China loses momentum in its manipulation overnight… US industrial production data was dismal… Yellen admits The Fed needs to raise rates sooner or may be forced to raise rates more aggressively… and stocks did not drop until TV images showed blood on the streets of Athens… This just seemed appropriate…“hearts on fire” indeed – can the small undersize reality of […]
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 […]
Do not worry, “it’s contained.” From The FOMC Statement, Gold is 1st, Bonds 2nd, and Stocks 3rd…
WEAK CLOSE; Trannies remain the big squeeze post-FOMC winner but Dow is the laggard…
On the week, however, Trannies lagged and ended the week red (down 4 of the last 5 weeks) as Small Caps (dominated by Biotech ‘no brainers’) led the pop…
Biotechs were up […]
Do not worry… “it’s contained”From The FOMC Statement, Gold is 1st, Bonds 2nd, and Stocks 3rd…and on the week the same picture…WEAK CLOSE…Trannies remain the big squeeze post-FOMC winner but Dow is the laggard…On the week, however, Trannies lagged and ended the week red (down 4 of the last 5 weeks) as Small Caps (dominated by Biotech ‘no brainers’) led […]
Author’s impression of today’s stock market…Post-FOMC, everything’s not looking so awesome…Small Caps were the biggest lower on the day, followed by Nasdaq, Trannies and The Dow & S&P… but the drop was very uniform…and started as the cash markets opened…The Dow has fallen back into the Red YTD and the S&P is close…Financials are now down 2% from before Yellen…Biotechs […]
If you bought Trannies ahead of The FOMC, then…Otherwise… given the volume traded today…The S&P 500 has now alternated down and up for last 9 daysIt’s been quite a ride… post-FOMCOn the day, Trannies got trounced by Railroad warnings…and Biotechs buggered by GileadSectors all rolled over hard into today’s close…Today’s market traded in a very narrow range and on extremely […]
China growth slashed, more epically dismal US data, lack of clarity from Draghi, slumping oil prices, dropping yields, surging USD… now if that isn’t a recipe for buying US equities at record highs, we don’t know what is…Stocks close unchanged from ECB…And on the day only Trannies closed red (even as oil tumbled) thanks to an aftenoon push higher…On the […]
