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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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  • Another Day of No Economic Data Releases and Light Volumes 0 comments
    Dec 21, 2010 12:08 PM
    Morning Notes
    -Seeing pre market strength again today
    -Strength comes amid lack of response by N.Korea to S.Korea’s military test yday
    -Comments out of China: Chinese Vice Premier showed support of measures taken by EU and IMF and suggested China has taen steps to help EU with sov debt issues
    -BOJ left rates unch’d, as expected; also kept its asset purchase plans unch’d
    -In Europe, Moody’s warned that it may downgrade Portugal, which pulled back European stocks (which had initially pushed higher following Chinese Vice Premier’s positive comments)
    -Seeing some choppy action in the pre around the euro, commodities
    -S&P futures are up 5 handles from FV- no pivot signal generated, but respecting R3 and R4 in the pre
    -Expecting to see continued light volumes, especially in light of no economic items on the calendar for 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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