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I think there is little disagreement that three of the four mega capitalized technology companies that posted profits last week exceeded expectation. One pundit sounded like Ross Perot when he exclaimed “there is a giant sucking sound” ...

According to Bloomberg 78% of 303 S & P 500 companies that have reported earnings have exceeded expectations. Regarding revenues, 39% beat forecasts and 40% matched. For the quarter earnings are expected to decline by 2.1% YOY, an improvement over the 3.8% expected...

The first print of third quarter GDP validated my long held view of today’s recessionary fears are vastly overblown. The economy expanded at a 1.9% annualized rate versus the consensus view of a 1.6% pace. Perhaps the most significant aspect of the report...

Equity markets are pricing about a 90% probability the Fed will lower interest rates on Wednesday. In my view the global headwinds that pushed the Bank to cut rates in July and September have abated somewhat ...

The fourth Democratic debate produced nothing of significance as the candidates continue to map out their very progressive agenda. As I commented yesterday, I do not think the country is this far left and I again ask is how will the candidates switch their...

Equities were again mixed as a group of high profile earnings offered disparate clues on the strength of the economy. Treasuries continued to slump with rates falling to levels last seen before the Fed’s dovish tilt a month ago. Oil advanced about ...

Markets were relatively quiet as two mega sized financials posted disappointing results. Many are beginning to write the current advance is “looking tired.” Will earnings rejuvenate the averages? Several high profile companies report this week including ...

Markets were mixed ahead of the commencement of first quarter earnings season and data that confirms the economy is on solid footing. Commenting about the data, weekly jobless claims are at the lowest level since ...

Some believe the “illusion” of liquidity could be shattered in the intermediate future as more on Wall Street are adopting the view that technology based trading will be the bane of the markets, a view that I have expressed many times. Bloomberg writes “algorithmic trading strategies...

Equities fluctuated on volume about 15% lower than average. The S & P 500 broached the 200 day moving average for the first time since early December. Earnings and economic data were mixed. Speaking of earnings, analysts are now ...