Before speech:
After:
FLASH: THE EURO IS SAVED, EUROPE IS SOARING AND FUTURES ARE GANGBUSTERS
Initial Claims: Prior 353k, Market Expects 365k, Actual 365k…Futures Rip
Continuing claims ove from 3.29m to 3.27m
Comments »Live Streaming Coverage of the ECB Press Conference
So far the Euro has popped. Check out live streaming comments out of the ECB.
Comments »Market Update
U.S. equities try to reclaim yesterday’s losses. Coming close the DOW managed to be up almost 50, but is now up about 25.
All eyes on the clam and Europe’s ECB meeting tomorrow.
Europe is flat. The U.K. is the only country managing to hold on to decent gains despite poor manufacturing data.
GLT
[youtube://http://www.youtube.com/watch?v=ItLzdZV004s 450 300] Comments »Attack of the Robots
CNBC is reporting an unusually high amount of stocks experiencing volatility do to what Knight Capital and other trading outfits arte calling buy and sell programs by algorithmic robots.
Developing….
Comments »ISM Index: Prior 49.7, Market Expects 50.4, Actual 49.8
321 Crack Spreads Are Above $30
Falling Exports Crush U.K. Manufacturing Data
“U.K. manufacturing shrank the most in more than three years in July as export orders slumped, indicating the economy’s recession continued to deepen at the start of the third quarter.
A factory-output gauge fell to 45.4 from a revised 48.4 in June, London-based Markit Economics said today. The reading was weaker than any of the 30 forecasts in a Bloomberg News survey. The decline was led by weaker demand in the euro area, where a separate index showedmanufacturing shrank for a 12th month.”
Comments »FLASH: FUTURES ARE, THE FUCK, HIGHER $SPY
Global Markets are Mixed, While U.S. Futures Look to Regain Yesterday’s Loss
Markets Sell Off a Bit Before the Clam Statement
U.S. equities gave back a little ground before tomorrow’s fed statement.
Traders expect the market to rally tomorrow into the clam statement and will really determine direction on Thursday after we get data and comments out of Europe on growth and resolving the debt crisis.
Despite a volatile month the markets finished up 1%. Gold also had a 1% gain for the month. The best performing sectors were telecom and industrial.
DOW down 64
NASDAQ down 6
S&P down 6
Comments »
Market Update
U.S. equities continued chopping around the flat line similar to what we had yesterday. The markets are waiting for the fed to give their statement, and to see what develops in Europe.
The markets in the U.S. are ignoring a setback in Europe where Merkel’s coalition are rejecting a permanent euro rescue fund. European markets were down, but not bloody given the news.
U.S. equities are flat with the NASDAQ higher by a bit. Oil is down, the euro is up, and gold is up slightly.
UBS is tanking due to horrible earnings from $Fuckbook; incidently $FB has hit a fresh 52 week low.
Comments »FLASH: Europe Got Punched in the Liver Today
Case Shiller Price Index: Prior -1.9%, Market Expects -1.8%, Actual +0.7%
German Unemployment Rises for a Fourth Month
The debt crisis continues to take it toll on the strongest economy in Europe.
Comments »Asia Rallies, Europe Falls, and U.S. Futures are Unch
US/European Futures Are Higher
A True Samich Day
Markets chopped around the flat line with the lowest volume run rate of the year on the NYSE.
Markets await data and clam speak this week; so it is likely we maintain some sort of holding pattern.
Get ready for fireworks if the clam and co. distribute crack cocaine.
DOW down 3
NASDAQ down 14
S&P down .71
Comments »
To Worry or Not ? NYSE Volume Hits its Lowest Run Rate of the Year
“Today’s NYSE total volume has a run-rate around 15-20% below its average for this time of day. This is 2 standard deviations below average and most notably the lowest non-holiday day/week volume so far. At the same time, volume in the futures market is even worse with S&P 500 e-mini futures (ES) trading volumes around 30% below their recent average. It is perhaps no surprise then that ES is jiggling in a narrow 3pt range between its lows and its VWAP/unch level.”
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