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Market Sentiment Watch: Market focused on jobs tomorrow as it thinks about shrugging off yesterday's surprisingly red GDP number. Busy day in energyland with flood of earnings from names we either own or care about in one way or another. In today's post please find comments on EXXI's FY2Q13 results and on a avalanches of [...]
Market Sentiment Watch: GDP came in well below estimates, and we now get to watch a majority of CNBC talking heads try to spin that into a smiley face. GDP was down on lower military spending and falling exports. Note to Congress on that first one. The consumer spending, business spending, and housing components did [...]
Market Sentiment Watch: Jittery Cliff Market remains in place. Geithner says debt ceiling will be crossed on Monday. Meanwhile energyland remains in holiday mode with little to nothing in the way of news. Pretty normal as those who like to get next year's guidance out before year end did so last week and those who [...]
Market Sentiment Watch: Thoughts on patience and the current market. We don't mean to sound like highway patrolman but to us at least, it's a marathon, not a sprint, and we drive better when eyes are focused on the horizon. We'll circle back with more cheesy metaphors if it helps. Most stuff out there [...]
Market Sentiment Watch: Troika reaches yet another Greek deal that reduces debt levels and allows financial aid to flow with the group commenting that they are satisfied with Greece's financial reforms to date. And the U.S. markets are yawning. Eyes turn back to domestic economy and the Cliff. Action very much a mixed bag at [...]
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