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Jeremy Frommer, CEO of Hedge Fund LIVE Jeremy Frommer has 20 years of industry experience and is currently responsible for general management and leadership of the General Partner. Previously, Mr. Frommer was a Managing Director and Head of the Global Prime Services Group (“GPS”) at RBC Capital... More
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  • Futures Up in the Pre Market Ahead of Slew of Data Today 0 comments
    Nov 24, 2010 9:31 AM
    Morning Notes
    -Overseas markets were mixed, but generally positive
    -Nikkei was down, but probably just in “catch up” mode as they were closed yesterday when the N.Korea news came out
    -Kospi, which was also closed by the time the news came out, closed down just 15bps, well off its lows as it did drop 2%
    -Ireland’s debt rating lowered by S&P, though this was expected for the most part
    -German IFO number (measures business confidence) came in better than exp.
    -Weak euro would help German exporters
    -Irish, Spanish, Greek, and Portuguese yields continued to increase
    -As tomorrow is a holiday, Jobless Claims are out today @ 8:30a EST
    -A lot of data out today: Durable Goods, Personal Spending, and PCE @ 8:30a; UMich Confidence @ 9:55a; House Price Idx and New Home Sales @ 10a
    -7-yr auction out as well today @ 1p
    -Ahead of 8:30a slew of data, S&P futures are up about 4 handles from FV, technically on the R3 sell pivot signal

    Disclosure: none
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