Many times I have commented about the impact of algorithmic or technology based trading, the trading strategy based on momentum rather than analysis. In my view the basic tenant of this philosophy is past performance is indicative of future performance....
Once again monthly US job gains fell outside the range of estimates. Strong back to back surges in nonfarm payrolls in June and July helped alleviate concerns that the labor market is faltering in response to slow growth. The May swoon which rattled all is...
July’s employment data is released at 8:30. To remind all May’s data flopped and June’s data flipped, the result of which caused a radical change in monetary policy assumptions. Will July’s data be the disaster that we experienced in June when only 11,000 jobs were...
July’s employment data is released at 8:30. To remind all May’s data flopped and June’s data flipped, the result of which caused a radical change in monetary policy assumptions. Will July’s data be the disaster that we experienced in June when only 11,000 jobs were...
Fitch reported yesterday losses in the sovereign debt market would globally approach $3.8 trillion if yields rose to 2011 levels. The 10-year reached a 3.74% yield on February 8, 2011 and then plummeted to a 1.71% yield by September....
Oil is trading around $40.50/barrel, down about 20% from late June on renewed concerns of a supply glut. Many of the large integrated oil producers missed earnings estimates because of a decrease in production....
The headline number for second quarter GDP was horrific. The economy only grew by 1.2%, half of the expected 2.5% increase. The primary causes, inventory destocking that subtracted about 1.16% from GDP—the greatest decrease since 3Q11—and a 3.2% drop in residential and business spending. This...
Will today’s release of second quarter GDP clarify the strength of the economy? In my view earnings have been mixed even as the overall data is suggesting greater strength than most had anticipated....
Treasuries rallied, the dollar pared gains and equities were mixed as the Federal Reserve kept interest rates unchanged and reiterated a slow pace of tightening even as the economy shows signs of improvement....
The Dow was again quiet yesterday after a three week 1,500 point advance from the post Brexit lows. As all know, the Dow fell about 1,000 points in three days only to regain all these points plus 500 more on the announcement of yet even...