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July 16, 2024
After a fabulous day where the dow gained 240 points, s p advanced. 82 and nasdaq climbed. 90 i got to go there. I got to explain these universes. There is a universe with a booming economy then there is a universe with a faltering economy. One of them is a fantasy the other may be reality but occasionally they bleed into each other we can go everyone freaking out about a possible recession the market was down gigantically since then, though, we got a spade of incredibly positive earnings report...
July 16, 2024
Is bracing for two days of testimony from fed chair Jerome Powell on capitol hill along with the fed minutes, which will be released tomorrow it is all going down as the market hovers at record highs. So can powell deliver and is the fed about to spark another record rally guy . Yes. Why why eye of the tiger . Why survivor that song is brutal. It is not brutal. You chose that, right it is who survivor. Oh, yeah. I allow 10 seconds of needless chitchat. Because we have to. We usually do 59 minute...
June 28, 2024
Dow on track for the worst month since january. Icahn the latest the step down as an adviser to the president and now looks like there maybe communications with all of that and another shot fired in adps ackman battle. Well break down what that means. Four week losing streak for the nasdaq and given sort of these levels here. Not surprising that the dow is on track for the first month since january. I have been watching and reading and theres people that feel that a 2 correction was warranted. T...
June 25, 2024
6 00from london, just past in the morning here this thursday. The markets taking a pause, perhaps on the global stock rally we talked about in recent sessions. Let us focus in on the data coming up of the region over in asia, despite the fact that a number of markets are closed. This is the chinese number, declining of course for four still negative. That is what the uptick on the chinese ppi chart shows. Overnight showing the deflationary threat from china is substantially diminished. We will t...
June 24, 2024
Lets check on the markets for you. Two hours and 30 minutes away from the market opening in new york and futures are a little bit softer. The s p 500 futures are negative five. Over in europe, the stoxx 600 getting beaten up this week coul. The ftse off by 8 10 of 1 . Heres the dollar ahead of payrolls. The eurodollar 11426. The dollar on the back foot they re. A forecast for low inflation down under. Yields are creeping a little bit lower, down a basis point at 1. 4 for the 10 year. Big moves i...
November 14, 2023
Abscissaย - the horizontal baseline of a chart, x-axis.