Market Sentiment Watch: Big week for ecodata with ISM early in the week and Payrolls on Friday being the obvious highlights along with the G20 summit, also at the end of the week. I’d expect less enthusiasm in the markets until the end of week numbers and European rumors play out. Given the recent rally […]
Well that was more like it. Energy in general remains undervalued despite the run and those that think that some of our names, being up 50% in the last month, are overheated, have not been paying attention to the price erosion over the summer or the fundamentals of the names themselves. But that’s OK, let […]
Market Sentiment Watch: Talk about Greek fire. If only we’d known that all the EU had to do was trash half of Greece’s debt to inspire a 4% US rally I would have voted for that option months ago. Yeah, it sets a bad precedent but at least it feels like the EU has some […]
Market Sentiment Watch: EU deal reached to trim Greek debt by half has been agreed to. And the crowd goes wild. On the local economic front GDP for 3Q came in at more than double the rate of 2Q. And the crowd goes wilder. In energy land today we got better looking earnings out of […]
Market Sentiment Watch: European Summit is just about the only thing on traders minds today. This too shall pass. F and BA reported mixed and strong results respectively in the land of non-energy earnings providing a small, early boost to futures and at this early hour the EU has a draft statement out regarding bank […]
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