The pattern continues for U.S. equities

June 9th was the last comment here on the U.S. equity market. At the time, CNBC was obsessing over the “summer swoon”, pundits seeking attention and just guessing piled on, and the market was leaking slowly every day. That continued for a few weeks and on June 30 the Fidelity S&P Index fund that is used here was allocated more […]

Stocks Turmoil To End Q2 With Worst Run Since Lehman

Overheard at The PBOC, The SNB, The ECB, and The Fed…Before we start, it is worth noting that this is the first consecutive quarterly loss for Trannies since Lehman…S&P 2067.89 was all that mattered today – for the biggest US equity market to avoid its first quarterly loss since Q4 2012… It Failed!!Q2 ends with crude the big winner, bonds […]

Gold & Silver Surge As Schizophrenic Stocks Slump-And-Pump

As the world hopes for “no comment” from The Fed tomorrow, anxiety in markets remains very evident… This about sums it up!Stocks continued yesterday’s weakness overnight… ramped obdeiently into the open in NY… then plunged on bad data and Iran Ship Seizure headlines before v-shape-recovering thanks to someone’s generosity in selling massive amounts of protection (VIX) just as you would […]

Iran's stock market is loving the latest nuclear deal – Business Insider

Associated Press
Apr. 5, 2015, 11:40 AM
Adrees Latif /ReutersIran’s President Hassan Rouhani gives a news conference on the sidelines of the 69th United Nations General Assembly at United Nations Headquarters in New York September 26, 2014.TEHRAN, Iran (AP) — The Tehran Stock Exchange has rallied after world powers clinched a nuclear framework agreement with Tehran, reflecting hopes that some crippling international […]