Monthly Archives: May 2013

Update: Stocks Resilient After Japanese Sell-Off

U.S. stocks opened sharply lower following a major sell-off in Japanese equities overnight, continued fears over Fed tapering, and weak Chinese economic data. However, encouraging home sales data helped stem additional pressure in this incredibly resilient market. Interestingly, from yesterday’s all-time high to today’s low is already a 3% correction nearly matching the worse drawdown […]

Technical Update: S&P 500 Reversal Day

Technicians will have a lot to talk about after today’s volatile trading. Specifically, the S&P 500 put in what’s known as a “reversal candle,” which is signaling to many that we finally may be in for that pullback that everyone has been looking for.  Essentially, we saw the S&P 500 hit higher highs from yesterday’s […]

ADVISORY SQUAWK BOX – WEEKLY HIGHLIGHTS (WEEK OF MAY 20TH, 2013)

Click here for audio podcast:  WEEKLY MARKET UPDATE – PREVIOUS WEEK RE-CAP:  (5/13 – 5/17) Monday (5/13) – Wall Street ended little changed as investors took a breather after indexes hit more record highs last week, but stronger-than-expected retail sales data kept declines in check. (S&P 500 – Unchanged)  Tuesday (5/14) – Stocks rose to […]

Japan’s Quantitative Stripteasing

The higher stocks rise, the shorter their dresses get… Japanese pop group Machikado Keiki Japan base their costumes on the price of the Nikkei average of the day. Roughly translated as Economic Conditions on the Streets of Japan, Machikado Keiki Japan released their debut single, “Abeno Mix,” on April 7. It pays homage to Abe’s ultraloose […]

ADVISORY SQUAWK BOX – WEEKLY HIGHLIGHTS (WEEK OF MAY 6TH, 2013)

Click here for audio podcast:   WEEKLY MARKET UPDATE – PREVIOUS WEEK RE-CAP:  (4/29 – 5/3) Monday (4/29) – Stocks extended a rally with the S&P 500 ending at an all-time high as growth-oriented stocks like energy and technology lead the way. (S&P 500 +0.7%) Tuesday (4/30) – Stocks closed with slight gains, with the […]

Update: Stocks Start May With Losses, Focus On Fed

U.S. stocks are off to a shaky start in May, starting the month in the red on the heels of a very weak private-sector job growth report, as well as continued weak top-line numbers on the corporate earnings front. We are seeing a bit of fatigue set in at the moment, as the market comes […]