Lucky Tuesday Has Gold on a YoYo - June 4, 2013 22:39

As Zerohedge likes to point out every week, Tuesday’s are the day of the week where the current equity rally makes its vig.  Check out the chart of the Dow with and without the last 20 Tuesdays — all up, mind you — that they posted this afternoon and you can see exactly how this […]

The Beat Goes On — S&P Sets New Record - May 14, 2013 23:56

All of the money being printed by the major central banks simply has nowhere else to go.  Today the S&P 500 rallied again late in the session as managed money went bargain hunting with newly minted dollars, yen and euros.  The benchmark equity index closed at 1650.34 (+1.02%) while the Dow Jones Industrial Average rose […]

Labor Report Sends Equities Soaring - May 4, 2013 15:33

While Friday’s jobs may have been more fiction than fact (see Dave in Denver’s breakdown of it here) that didn’t stop the computers from kicking the programs into overdrive and run some overhead short positions which took the S&P 500 over 1600 to close at 1614.42 and the Dow Jones Industrial Average briefly over 15000 […]

Commodity and Equity Bifurcation Continues Towards Plaid - April 23, 2013 21:42

The markets have gone plaid.  We had horrible Chinese and German flash PMI data come out this morning which kept commodity prices under duress all day. Copper continues its trek towards $3.00 per lb.  Silver broke back below $23 after challenging $24 yesterday. The grain complex was whacked across the board in late session trading […]

Dow Momentum Carries S&P Without Conviction Higher - March 8, 2013 2:50

I’m going to call a spade a spade here and say that it’s pretty easy to move 10-12 stocks in a price-weighted index like the Dow Jones Industrial Average which can have huge spillover effects into other markets, creating momentum-driven buying or selling — especially in today’s algorithm-based pseudo markets — that are completely divorced […]

Dow Sets Record, Everything Else is Contained - March 5, 2013 23:17

When Alan Greenspan was brought out of his coffin — only at night by the way — a couple of weeks ago he made it clear that the Federal Reserve believes it can create economic prosperity through the manipulation of perception.  And the greatest tool for attenuating the strength of the Fed’sreality distortion fieldis the […]

Single Currency recovers as Euro Bonds Stabilize - November 18, 2011 23:49

The euro recovered on Thursday as the investors were optimistic on stabilization of euro bond yields. The yield on the Italian 10-year government bond fell back to 6.81 percent from 7 percent in reaction to which the euro touched its intraday high of 1.3540. However, the Spanish government‘s 10-year bond still traded above the yield […]

Crude Oil gains on Tuesday in reaction to Bullish Stock markets - August 24, 2011 23:58

Crude oil futures surged on Tuesday in reaction to performing US stock markets. Crude oil futures for October delivery jumped 1.2 percent or $1.02 to settle at $85.44 per barrel on New York Mercantile Exchange. London’s Brent crude for October also surged 0.9 percent or $0.95 to $109.31 per barrel on ICE Futures exchange. Stock […]

Stock Markets Closed Lower on Wednesday on Disappointing Economic Data - June 16, 2011 13:06

US stock markets remained bearish on Wednesday as investors sold their position on weaker US economic data. US industrial production increased 0.1 percent in last month while analysts were expecting the increase of 0.2 percent. Dow Jones Industrial Average declined 1.48 percent or 178.84 points to 11,897.27 on Wednesday. Standard & Poor’s 500 index slipped […]