-managing hands full these days.Just hours after the PBOC announced a modestly “revalued” fixing in the CNY, which curiously led to weaker trading in the onshore Yuan for most of the day before a forceful last minute intervention by the central bank pushed it back down to 6.39…… it was the local stock market spinning plate […]
China surprised everyone for the second day running, slashing the value of its currency against the dollar. There are lots of different explanations. It could be seen as a move to boost falling exports, to prepare for a US interest rate rise or just to give the currency more flexibility to move in the future as growth slows.But the UK, EU and […]
Related JNSBarron’s Recap: Time To Dump Your Bond Funds?Bill Gross Is Concerned If There Will Be Sufficient Liquidity If A ‘Panic Situation’ Arises AgainFranklin Fiscal Q3 Earnings & Revenues Lag, Costs Down – Analyst Blog(Zacks)On June 3, Bond King and Portfolio Manager of Janus Capital Group Inc (NYSE: JNS)’s Janus Global Unconstrained Bond Fund, Bill Gross, tweeted , “Gross: German […]
REUTERS/StringerVia Dave Lutz at JonesTrading, here’s a guide to what traders are talking about after a huge sell off in Chinese stocks overnight.Good Morning! A sea of red overseas has the S&P extending last weeks’ 2.2% drop. Nasdaq off 60bp, S&P off 50bp as the commodity complex continues to cycle lower. Heavy losses over in Europe, with the DAX off […]
7-1-15Secular Market Top – Since January 2000+53.3% Dow+171.8% Transports+94.2% Utilities+40.4% S&P 500+22.5% Nasdaq+52.2% 30yr Treasury Bond+304.6% Gold+132.3% OilFrom High to Low+304.6% Gold+171.8% Transports+132.3% Oil+94.2% Utilities+53.3% Dow Jones+52.2% 30 Year Treasury+40.4% S&P 500+22.5% NasdaqIt is easily seen that in the year 2000 the Nasdaq was horribly overvalued and gold was on the give away table, such lopsided returns 15 years later!Here […]
I don’t agree with the slow-growth-indefinitely forecasts.I’ve long said that, until global deleveraging is completed, gross domestic product will continue to grow by about 2 percent annually. I’ve also noted that reducing debt levels after a financial crisis, especially one caused by a borrowing binge, normally takes about a decade. This episode is eight years old, and at the rate […]
European Stocks, Chinese Stocks And Commodities Are All Crashing – Are U.S. Stocks Next?
By Michael Snyder, on July 7th, 2015A global stock market crash has begun. European stocks are crashing, Chinese stocks are crashing, and commodities are crashing. And guess what? All of those things happened before U.S. stocks crashed in the fall of 2008 too. In so many […]
Related BZSUMMid-Day Market Update: Nike Jumps On Strong Results; SYNNEX Shares SlideMid-Morning Market Update: Markets Gain; Finish Line Beats Q1 ViewsToward the end of trading Friday, the Dow traded up 0.22 percent to 17,929.20 while the NASDAQ slipped 0.77 percent to 5,072.80. The S&P also fell, dropping 0.15 percent to 2,099.09.Leading and Lagging SectorsCyclical consumer goods & services shares rose […]
Akin Oyedele
Jun. 10, 2015, 11:54 AM
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REUTERS/Lucas JacksonTraders on the floor of the New York Stock Exchange at the market close in New York on October 17, 2014.Stocks are having their strongest session in several days.The Dow gained as much as 250 points after news crossed that Germany may be offering Greece the opportunity to come up with one economic reform […]
There is also the U.S. Producer Price Index Friday, and a heavy calendar of overseas data that could influence markets. Chinese consumer and producer inflation data is released Tuesday, and retail sales and industrial production is Thursday. German industrial production is reported Monday, and euro zone GDP is Tuesday.Markets are also watching the volatile bond market where yields ripped higher […]
