IBEX closed up another 1.75% today, putting this week’s returns over 8%.
Comments »Wholesale Inventories / Trade: Prior 0.3%, Market Expects 0.5%, Actual 0.6%
Some Historical Data to Determine If a Deeper Decline is Eminent
Here’s some pretty good historical data via Raymond James and Market Montage on the odds of a deeper market decline:
“Some interesting data from Jeff Saut of Raymond James if you are a data hound like I am.”
Full article
International Trade Balance: Prior -$52.6 Billion, Market Expects -$49.7 Billion, Actual $-50.1 Billion
Trade deficits did not shrink as much as expected; especially since the last data point was revised higher.
Comments »Asia Gets a Huge Beat Down, Europe Gets Bitch Slapped, and U.S. Futures Wait With Trepidation
FLASH: European Futures Indicating a -1% ‘Fuck You, You’re Dead’ On Open
US FUTURES ARE NOT DOWN AS MUCH AS YOU THINK
FLASH: Japanese Stocks Are Getting GRAPED, Down 2.5%
Asian Markets Off to a Rough Start
FLASH: US Futures Are Down 0.3%
Consumer Credit: Prior $21.4 Billion, Market Expects $12.7 Billion, Actual $6.5 Billion
Market Update
The markets are holding up well despite Bernanke not signaling QE3 has or will be launched.
Comments »U.S. Markets Go Parabolic Out of the Gate on Updated Merkel Comments
“Update 2: In her own words – dispelling rumors of new instruments: “In view of the current difficulties, it’s important to emphasize that we havecreated the instruments of support in the euro zone, that Germany is ready to work with these instruments whenever that is necessary and that this is an expression of our firm desire to keep the euro area stable,”
Update: here is the counterrumor, just as expected courtesy of the summer and fall of 2011: Merkel willing to back use of EXISTING Euro-area instruments… Where Euro-Bonds just happen not to figure.
Just out from Bloomberg:
- MERKEL SAYS GERMANY READY TO BACK USE OF EURO-AREA INSTRUMENTS”
Jobless Claims: Prior 389k, Market Expects 380k, Actual 377k
Asian Markets Pare Some Gains, Europe Rallies Full Retard, and U.S. Futures Look Strong After Yesterday’s MONSTER Rally
State of Trend Following in May
Jez Liberty is out with another breakdown of the state of trendfollowing. His analysis covers “over 50 instruments across Equities, Interest Rates, Currencies, Agriculturals, Metals and Energies, from around the world.”
Read the article here.
Comments »QE 3 is Coming: US and European Futures Spike on Fed Yellen’s Speech
Asian Markets Continue Relief Rally Mode Over Speculation of Stimulus to Come
Asian markets are in full rally mode as investors speculate the clam or the ECB will not let the world down.
Comments »Market Update
European Markets Close Out the Day Full Retard to the Upside
Markets are certainly in relief rally mode as most markets ignore the lack of eventful news out of Europe. However Australia did post some better than expected GDP data and of course the world is waiting on the clam tomorrow.
Italy up 3.4%
Spain up 2.44%
Germany up 2.1%
Comments »
