The Dollar is getting crushed this morning on a return to risk tolerance and end of the month squaring.The return to pro-risk investing is tied to ideas that there will be a worldwide economic recovery in the second half of the...
Read MoreI’m stepping out a bit here.I was an economics major in college, but I’m more comfortable reading the charts.That being said, I think the credit markets are at an inflection point; recent activity could end up...
Read MoreDurable goods orders were stronger than expected; we still have existing home sales at 9 AM and crude inventories at 9:30.Stocks are a bit higher as the recent back and forth continues.The Yen is sharply lower with renewed...
Read MoreStocks have been on a wild ride the past two days. Monday was a holiday but Globex was open. In the chart below I circled Monday’s bar is circled, the narrow range and inside day gave a breakout setup for Tuesday....
Read MoreStocks are roughly unchanged, digesting yesterday’s big rally.Existing home sales are out at 9 AM Central; the trade is expecting a rate of 4.65 mln.GM has until next Monday to come up with a restructuring plan; this will...
Read MoreStocks are a little lower in slow trade.The North Korean nuke and missile tests are being given as a reason for the pressure; I think the markets may be to the point where they need good economic news to advance farther.The...
Read MoreThe Dollar is the focus for many futures markets today.Yesterday’s warning from Moody’s about a potential downgrade of UK sovereign debt has traders contemplating the same thing happening to the US.For the US, they...
Read MoreS&P lowered its outlook for UK government debt, one step from a downgrade. Yesterday’s FOMC meeting minutes were downbeat on the economy, and their discussion of possible widening of quantitative easing weighed on the...
Read MoreStocks are higher; there’s no clear impetus to point to.Economic news is coming out later today:we have crude inventories at 9:30, minutes from the last FOMC meeting at 1 PM.The API crude report was bullish, and forecasts...
Read MoreStocks are higher on economic optimism.Goldman Sachs and Morgan Stanley want to start to repay their TARP money, and a German survey of investor sentiment rose for the seventh straight month.Housing starts came out worse than...
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