Finance
Anticipating The Employment Report For August: ADP Number 6K Abov
The economic mover and shaker this week is Friday’s employment report from the Bureau of Labor Statistics. This monthly report contains a wealth of data for economists, the most publicized being the month-over-month change in Total Nonfarm Employment (the PAYEMS series in the FRED repository). Today we have the September estimate of 200K new nonfarm private employment…
Update: The S&P 500’s Worrisome Downturn In Drawdown
Last Friday I reviewed some of the bearish signals that were casting dark shadows across the US stock market. This week’s trading activity through Tuesday isn’t helping. Drawdown for S&P 500 as of yesterday (Sep. 29) has slipped deeper into the red, falling to -11.6%. The slide below the -10% mark triggered another red signal for the Crash Risk Index…
Morning Call For September 30, 2015
OVERNIGHT MARKETS AND NEWS December E-mini S&Ps are up sharply by +1.23% and European stocks are up +2.53% as a rally in copper boosted miners and commodity producers. Also a rally in China’s Shanghai Composite reduced Chinese economic concerns. European automakers rose, with Peugeot Citroen up over 6%, after China said it will cut the…
Stocks, Futures Soar As Europe Joins Japan In Deflation, Surge Dr
Terrible economic news is wonderful news for markets, all over again, and with the worst S&P 500 quarter since 2011 set to close today, some horribly “great” news is just what the window-dressing hedge funds, most of whom are deeply underperforming the broader market (not to mention Dennis Gartman) ordered. Days after Japan returned to deflation…
What’s Going On With The Stock Market At The Moment?
Have you heard the news? The stock market has started to collapse and all the various news outlets are speculating about what’s going on and why this is happening all of a sudden. Many of the major news sites are talking about a company called Glencore and how it could be the next Lehman Brothers, in…
Biotech Sector Leadership Merely Back On Bull Trend
I was going through my chart lists and stumbled upon this monthly chart of the BTK-NDX ratio that was created many months ago to show the secular bull market in Biotech sector leadership (over large, varied tech), which at the time had gotten too far above its monthly EMA 30. The orange box was created…
Emerging Markets Recover With Equities, Euro And Yen Ease
The end of a horrendous quarter of equities and emerging markets is generating a sigh of relief that is helping lift those battered markets. The MSCI Emerging Market is up almost 1.75% prior to the open of the Latam markets. Its Asian-Pacific Index is up 2.1%. The Dow Jones Stoxx 600 is up 2% near midday…
EU Session Bullet Report – Markets On Course For Worst Quarter Si...
US stocks halted a five day slide yesterday recovering slightly, however, on-going concerns show little signs of halting the global selloff. In Asia this morning, stocks also recovered slightly from yesterdays multi year lows, but around the world, stock markets are set for their worst performing quarter since 2011. EURUSD & USDJPY remain unpredictable as…
Gold: 1120 Support Will Be Key
Gold futures have been particularly rough over this week despite a promising rally late last week. Gold gave up all of its gains and is down -1.73% for the week. On a broader perspective, there is a scope for a Gold rally above 1122/1125 support, which could see a rally towards 1150 resistance and eventually…