Well, that was ugly. Nothing for bulls of any kind to latch onto last week: Markets deteriorated technically, and political hurdles to the market’s progress, once hurdled, seemed not to matter. GDP came in strong but was not the sort of sustainable strength (an inventory issue vs real demand) that the market needs to see. […]
Ecodata Watch: GDP came in a little hot to forecast at 5.7%, see story here In Today’s Post: Holdings Watch Commodity Watch Natural Gas Storage Review Stuff We Care About Today – WRES Odds & Ends Holdings Watch $10KP II: $15,700 50% Cash The Current Holdings tab is updated. I will update the $10KP […]
Market Sentiment Watch: Cautiou State of the Union: Last night the speech sent S&P futures from flat to up 7 points by the finish on the speech’s jobs focus. On energy there was a small section on green jobs and an almost lack of commentary on an Energy Bill other than to say one […]
Market Sentiment Watch: Nervous trading before the FOMC announcement later today (no hike expected of course but language still important), the State of the Union address tonight, GDP Thursday, and Ben’s confirmation (on Friday?). So the same as yesterday and probably the same for tomorrow. Bears continue to right off any small rally as noise […]
Market Sentiment Watch: Market still in cautious mode before Bernanke confirmation, State of the Union speech and fourth-quarter GDP revision. President Obama will reportedly call for a 3 year partial budget freeze which may also move the market depending on which things are frozen but if you read the story in this link you’ll […]
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