Equities are choppy. The S&P 500 large cap index (2099.68) is essentially flat for the week. Participation is thin. Volume is anemic. Fresh on the heels of last week’s breakouts, indices are trying to build on those gains. But conviction … Continued
Growth rate of U.S. exports decelerating since 2Q14 At north of 13 percent, exports’ share of GDP remains very high Surging $ no good news for exports; some signs of fatigue, but buck’s momentum intact The advance estimate of real … Continued
U.S. stocks shake off early weakness before carving out major reversal Bulls step up to plate, refuse to give away support zones on major indices VIX and ISEE index suggest stocks’ path of least resistance probably up N/T If you … Continued
Draghi drops credible (?) hints Eurozone QE is coming QE no panacea for economy, only a vehicle for transfer of bond ownership Investor reaction post-announcement key, as net shorts in euro futures remain very high “This may imply adjusting the … Continued
Rather quick deterioration in momentum in U.S. stocks From sentiment to Greece to $, worrywarts have plenty of things to worry about Next couple of days will be crucial for bulls to step in and try not to let things … Continued
With massive inflows just last week, stocks need another to stay afloat With at least three important events on calendar, Jan can throw wrench in the works With stocks holding up amidst signs of preference for risk-off; opportunity to sell … Continued