Market Sentiment Watch: Benign data this morning, likely overshadowed by thoughts on U.S. response to Syria over the weekend and then the response to the response. Expecting a slow session by lunch time as traders head out for an extended 3 day weekend. In today's post please find the natural gas inventory slide show and an updated "near […]
Market Sentiment Watch: All eyes still on Syria; military action may be pushed back until next week (U.N. inspectors leave on Saturday). Meanwhile Russia is sending a missile cruiser into the area. In energyland, trading in several of our names pushed up on stronger oil but that move is very likely to be a tentative […]
Market Sentiment Watch: Markets obviously watching U.S. & allied response to Syria and yesterday's fear of military action that could lead to a quagmire has apparently given way overnight to a more probably response of targetted cruise missile strikes, not "balance of power changing" type stuff but more "teaching a lesson" type stuff. Oil rallied as is typical when […]
Market Sentiment Watch: We remain in a "bad news is good news" style market but news about the debt ceiling and the prospect of CNBC looking more like CSPAN is still an unwelcome prospect. Market didn't like reports of about a mid October debt ceiling timeline any more than it did the prospect of U.S. […]
Market Sentiment Watch: Last week of summer and a decent week for economic data prior to a deluge of data in next week's holdiday shortened stretch. Consensus from Jackson Hole last week was that the Fed's taper is on track to begin in September in gradual fashion. The Fed notes were a little […]
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