What A Reversal
After being up this morning on a strong October ISM Manufacturing report, the market turned course with the S&P dropping 20 points between 12pm and 1pm EST. Yowza.

After being up this morning on a strong October ISM Manufacturing report, the market turned course with the S&P dropping 20 points between 12pm and 1pm EST. Yowza.

Is the rally over, killed by higher rates? Not clear, but stocks are signaling that higher rates are going to be a major headwind. – “Stocks Signal Worries Over Higher Interest Rates”, Bob Pisani, Trader Talk, June 10 Note that…
Despite the action in the financials today, the surge in financials and selloff in energy of late is something to watch. Check out BeSpoke’s post, with the beautiful charts, today: “Trading Places: Energy And Financials”. A couple weeks ago I…
We have revised the outlook on the U.K. to negative due to our view that, even assuming additional fiscal tightening, the net general government debt burden could approach 100% of GDP and remain near that level in the medium term. …
After cutting rates dramatically (125 basis points cumulative) on Jan 22 and Jan 30 and notably weighting their concern towards economic growth, the Fed slowed down a bit today with a 75 basis point cut. It is a big cut…
For the medium term, I’d avoid emerging markets because of the froth there. – Chris Zook, Chief Investment Officer, CAZ Investments What we’re living through now is something of epic proportions. – Alan Conway, Head of Emerging Market Equities, Schroders,…
Commentators seem to be split on the important of the Fed’s 1/4 point hike in the discount rate yesterday after the close. Some say it’s meaningless and not to worry about it. Others see it was one of the first…