The last three days trading is all about the benjamins – the dollar, that is. The better than expected Friday November Jobs Report has triggered a powerful rally in the dollar. That’s because it has led investors to believe that…
Intel (INTC) this morning raised their 3rd quarter revenue guidance from $8.5 bil +/- $400 mill to $9.0 bil +/- $200 mil. That’s some genuinely bullish news though $9 bil is still 12% below revenues from 2008’s 3rd quarter of…
On the heels of last Wednesday’s 282 point, 6.5%, sell-off in China there was another selloff in China last night (Monday June 4). The Shanghai Index was down 330 points, or 8.26% – comparable the 269 point, 8.85%, sellof heard…
The January CPI came in up .4% compared to last month while the core CPI was up .3% (January 2008 CPI Report) – each .1% above Wall Street expectations. Combined with oil’s surge to $100 yesterday, this has put inflation front…
The emergence of a new strain of COVID (B.1.1.529) caught markets by surprise Friday and will be the focus in the days to come. Friday’s nasty selloff has also given the ball back to the bears. We’ll see if they…
What’s up with the volume? The NYSE Consolidated Tape volume (all trading in all NYSE stocks on all exchanges), was 4.1 billion shares yesterday [Mon Jan 4], pretty anemic considering that we averaged over 5 billion shares a day in…