Uneven Recovery – Jobs Power Market Rebound
Click interactive chart to see which sectors have lost or gained the most jobs cumulatively since the recovery started:
Source: WSJ, January 4, 2012
Succinct Summation Of Week’s Events (02/03/12)
Succinct summation of week’s events: Positives: 1) Jan Payroll gains show big upside surprise of 243k, about 100k more than expected, unemployment rate falls to 8.3% 2) ISM services index rises to best since Feb ’11 3) ISM mfr’g up 1 pt but touch less than expected 4) Jan vehicle sales at 14.1mm is best...
Thursday Night Open Thread
Hey, its been a while — hat say we open up the floor for any and all topics? What’s on your collective minds? What is interesting/curious/provocative/entertaining — no subject off limits.
Emerging markets? Dividends? More bond rally? ...
The All-January Barometer Is No Better Than Assuming The Stock Market Will Go Up Every Calendar Year
Consistent with their bullish mood and histrionic reporting, CNBC talking heads are touting that the stock market’s performance in just ended January was the best in 15 years and that when it has been up, the rest of the year has been up 87% of the time. The statistical truth is that January’s performance has...
Earnings Season: Lackluster Earnings, Weak Guidance
MarketBeat (WSJ Blog) – Here’s Another Reason To Fret Over Earnings: Corporate Guidance Not So Hot The lackluster quarterly earnings season has been well documented, but weak corporate guidance is perhaps the more important takeaway from this reporting period. With earnings season almost halfway over, more companies are offering downbeat views as opposed to optimistic...
How Bullish is the Golden Cross ? (UPDATED)
Pinging around trading desks last week was a report from Birinyi Research on the Golden Cross. Given where prices are (and the days dropping off the MA from 200 days ago) the S&P Composite is likely to see the Golden Cross soon Here’s the excerpt: “There were 26 instances in the past 50 years when...
Consolidating Early Gains or Topping Out?
click for updated futures > After a blistering open to the year — markets gained 5%+ in the first 3 weeks — this past week was kinda flat — S&P added one point (not % — but a point) while the Dow lost 1/2%. Nasdaq, dragged upwards by Apple might Quarter, gained 1%. The key...
Barron’s Cover: Don’t Lose My Money
“Things in the U.S. aren’t nearly as bad now as they were back in 2008 and early 2009, but don’t try and tell the retail investor that. They’re truly spooked.” -Justin Walters, co-founder of Bespoke Investment Group. > Here we are 12 years into a secular bear market, and the concern amongst investors is capital...
Succinct Summation Of Week’s Events (01/27/12)
Succinct summation of week’s events: Positives: 1) Italian and Spanish bond yields continue lower, 10 yr in Italy below 6%, Spain’s below 5% 2) German IFO business confidence rises to 8 month high 3) German consumer confidence at best since April 4) Euro zone mfr’g and services composite index unexpectedly moves back above 50, led...
How Much Rally Is Left?
Wed, Jan 25, 2012 8:45 AM EST > Source: Market Rally of 2012 Is Almost Over: Bianco
Average Correlation of S&P 500 (1986-2012)
A preview of this afternoon’s discussion on correlation: > Click to enlarge: Source: Bianco Research
Correlation Nation: What Causes Unprecedented Market & Asset Class Correlation?
> I am the keynote speaker today at the Dow Jones event: Correlation Nation: What happens when all markets and asset classes are in correlation? As markets trade on headline risk versus pure fundamentals, finding a winner is more challenging than ever before. Kelly Evans hosts a panel discussion afterwards, with a reception to follow....
