Post Tagged with: "stocks"
Why You Should Be Checking the VIX Daily
by Vedran Vuk Most regular market-watchers peek at the Dow Jones Industrial Average and the S&P 500 daily, but there’s another important index to follow regularly, the VIX (which is the ticker symbol for the Chicago Board Options Exchange Market Volatility Index). Often in the news, the VIX is described as an index of volatility
Dollar Doldrums
by Annaly Capital Management We attended a conference this week hosted by Grant’s Interest Rate Observer, which is always a mix of long and short investment ideas and bullish and bearish macroeconomic observations. This one was no different, although if any one theme could be gleaned from it, that theme would be frustration at the
Market Is Facing Major Headwinds
by Comstock Partners The current market rally is not based on a self-sustained typical economic recovery, but on blind faith that the Fed can pull out a magic wand and cure everything with another round of quantitative easing (QE2). As we pointed out last week, this a desperate attempt by the Fed to try non-conventional
FUD for Thought 2: What, Me Worry?
This is the Golden Age of Fed Watching. And we’ve done our fair share. On a day when we have speeches from 5 Fed presidents and 1 governor, what more is there to say that hasn’t already been said? Faith in the Fed is high, and capital market FUD (Fear, Uncertainty, and Doubt) seems to
The Fed wants asset price inflation not consumer price inflation
The Fed’s intent is not to create consumer inflation, but rather asset inflation — primarily in the equity market. By pulling longer-term bond yields lower, the Fed hopes that this will alter how investors value equities relative to the fixed-income market. Moreover, the Fed will be actively pushing up the value of bonds that exist
Chart of the Day: S&P still above Lehman crisis level despite pullback
Despite the small pullback in equities today the momentum is higher on the US stock market, golden cross and all. Below is a chart that Andy Lees of UBS put up in his morning note today. It shows that we are now back above "the Lehmans level." There are risks here, though. Andy writes: The
Chart of the Day: S&P Up Gaps Make Up For Mutual Fund Equity Asset Loss
A well-regarded US-based equity analyst had this to say about the preceding chart: Here’s a surprising tidbit: if the S&P 500 Index were to finish lower today, it would mark the 10th negative performance in the last 16 sessions. Yet, we are 1.9% higher than we were 16 sessions ago as of 12:20 p.m. this
A letter to Senator Scott Brown – The Fed’s Political Interference Must Be Stopped
Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009). The Honorable Scott Brown United States Senate 317 Russell Senate Office Building Washington D.C. 20510 Dear Senator Brown: I am a constituent who would like to help. My
Holiday Edition Capital Markets Subdued
The US dollar is little changed against the major foreign currencies as the consolidation seen at the end of last week continue. Holidays in Japan, Canada and the United States contributes to the subdued tone. The euro made a brief run above the $1.40 level in early Asia, but it was not sustained. Support is
Quantitative Easing’s Effects on Stocks are Positive. What about Gold?
Jim Bianco was on Bloomberg TV on "Taking Stock" talking about the US dollar. Bianco also discussed Federal Reserve monetary policy, US stocks and corporate earnings. Bianco makes a few points on monetary policy that I made, namely that the stock market doesn’t look so hot on a non-dollar denominated basis because, while stocks are
Rosenberg: "I love gold but…"
In David Rosenberg’s latest daily market commentary, he showed some concern about the rally in gold and suggested near-tern caution. Rosenberg writes: I LOVE GOLD, BUT…. ….The recent surge is the same chart as in March 2008, November 2009 and May 2010 … followed by meaningful corrections … that were to be bought. This market
David Tice: “You Can’t Print Your Way To Prosperity”
David Tice, chief portfolio strategist for bear markets at Federated Investors, talks to Bloomberg about the outlook for the U.S. economy and stock market. He is expecting to see signs of a `Double Dip’ Recession. He also discusses his investment strategy which favours gold and silver. Tice is the chief portfolio strategist for bear markets