Market Preview

Japan jumps the shark!

“Jump the Shark!” is an idiom that typically describes a moment in the evolution of a television show when the quality declines and some type of gimmick is used in a desperate attempt to keep viewers interested. The term comes from a ...

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Japan Attacks!

Pre-market futures on a tear this morning, as the dollar index is rallying and gold is selling off. The Currency Devaluation War is heating up as the U.S. sits idle heading into the mid-term elections. We should expect the equity and bond market to ...

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Abeageddon

As we push through the half-way point of Q1 earnings season, we are again about to hear from the Federal Reserve. This will certainly be an interesting meeting and will be the last one until mid-June. This, of course, will bring the spectre of the ...

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Carry Trade Unwinds!

It looks like we are well on our way to forming the double bottom and could be putting in that bottom as early as today. We only have a few short days until the next FOMC meeting and it could very well end up that the Fed will set a firm and ...

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May ADP Report

Today we get a look at the health of private job sector with the ADP Report. I believe the market will remain in this support range and we will certainly experience intra-day volatility, unless any major economic news comes out before Friday’s ...

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Pending Labor Report

The market is holding at this support level as we wait for “Jobs Friday” when we get the monthly Labor Report, which has become the most anticipated monthly economic data point. Not only does it have political ramifications as the GOP ...

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Fed Speak - No Action

Yesterday’s market action was certainly interesting. The market was paused looking to go higher on word the Bernanke would keep his foot on the accelerator, while at the same time the VIX was pricing in options premium that was concerned about ...

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Dollar and Inflation (PPI)

Yesterday saw a solid move higher. It was driven in the pre-market with a rare interview with David Tepper (billionaire hedge fund manager). In 2010 he was Bullish the market, not because he was optimistic about fundamentals, but rather the market ...

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