Impact and Outlook for the U.S. Economy on Rate Cut - September 23, 2024 0:38

This week’s Federal Reserve cut in interest rates by a half-percentage point rippled through the U.S. economy, with economists, business owners, and investors pondering its impact. Not only did the rate slash, which reduced borrowing costs from their highest in two decades, resulted in America’s major share indices declining on the day but sharply recovered. […]

Weak Payroll Data Sends Stocks Higher - May 4, 2024 12:04

The release of weaker-than-expected payroll data has spurred speculation that the Federal Reserve might cut rates early this summer. On Friday, U.S. stock indices surged accordingly. The government of the U.S. reported that the economy added 175,000 new jobs this April, marking a significant decrease from March’s outstanding figure of 315,000 and lagging behind the […]

U.S. Stock Indices: A Dance Between Optimism and Fear - October 14, 2023 19:01

U.S. stock indices are currently dancing on a tightrope, balancing between optimism and fear. While there are signs of growth and recovery, external factors, such as geopolitical tensions and domestic economic concerns, are acting as counterweights. Starting off with Friday’s numbers, U.S. stocks predominantly leaned towards the negative side. The S&P 500, often considered a […]

Latest Hilsen-Rumor Put Cherry on Equity Rally - June 13, 2013 21:19

After last night’s thrashing on the TOCOM which saw the Nikkei 225 drop 843.94 points to close at 12,445.38 (or minus 6.4%) the US equity markets were looking at another potentially ugly day. But the Yen abruptly stopped appreciating and began turning back toward Â¥95, which it achieved just before the publication of the latest […]

Non-Farm Payroll Report Sends Equities Soaring - June 8, 2013 2:07

Days like today have me hearing echoes of Bob Cole on Hockey Night in Canada running through my head, “Stick Save!  And a beauty!”   The S&P 500 was well on its way to putting in  a full-blown reversal bar on the weekly chart this week with a close below 1626.40.  Considering just yesterday the markets […]

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 […]

Brent Arrests Slide as WTI Spread Widens - February 13, 2013 1:39

Brent Crude prices reversed a two-day slide that began last Friday after coming within sight of $120 per barrel on short-term inflation expectations.  In doing so the spread between it and West Texas Intermediate Crude widened back above $20 per barrel.  The spread had narrowed considerably on the re-opening of the Seaway pipeline.  But traders […]