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The Fed Is About To Rattle The Market

The Fed Is About To Rattle The Market

“Everybody has a plan until they get punched in the mouth.” This quote, one of former heavyweight champion Mike Tyson’s most famous, is always relevant when investing. After countless hours of research, diversifying portfolios and strategies, investors feel confident about weathering a market storm — until they are punched in the mouth. Today, we are […]
Greece After Its Salvation

Greece After Its Salvation

S&P 500 Snapshot: Day Five Of The Selloff

S&P 500 Snapshot: Day Five Of The Selloff

The big pre-open news today was the historic -8.48% Monday rout in the Shanghai Composite, an event that no doubt rattled the optimists hoping that the China benchmark index had bottomed out last week. Euro zone indexes also saw some suffering, with DAX and CAC 40 both deep in the red and destined to close […]
Final Second Quarter “GDPNow” Forecast 2.4% Vs. Bloomberg Consensus 2.9%

Final Second Quarter “GDPNow” Forecast 2.4% Vs. Bloomberg Consensus 2.9%

The Atlanta Fed second quarter GDPNow final estimate came in at 2.4%.  The second quarter GDP official “advance” estimate from the BEA is due out Thursday, July 30 along with the annual revision of the National Income and Product Accounts (NIPA). The Bloomberg Consensus Estimate for second quarter GDP is 2.9%, a half percentage-point higher than the Atlanta Fed […]
Thoughts From The Frontline: Europe: Running On Borrowed Time

Thoughts From The Frontline: Europe: Running On Borrowed Time

“I am sure the euro will oblige us to introduce a new set of economic policy instruments. It is politically impossible to propose that now. But some day there will be a crisis and new instruments will be created.” – Romano Prodi, EU Commission president, December 2001 Prodi and the other leaders who forged the […]
5 Worst Performing ETFs Of Last Week

5 Worst Performing ETFs Of Last Week

The U.S. stock market suffered its worst week (ending July 24) in months thanks to disappointing earnings results, especially from Apple (AAPL), Caterpillar (CAT) and International Business Machines (IBM) as well as a string of bleak sales or earnings outlook (read: 4 ETFs to Watch Post IBM 2Q Results). This is especially true as total earnings […]
SP 500 And NDX Futures Daily Charts – Rinse-A-Matic

SP 500 And NDX Futures Daily Charts – Rinse-A-Matic

Stocks in the US continued to slide, in sympathy with China and a generally poor outlook for the world of real productivity and wealth. And in large part this is the rinse cycle of a wash-rinse stock market operation conducted by insiders that took US equity prices up to unsustainable levels in the first place.  […]
July 2015 Texas Manufacturing Survey Manufacturing Activity Continues To Contract For Fifth Month

July 2015 Texas Manufacturing Survey Manufacturing Activity Continues To Contract For Fifth Month

Of the four Federal Reserve districts which have released their July manufacturing surveys – two forecast weak growth and three are in marginal contraction. A complete summary follows. There was no market expections from Bloomberg this month. From the Dallas Fed: Texas factory activity declined slightly in July, according to business executives responding to the […]
Knife-Catching Hedge Fund Oil Bulls Dump Crude At Fastest Pace In 3 Years

Knife-Catching Hedge Fund Oil Bulls Dump Crude At Fastest Pace In 3 Years

Hedge Funds’ net long position in WTI Crude collapsed 27% (the biggest single ‘dump’ in over 3 years) ahead of the big plunge last week (and is now down almost 60% in the last month – the most since 2010). Part of a broader deflationary collapse in commodities, as Bloomberg reports, long positions dropped to a two-year […]
Macro Analytics – Putting The Puzzle Of Greece Together With John Rubino

Macro Analytics – Putting The Puzzle Of Greece Together With John Rubino

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