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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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  • Tuesday Morning Notes: FOMC 2-Day Meeting Kicks Off Today  0 comments
    Apr 26, 2011 10:12 AM | about stocks: KO, NFLX
     HedgeFundLIVE.comMorning Notes

    - Asian markets saw a bit of pressure today
    - In China, reports that PBOC raised capital adequacy requirement on its five largest banks
    - There was a lot of back and forth denying then confirming this rumor throughout the overnight session
    - Ultimately Chinese bank names sold off as a result
    - In Japan, S&P cut its outlook on six automakers and suppliers, sending the Nikkei lower, closing down 1.2%
    - European bourses are trading higher
    - UBS earnings helped add positive tone this morning
    - Dollar is weak again
    - Gold and silver pulling back
    - Lots of earnings out including NFLX last night, now trading lower; F this morning, now trading higher; and KO this morning, now trading lower
    - FOMC meeting begins today and continues into tomorrow
    - Tomorrow the Fed will release its initial policy statement at 12:30p; then Bernanke will give a quarterly conference call at 2:15p
    - Case Shiller Idx: -3.3% vs. -3.2%
    - April Consumer Confidence number out at 10a

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