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Thursday, April 18, 6:57 AM
S&P 500 (SPY) +0.35%, Nasdaq 100 (QQQ) +0.4% following yesterday's ugly session, with the two downside leaders - Apple and BofA - up marginally in the premarket. Helping is a moderate rally in Europe, which has really struggled of late - Germany's DAX's bad string has returned it to flat for the year.
2 Comments
Wednesday, April 17, 7:22 AM
Futures post sizable losses - the S&P 500 (SPY) -0.7% and Nasdaq 100 (QQQ) -0.8% - as Europe fails to participate in a fairly broad global rally, the Stoxx 50 (FEZ) off 1.3%. Also not helping are Bank of America and Yahoo down more than 2% following earnings.
6 Comments
Tuesday, April 16, 8:57 AM
Stocks are "far from the overextended levels that prevailed at the prior peaks," says BAML, comparing the S&P 500 (SPY) today to March 2000 and October 2007. Earnings and dividend yields today are far higher; PE ratios, Price/Book, EV/EBITDA are all lower. "Third time a charm?"
1 Comment
Tuesday, April 16, 7:05 AM
S&P 500 (SPY) futures show at least an early bounce from yesterday's sorry action, +0.5%. Nasdaq 100 (QQQ) +0.6%.
1 Comment
Monday, April 15, 10:48 PM
Precious metals continue lower in volatile trade this evening, gold (GLD) off another 1.3% to $1,343/oz., and silver (SLV) tacking on another 3.3% in losses to $22.57. WTI crude oil slides 2.4% to $86.60/barrel. Stock index futures, however, show signs of a rebound, the S&P 500 (SPY) +0.3% and Nasdaq 100 (QQQ) +0.5%.
12 Comments
Monday, April 15, 3:50 PM
Calling recent stock market action a "buying stampede" unlike anything he's seen in more than 50 years of watching markets, Jeff Saut says the investors he talks to believe the rally is "artificially induced" and is set up for a crash. The big picture: QE remains, profits have risen along with stocks, the Advance/decline line has broken out to new highs - "there is nothing in the 'tea leaves' suggesting a repeat of double-digit declines" seen in the past 3 springs.
15 Comments
Monday, April 15, 3:03 PM
An explosion near the finish line of the Boston Marathon shakes stocks up further, the S&P 500 (SPY) dipping to a new session low, -1.8%.
17 Comments[Breaking News]
Monday, April 15, 12:38 PM
The S&P (SPY) and Dow (DIA) have continued to notch record highs, but small caps (IWM -3%) - which led the way higher for much of the year - rolled over a few weeks ago and are falling especially sharply today. Technicians fret.
1 Comment
Monday, April 15, 11:24 AM
A 2.5% move up in Citigroup following earnings is allowing the banks (XLF) to tread water or even move higher in an otherwise bright red tape. Leading the S&P on the downside is the resources sector, XLE -2.9%, XLB -2.5%. S&P 500 (SPY) -0.7%.
Comment![Financials]
Friday, April 12, 4:35 PM
Goldman follows up on last night's 16,000 Nikkei prediction with a 1900 target for the S&P 500 (SPY) by the end of 2015. The firm posits a scenario wherein pretty much everything that can go right, does: U.S. stocks will see "strong earnings growth, good dividend yield, and expansion in multiples" on their way to +9% annual returns. As for the risk to stocks posed by Fed tightening, GS notes that "historically, increases in yields from low levels driven by better growth have been associated with rising rather than falling" equities. What about rising rates coupled with anemic growth?1 Comment
Friday, April 12, 11:38 AM
"We capitulate on our 'correction call,'" says JPMorgan's Tom Lee, bullish again after a brief foray into the bearish camp. Lee says the economy is stronger than he anticipated and even weak data (see retail sales earlier) is being "looked through."
10 Comments
Friday, April 12, 8:45 AM
The 10-year Treasury yield falls 5 basis points on the session to 1.74% following the weak retail sales print. TLT +1.1% premarket, with the last month's big rally in bond prices bringing it back to flat YTD. S&P 500 (SPY) futures dip to a session-low, -0.5%. The QQQs off 0.5% premarket.
1 Comment[U.S. Economy]
Monday, April 8, 2:17 PM
Moderate early losses are erased and stocks turn higher in afternoon trade, SPY +0.35%, QQQ +0.3%. Consumer goods stocks lead the way, the XLP +0.8%, the XLY +0.7%.
5 Comments
Monday, April 8, 12:28 PM
"Short the S&P (SPY) at (your) peril," David Tepper tells CNBC, remaining bullish on U.S. equities thanks to a worldwide search for yield and safety. Bank depositor haircuts in Europe and devaluation in Japan (he's bullish on Tokyo stocks as well) will drive even more money into both U.S. stocks and fixed income (TLT).
3 Comments
Friday, April 5, 9:16 AM
The 10-year Treasury yield sinks to 1.68% - the lowest level since December - in wake of the jobs report. The so-called Great Rotation out of fixed income and into equities has reversed dramatically over the past 5 weeks. TLT +2.4%, SPY -1.2% premarket. Today's WSJ has a piece about bond-oriented hedge funds reshaping themselves into equity players. Can't make this stuff up.
8 Comments
O. Young Kwon <$BND $VTI $SPY $TIP $VWO $PHB> The Daily Market Condition (DMC) (5/22/2013) updates A NEW Market Condition Monitor with Two Indicators:<c>
Quoth the Raven Loading gold and silver while they're cheap and unappreciated. I'll be thanking myself in the next bear market, coming soon. $GLD $SLV $SPY
Quoth the Raven Bernanke - hike up your skirt, grab your balls and drop the hammer tomorrow! I'm loaded $SLV and $VXX and I'm tired of 0% interest.. $SPY
Tue, 7:58 PM
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Agbug: Just my guess, but was that why the raid on PMs Sunday night. Unwind the shorts in advance????? We shall see.
Mercy Jimenez: x oil-field thx 4 first link - it was excellent! My strategy differs but my analysis is in synch; sitting on 95% cash 4summer and lovin it.
May 7, 10:18 AM
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x oil -field: @Mercy Mr.Joseph Stuber has ~ gives a very articulate honest perspective on the market(s) I believe.JMHO
O. Young Kwon <$BND $VTI $SPY $TIP $VWO $PHB> The Daily Market Condition [DMC] (5/7/2013) updates A NEW Market Condition Monitor with Two Indicators:<c>
O. Young Kwon <$BND $VTI $SPY $TIP $VWO $PHB> The Daily Market Condition [DMC] (5/6/2013) updates A NEW Market Condition Monitor with Two Indicators:<c>
realornot: I follow James A. Kostohryz. He is good so he speaks you need to listen & take actions!
May 5, 5:08 PM
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x oil -field: He does have interesting perspectives when it comes to looking at the interplay of markets.Would strongly agree.Title was a little off..JMO
Bulls I Win, Bears You Lose: Exited this trade. $SPY should have gone down, it went sideways instead, so it'll probably go up now.
May 2, 12:46 PM
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Bulls I Win, Bears You Lose: I should have gone long right after exiting this short. I was too biased. I'll wait for consolidation, then probably go long.
May 3, 10:49 AM
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