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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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  • Weak Volume This Morning May Make For A Quiet Friday 0 comments
    Dec 10, 2010 1:00 PM
    Morning Notes
    -Overseas markets are mixed- note: on low volume
    -Shanghai Comp was strong, closing up slightly over 1%
    -Strength in China attributed to better than expected Trade Balance number
    -PBOC tightened its monetary policy as speculated by raising bank reserve requirement by 50bps, which was announced after their mkt close- no real reaction in overseas mkts though
    -S&P futures were up in the pre market
    -October Trade Balance: -$38.7B vs. -$44.5B; prior revised down to -$44.6B from -$44.0B
    -Futures have pulled in since trade balance data release, pulling back below R3 pivot level
    -Meanwhile, dollar bounces a bit
    -S&P futures open on the R3 sell pivot signal
    -U.Mich Prelim: 74.2 vs. 72.5
    -Futures pull back following data release
    -Now futures are up 1.5 from FV
    -Treasury budget at 2p ET today

    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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