Daily Options Wrap - September 8th 2008
The market had a very robust day to the upside on Monday and there was reason to believe that there are good things going on in the US corporate environment. However, the investor fear index was not as committed as stock index prices which means...
REVIEW: 8 September 2008
A runaway USD dominated the trends in the forex today including a major retracement across the commodity currencies from an oil price whipsaw. Traders seemed to respond positively to the acquisition of two large mortgage industry players in the US by the government...
The week ends with a strong trend in the market towards weak commodities and a stronger USD. These kinds of breakout trends are great profit opportunities and come along all too infrequently. At this point our job becomes less about forecasting and more about preparing for potential disruptors...
REVIEW: 4 September 2008
The ADP report and retail sales in the US rocked the equity markets to the tune of -74 points on the S&P 500. The move was reflected in a flight to quality with the 10-year note taking off and yields falling to 3.6%. The decline shows how fragile investor sentiment is...
Today's release from ADP showed a net decrease of 33K jobs from the US economy. While I have greater confidence that the ADP sample is more accurate than the same numbers from the BLS that will be released on Friday, this number is still too close to zero to have any level of confidence that...
Now that our oil troubles are over (hint: I am being ironic) we can start looking at stocks that are likely to see the most immediate bottom line benefit from lower energy prices. In order to do this I will typically start by doing an internet search on a good finance portal to find a stock that...
REVIEW: 3 September 2008
The Bank of Canada left rates alone at 3%, which was not necessarily a surprise but the statement was seen as surprisingly hawkish. Whether the Canadian economy is able to live up to expectations is a big question mark but the news may have helped push the CAD against...
by John Jagerson
It is the last week of summer and the market seems to be on vacation in many ways. However, there were some interesting developments today that may lead to an opportunity in a cross. The EUR/USD jumped up a little today on some well placed verbal intervention from Axel Weber...