Only Sentiment Holding Back Bulls
The markets begin a new week with a huge stream of earnings on tap including Intel, JP Morgan and Goldman Sachs. The European Central Bank is scheduled to meet and there are a number of important economic releases with inflation being front and center. On Friday, it’s April options expiration. The major indices look neutral to positive as the S&P 400 and Russell 2000 are a whisker away from all-time highs while the S&P 500, NASDAQ 100 and Dow are […]
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Date: April 13, 2015
Market Getting Tired
Here is Monday’s segment we did on CNBC which remains our position today. http://video.cnbc.com/gallery/?video=3000103231&play=1 Stocks have been on a nice little run this week with a dearth of news out of Europe and generally better than expected earnings from bellwether companies. Keep in mind that the earnings “beats” are after Wall Street cut estimates over the past month and the general sentiment regarding earnings had become so negative that it should not be a surprise to see them bettered. This […]
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Date: July 20, 2012
Stocks Slide on Tepid Jobs Growth Number
On Friday’s CNBC segment, I spoke about the range bound market with the potential for a fall swoon before the election. But in any market, there are always opportunities and this time is no different. http://video.cnbc.com/gallery/?video=3000101361&play=1 So far this week, stocks have not behaved well, but it’s far from a rout and the trading range continues. On Wednesday, we get a peak at the minutes from the Fed meeting and folks will take any scrap of comments that leads to […]
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Date: July 11, 2012
Europe’s Debt Problems are Here for Many More Years
In my bi-weekly interview with my friends from ET NOW in India, I continue to share my long-term view that Europe’s debt problems are not going away anytime soon. Although that may seem bad on the surface, markets have a way of discounting known and anticipated news into current prices. Remember 2008? Who could forget it?!?! The stock market turned down long before the economy and news. And right at THE bottom in March 2009, the news was about as […]
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Date: April 22, 2012
The Fed, QE and Earnings Season
I had a great time with the folks at Yahoo! yesterday in New York in their brand spanking new studio. We tape three fairly controversial segments and Matt Nesto knew exactly how to bait me just right! Here is the first piece. Enjoy! http://finance.yahoo.com/blogs/breakout/move-bernanke-qe3-115057583.html#more-13067 In case you missed it, The House of Mirrors has officially taken the place of The Earnings & Fundamental Palace on Wall Street. I say this at a time when the aspirations and way forward for […]
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Date: April 17, 2012
