Month: February 2013

Economic Surprise Index vs. S&P 500 Trend

There have been many negative surprises recently related to the eco data in the U.S. and that is telling us something. Even though there have been some points that have been resilient (manufacturing), the overall results have not been very bullish. Yet, the markets are reading the positive surprises as...

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Economics for the Week Ahead – Light(ish)

After last week’s waterfall of data, this week we have a bit of a respite. Factory orders and the ISM Service index will be the most important considerations for the week. Initial claims will also be watched as the tick up last week was not anticipated.

We are also seeing that...

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The New Markets – Backward Looking Is What Counts (Payroll Report)

The most recent earnings season has seen a great deal of earnings beats while guidance from companies has been lowered. That has been music to investor’s ears as they look past management’s comments and focus on the last quarter.

Usually markets are considered forward looking, but that does not seem to...

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