There is not much that can be said to change the fact that today’s NFP series was atrocious. Fortunately, the dollar dropped hard and that was able to help equities from getting totally slammed. If you think about it, it is really kind of pathetic that the reason the markets...
2011-06-03
There was a great deal of action on Thursday as the highly anticipated initial claims release had the potential to shed some additional light on what to expect for Friday’s NFP report. Estimates have been coming down and now the concern is that without additional stimulus, the economy is going...
Recently, Bill Gross, Pimco’s bond market king, discussed why he is bearish on U.S. Treasuries. He also reported that he has recommended selling most, if not all, U.S. long-term Treasuries and actually went short. You gotta love this guy….
We have been waiting for the markets to wake up and...
Yesterday was a nasty day for equity markets…on a global scale. Now we are starting to see a good amount of commentary that expects economic reports to remain weak, and possibly get worse. So much for being ahead of the curve guys!
Doesn’t it seem as though that once the...
There has been a great deal of cheering as the ISM manufacturing and Non-Manufacturing index reports maintain over the “all important” 50 level. Over 50 is considered an economy in expansion and under, contraction.
When the lowest levels were hit during the 2008-2009 time frame, media reports were continually...
