U.S. stocks looked unusually strong on Friday as two major factors concerning short term risk in global markets changed dramatically. The stagnant housing market and uncertainty over a viable path to solvency in Greece, which have been weighing heavily on global markets, seem to be less threatening if Friday’s data were judge. Technicals remain extremely overbought in commodities and equities as markets now face Bernanke and Q1 GDP this week.

Bernanke and the crew will get started bright and early behind the collasal locked mohagany doors of the FOMC board room Tuesday morning, while traders will ernestly focus on the information at hand. A slew of earnings from Ashland (ASH) (0.71 EPS est.), Corning (GLW) (0.42 EPS est.), Delta Airlines (DAL) (-0.24 EPS est), DuPont (DD)
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Supporting our highest conviction trade yet, we now see fundamentals, sentiment, and technicals aligned for a significant correction in Crude Oil prices. While DS partners already hold a position in DTO, we are moving to formally call a short term WTI Crude Continuous Spot price target at $70. Below we explain in detail our thesis
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Earnings season officially began, as the first member of the S&P 500 and Dow Jones Industrial Average to grab Q4 2009 earnings headlines, Alcoa (AA), reported a net profit of $0.01 EPS on Monday, January 11. The shortfall to the $0.06 EPS market consensus was explained by CEO Klaus Kleinfield by the unexpected weakness in the dollar,
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The Institute for Supply Chain Management surprised the world on Monday morning, as they announced the results of their manufacturing managers survey. The report is essentially a survey where every manager is asked to respond to his own experience. Each manager states whether they see conditions improving, deteriorating or remaining constant, with respect to thirteen main criteria. The December survey’s
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Last week you could have thrown a dart onto the floor of the CME and almost assuredly poked the eye out of a commodity bull. This week there's no telling who you'd maim. Blood and gore aside, the sideways pattern of the past three weeks is over as far as crude oil is concerned. The
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We can all remember the panic that gripped financial markets in the dissimilar fall to winter season of 2008, where hoards of cash were brought to the sidelines and even the "Oracle of Omaha" went on record claiming "cash is king". This time around cash is anything but "king", at least if it's the United
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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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Dow components Caterpillar (CAT) and DuPont (DD) are draining the will of investors to remain vested shareholders, as CAT posted its first loss since 1992 and Dupont lowered its 2009 guidance. U.S. stocks weren't the only misfortuned securities Tuesday morning, as crude oil future prices for May and June delivery felt immense downward pressure below
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