The positive durable goods report, citing new orders up 1.8% for May, fought the May new home sales numbers, below consensus at -0.6% (m/m), as conviction wavered among market movers throughout early trading Wednesday. The crux of the day's market moving news came in the form of the FOMC statement on Federal Reserve policy, where
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Summing up the pieces that have lead us to the strange "here and now" in global financial markets may produce a different result for each market practitioner, yet there are truths agreed upon by most worth mentioning. The purpose of this article is to identify some truths and un-truths, which will provide a fresh slice
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Bill Gross of PIMCO began his June outlook statement with the fitting quote from Abraham Lincoln stating, "You can fool some of the people all of the time, and all of the people some of the time, but you cannot fool all of the people all of the time". Perhaps there are a few more fools than
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The genre of investing known as "fixed income" has been written off by most investors over the past decade as uninteresting, largely due to the seemingly dry nature of the bond market. Returns on bonds are more stable compared to stocks but generally lag profits made by the basket of S&P 500 equity shares amidst
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While the GDP revision came in slightly worse than expected at -5.7% Q1 growth, the main issue facing markets Friday is the potential for an inflationary environment spurred by U.S. Treasury rates increasing. The $2 Trillion of Treasury debt to be auctioned throughout the remainder of the year has frightened bond markets and equity markets
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Much of the losses in equity markets across the globe on Thursday were the result of poor economic data as well as concerns over the credit worthiness of the Unites States, UK and other western borrowing soverigns. The scare has been in place for weeks and months with the announcement of historically swollen stimulus packages
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Equities gained upward momentum in U.S. markets Friday morning after headline econ data was reported in line with expectations. However, the S&P 500 and DJIA turned negative by noon EST as distress signals in the automobile industry and economic report autopsies pulled equities down. The Consumer Price Index (CPI) changed 0.0% from March to April,
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A slew of reports released Wednesday morning proved unsympathetic to hopeful bulls, reversing better than expected trend. First out of the gates was the MBA mortgage purchase applications index, clocking in at 265.7 for the May 8 ended week, showing statistically unchanged levels form the previous week's index of 264.3. An 11.2% drop in refinance
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The global recovery rant can be difficult to swallow for traders who take note of deteriorating demand seen around the globe in all countries minus China. Yes China is very large and can cause for an increase in demand for commodities, but the recent appreciation in resource prices from crude to copper to softs in
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The weekend gave investors and traders a chance to step back from the trees and look at the forest. The results of the Stress Test released on Friday came with such anticipation that many overlooked the parameters of the test itself. Analysts had expected TARP funded banks to be evaluated based on their tangible common
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