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Equites were moderately higher yesterday on a flurry of merger announcements. Optimism is also rising that earnings will turn positive this quarter, the first such occurrence in six quarters....

Equities advanced on thin holiday trading.  The catalysts, the belief Clinton will win on November 8 and oil....

I am relatively certain there will be a “countdown” clock on most financial TV stations for tomorrow’s FRB Chair Yellen’s speech.  Personally I find such annoying at best given that the most successful investor in the known universe has an average holding period of 19...

Today June’s employment report is released.  The report needs to show a rebound in job creation, higher wage growth and an increase in the labor participation rate (LPR).  In other words the report has to be the inverse of May’s dismal report that universally changed...

Equites have retraced the majority of their Brexit loss.  In my view the swift decline and subsequent recovery is the result of algorithmic trading, trading based upon the cross correlation of weighted variables.  It is not investing.  As noted many times algorithmic trading now accounts...

Equities were quiet yesterday as volume was about 30% below its average for 2016 according to Bloomberg.  Oil advanced nominally as Treasuries fell as several moderate FOMC voting members suggested a change in monetary policy could occur at the April meeting....

Equities were relatively quiet as Treasuries fell, crude rallied and the euro erased a loss versus the dollar on speculation of the size and scope of any additional stimulus from the ECB....

Until 3:00 P.M. there is little to write about yesterday’s market action. Equities were flat, the dollar fell and oil rallied. Then there was a selloff, minor in regards to the selloffs’ past but enough to send the S & P down for the third...