Employment worries helped to trigger a sharp sell-off in U.S. equity markets on Monday, leading to speculation that the month will end with another weak day on Tuesday. The problem with the market this week is Friday’s Non-Farm...
Read MoreAn emergency easing by the Bank of Japan may have backfired overnight as the Yen erased its early losses against the major currencies. The BoJ made the move in the hopes it would weaken the Japanese Yen, but instead it’s been...
Read MoreThe U.S. Second Quarter GDP estimate came out at 1.6%. This was lower than the previous guess of 2.4% but better than the estimate at 1.3%.Stocks rallied on the news and Treasurys broke. The Dollar index also rallied sharply...
Read MoreEarlier in the week I questioned whether the Fed was out of bullets to combat the economic weakness threatening the U.S. economy. Having watched two dismal U.S. housing reports this week, I am now anxiously awaiting Federal...
Read MoreDecember Crude Oil continued its downslide on Tuesday due to demand concerns and growing inventories in the U.S. Since breaking Fibonacci support at 76.45 on August 19, crude oil has dropped over $3.00 per barrel to the July 6...
Read MoreSeptember Treasury Bonds advanced overnight on growing concern the U.S. recovery is stalling, increasing demand for the relative safety of government debt.Traders are driving down yields of T-Notes and T-Bonds in anticipation of...
Read MoreOne debate that will go on this week centers on the Fed. One question traders are asking, “Is the Fed out of bullets?” All signs point out that the government’s stimulus plans as well as the Fed’s activity have done nothing to...
Read MoreU. S. equity markets are called lower this morning based on a poor overnight showing. The catalyst for the overnight weakness was the shedding of risky assets by nervous investors. The September E-mini S&P is currently...
Read MoreThe Dow will try today to make it back to back up days for the first time since late July, but first traders have to assess the Weekly Jobs Claims Report. Given that the economic recovery is not on pace, traders will be looking...
Read MoreThe September E-mini S&P 500 is trading flat to lower overnight. Last night’s range was inside of Tuesday’s range, indicating that traders are non-committal at this time. Yesterday’s rally was a follow-through move of...
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