Author: Scott Hoffman

The ECB cut rates to 100 BP; the BOE is expanding its QE program.Neither is a big surprise, but both are supportive to equities.The short end of the yield curve is rallying; Eurodollars are at record lows.The low end is selling...

The ADP jobs report showed a los of 491K for April; this was better than expected.It rallied stocks, pushed down bonds.The energy inventory report is out at 9:30 Chicago time.Tomorrow we get the results of the stress tests, and...

Stocks are slightly lower on consolidation from the recent runup.The ISM services report is out at 9 AM, and Bernanke is testifying to Congress this morning.Thursday is shaping up to be a big day; US bank stress test results...

Stocks are a bit higher.The big news given is a rise in the Chinese Purchasing Managers Index; this helps feed the economic recovery thesis.Expect more talk and speculation (no pun intended!) about the bank stress tests this...

Stocks are a bit higher on continued economic optimism.Japan and some European markets are closed for May Day.Consumer confidence is out at 8:55, the ISM Manufacturing Index is out at 9 AM. June S&P:There was a doji...

Stocks are higher on decent earnings reports and growing optimism that the economy is turning the corner (for anyone who was listening, I thought the recovery would start spring/early summer).GM and Chrysler need to submit their...

Stocks are higher overnight on what’s being touted as a delayed reaction to yesterday’s housing and consumer confidence reports.It’s being reported that at least 6 of the 19 largest banks will need more...

Stocks are lower.The first big factor is the swine flu outbreak; this could continue to weigh on the markets until its spread comes clearer.The other news from the WSJ; it’s reported that Citigroup and Bank of America will...