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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... More
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  • Choppy Trade Before the Bell This Morning 0 comments
    Dec 8, 2010 11:46 AM
    Morning Notes
    -Trading is mixed in overseas markets
    -Interesting move in China- it announced it will change CPI data release to Saturday from Monday
    -This move triggered speculation that rate hike will come soon, perhaps this weekend
    -Hang Seng sold off 1.4% and the Shanghai closed down 95bps
    -Nikkei, however, was up about 90bps, helped by a weaker yen
    -German exports data came in weaker than expected
    -Bank of France increase Q4 GDP outlook
    -Dollar showing strength this morning
    -Commodities are down a bit
    -Nothing on the economic calendar for today (has been a quiet week so far for economic data releases)
    -A couple of positive corporate news in the U.S., however: HD announced an improved outlook, raising FY11 guidance and COST reported solid earnings
    -S&P futures are somewhat choppy this morning; currently up 1.5 handles from FV, trading on the S3 buy pivot signal

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
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