Category Archive: Entertainment
Market Commentary: Large Caps In Green, Small Caps Remain Down
Written by Gary Premarkets were down -0.2% and didn’t move much after the ‘not-so-good’ US financial reports this morning. Markets opened down on moderate volume and started to trend upwards to where the major averages were all in the green, but flat. By 10 am the averages were mixed, sea-sawing along the unchanged line and generally […]
European Bond Risk Plunges As Draghi Hints At Sovereign QE (Again)
Seriously!! Draghi utters a few words – all of which we have seen and heard a thousand times before: *DRAGHI SAYS ECB WILL DO WHATEVER IT TAKES, WITHIN ITS MANDATE *DRAGHI SAYS EXPANDED PURCHASE PROGRAM COULD INCLUDE GOVT BONDS and EURUSD, European stocks and bonds get uber-excited… European bond spreads tumbled… EURUSD sliding back under […]
US Industrial Output Slumps In October
Industrial activity dipped 0.1 percent last month, clawing back a portion of the 0.8 percent rise in the previous month, the Federal Reserve reports. The slump surprised analysts, who were expecting a 0.3% gain, according to Econoday.com’s consensus forecast. The manufacturing component, however, posted a modest 0.2% rise, which tells us that last month’s weakness wasn’t broadly […]
Actavis Rumored To Be Close To Acquiring Allergan
As per market rumors, Actavis (ACT – Analyst Report) is closing in on a deal to acquire Allergan Inc. (AGN – Analyst Report) for over $65.5 billion. The rumors are expected to be confirmed soon. Actavis to Outplay Valeant? As per the sources, Actavis has agreed to pay $215 to $220 per share for the Botox maker. Actavis’ offer price, if […]
Market Participation Fades
The charts below were included in an NFTRH update last week. I want to put them up here as well to give readers a view of a market that is losing sponsorship and being diverged negatively by several other beneath the surface indicators as well. Does it mean the market must go down? No, the […]
October 2014 Industrial Production Marginally Declines, Under Expectations
The headlines say seasonally adjusted Industrial Production (IP) marginally declined. Econintersect‘s analysis is slightly better – but the unadjusted rolling averages also marginally declining from last month. Headline seasonally adjusted Industrial Production (IP) decreased 0.1% month-over-month and up 4.0% year-over-year. Econintersect‘s analysis using the unadjusted data is that IP growth was unchanged month-over-month, and is up 4.0% year-over-year. The unadjusted year-over-year rate of growth […]
Japan’s Last Stand
There is a popular American military term called a “last stand”, which is meant to describe a situation where a combat force attempts to hold a defensive position in the face of overwhelming odds. The defensive force usually sustains very heavy casualties or is completely destroyed, as happened at Custer’s Last Stand. General Custer, misreading […]
EU – Planning To Spend Money It Doesn’t Have
The Press Takes Notice of a Small Problem We have previously discussed the plans announced by EU commission president JC Juncker to “rescue” the euro area economy by means of € 300 billion of state-directed spending (see “Juncker’s Solution” for details). Now the mainstream press is also beginning to wonder where the money for this ambitious spending […]
Japan GDP Jolts Markets To Start The Week
We told you so! Last Wednesday, right in our morning post, I told you how you could benefit from SUBSCRIBING to our newsletter because we would give you great trade ideas like this one, which we featured for free in that morning’s post: I also mentioned shorting EWJ in the morning post but, for our Live Chat Members, I […]
