Monthly Archives: April 2013

Update: Equities Lower On Weak Manufacturing Data, Focus Turns To Fed

U.S. stocks opened mixed on a slew of disappointing earnings reports, but quickly moved lower at 9:45AM after a very weak from Chicago PMI indicated that manufacturing conditions have deteriorated significantly. The market is coming off yesterday’s all-time closing high of 1,594 with the S&P 500 off -0.3% to 1,588 as of 10:35AM. Despite the […]

ADVISORY SQUAWK BOX – WEEKLY HIGHLIGHTS (WEEK OF APR. 29th, 2013)

Click here for audio podcast:   WEEKLY MARKET UPDATE – PREVIOUS WEEK RE-CAP:  (4/22 – 4/26) Monday (4/22) – Stocks climbed, led by gains in the Nasdaq after reports that activist investor ValueAct Capital took a $2 billion stake in Microsoft, while a jump in the shares of Caterpillar helped buoy the Dow industrials. (S&P […]

Update: U.S. Stocks Rise Amid Jobless Claims, Earnings Reports

We’re seeing the broader equity averages continue to push higher in resilient fashion as investors continue to digest a heavy round of mixed corporate earnings releases, data showing a sharp drop in weekly jobless claims, and surprisingly better-than-expected British growth data. The S&P 500 is breaking out a bit this morning (shrugging off any buyer […]

China’s “Ghost” Cities

doublewood’s perspective on the Ghost Cities segment that 60 Minutes did last month: It’s a good script, and a production that can win prizes in Hollywood, but not for journalism I hope. In trying to drive home an all-too-simplistic and preordained editorial position, CBS took tidbits of images and cut and paste them with English-speaking talking […]

Update: Equities Mixed, No Direction – Heavy Earnings Day

We are seeing the broader equity averages basically flat line this morning, as investors are sorting through a heavy round of mixed corporate earnings releases and reacting to a concerning read on Durable Goods.  In addition, the S&P 500 appears to be bumping up against some near-term technical resistance at the 1,580 level, which is […]

Update: Stocks Rise On Earnings Beats, Homes Sales Data

We are seeing a very bullish start to the trading day on strong corporate earnings, a decline in sovereign-debt yields in the Euro-zone, including the distressed Spanish and Italian markets, and encouraging U.S. home sales data. Please be aware that we are back at the upper end of our recent trading channel, with the S&P […]

ADVISORY SQUAWK BOX – WEEKLY HIGHLIGHTS (WEEK OF APR. 22Nd, 2013)

LISTEN HERE:  WEEKLY MARKET UPDATE – PREVIOUS WEEK RE-CAP:  (4/15 – 4/19) Monday (4/15) – The S&P 500 posted its worst day in more than four months, as big drops in the price of gold and other commodities  triggered a broad selloff in equities while the Boston Marathon bombings rattled investor confidence. (S&P 500 -2.3%) […]

Update: Equities Mixed – Boston, Earnings, Technicals and Commodities In Focus

Despite the heavy round of earnings releases across the corporate landscape today, we are witnessing a fairly quiet broader market trading session with the nation and trading community clearly distracted by the events unfolding in Boston. As of 11AM ET, we are trading 0.6% higher on the S&P 500 with the Dow down by 0.2%.  […]

Boston bombing suspect

CBS News Contradicts Itself In Latest Boston Bombing Coverage

In the CBS News article “FBI releases video of 2 Boston bombing suspects,” the video at the top tells the latest of what authorities think they know about the Boston bombing.  Which, according to host Bob Orr’s report, is that a white college-looking dude put down his backpack, then ran away after the first bomb […]

What’s With Japan? A Commentary by doublewood

The Japanese are prone to act in extremes.  For example, they see aesthetics and poignancy in their own death.  But that depends on whose point of view it is when a Japanese kamikaze pilot plunges his plane to kill his American enemies.  When Japanese politicians continue to worship their WWII war criminals twice a year in a […]

Update: Stocks Extend Losses On Mixed Earnings

U.S. stocks are struggling to stage a bounce back from yesterday’s sharp drop, as investors digest a slew of earnings results and data that had jobless claims little changed last week. Relatively mixed corporate earnings continue to be very much in focus as traders look for market direction, but a very weak read on the […]

Update: Stocks Lower On Disappointing Earnings And Commodity Weakness

We are seeing equity weakness once again this week, with stocks retreating from yesterday’s rally as investors contend with less-than-hoped for earnings results and continued Euro-zone growth concerns, as European shares fell for the fourth straight session. The pace of global growth is certainly continuing to rattle investors, with commodity market pressure still very much […]

Update: Equity Futures Rebound (+1%) – Solid Earnings & Eco Data In Focus

We are seeing a nice rebound in S&P 500 equity futures this morning, as investors appear set to buy into yesterday’s sell-off despite the remaining questions and concern still surrounding the Boston Marathon bombings.  Numerous factors are helping increase sentiment prior to the open including: encouraging U.S. corporate earnings, very strong U.S. Housing Starts data […]

Update: Boston Marathon Explosions – Stocks Extend Declines In After-Hours

The markets are acting extremely skittish in after-hours trading, on the heels of a pair of bombs exploding near the finish line of the Boston Marathon on Monday afternoon, killing two and injuring at least 23 people. With approximately 30 minutes left in trading, two blasts within seconds of each other were heard slightly more […]

Update: Equities & Commodities Under Pressure – Weak Chinese & U.S. Eco Data

After last week’s historic equity market run to new all-time highs in the S&P 500, we are seeing a notable pullback on the open to begin the week in reaction to weak economic growth data out of China and a concerning read on U.S. regional manufacturing numbers in the U.S.  In addition, we are seeing […]

Financial crisis

Update: Gold and Commodities Sell-Off

FYI – We are beginning to see some deflationary concerns sweep over the markets this morning, hitting commodities particularly hard. Traders are citing weak financial markets/economic data, a firmer dollar, pressure from a draft plan for Cyprus to sell bullion, and technical breaches for the sell-off. The early-morning declines in precious metals have turned into […]

Gold Triple Bottom

While the equity markets are hitting fresh all-time highs, and appear a bit overbought/frothy, the gold market is re-testing lows from December 2011. Despite the recent bearishness in the metals space, we are beginning to see the formation of a triple bottom in the spot gold price. We’ve been range bound between $1,790/ounce and $1,550/ounce […]

Update: Equities Higher On Divided Fed Minutes

U.S. and European equities remain strong, holding onto their gains after minutes from the Federal Reserve’s last meeting were released several hours early, indicating that members continue to be divided over how long the central bank’s bond-buying should continue. The Fed released the minutes early after discovering that some copies had been sent by mistake […]

ADVISORY SQUAWK BOX – WEEKLY HIGHLIGHTS (Week of Apr. 8th, 2013)

For audio podcast, click here:  Squawk Box_04.08.13 To listen live: When: Every Monday at 11:00 AM to 11:20 AM (GMT-05:00) Eastern Time (US & Canada). Where: US Toll Free: 1-877-384-0533; Participant Passcode: 73518394 then # Squawk Box Topics (Week of April 8th, 2013)  Broader Market Recap & Previous Week Re-Cap: PREVIOUS WEEK RE-CAP:  (4/1 – […]

Update: S&P 500 Technical Support at 1,540

Despite the dismal jobs report, U.S. equities are showing some resilience as we head into afternoon trading. After falling as much as -1.3% out of the gates, the S&P 500 has pared back some of its losses, currently only off -0.8% to 1,547, as of 11:30AM. All the slack in the labor market is sure […]

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