Monthly Archives: June 2013

Buybacks Threatened by Rising Interest Rates?

Something to listen in for this upcoming earnings season…

Update: Financials/Consumer Discretionary Leading Another Rally?

Today is the last trading day of the half-year, quarter, month, and the week – and what a week it’s been. Historically speaking, today is the busiest day of the year for floor traders, as we also have the Russell re-balances, which will result in increased volumes and volatility heading into the close. While the […]

Update: Stocks Extend Yesterday’s Gains

After a very shaky start to the week, markets are extending their gains for the second straight day, largely on alleviated concerns out of China. In addition to recent dovish comments from Fed officials here domestically, global markets have settled down considerably in part because of calming comments from the People’s Bank of China regarding […]

Update: Markets Comeback As Fed Downplays Taper Talk

Stocks and bonds have made a tremendous comeback this afternoon, with markets attempting to make a push into positive territory during the last hour of trading. Markets began paring steep losses after several Fed officials issued dovish comments downplaying talk of tapering asset purchases. The DJIA was down nearly 250 points earlier in the session, […]

ADVISORY SQUAWK BOX – WEEKLY HIGHLIGHTS (WEEK OF JUNE 24TH, 2013)

Audio Podcast Here:  Squawk 6-24 WEEKLY MARKET UPDATE Stocks are coming off their worst week since mid April,  following Federal Reserve Chairman Ben Bernanke’s comments that the central bank could begin to scale back its stimulus measures later this year. This week, investors will be looking ahead to the prospect of higher interest rates and continued […]

Volatile (Choppy) and Weak (Consolidation) Market for the Summer Months

Volatile (Choppy) and Weak (Consolidation) Market for the Summer Months (Peter Tran, 6/24/2013) In my previous article, I addressed my market views for two different time dimensions. The first one dealt with the strategic view (LT): where we currently are in the U.S. investment cycle. The second one had to do with the immediate tactical […]

ADVISORY SQUAWK BOX – WEEKLY HIGHLIGHTS (WEEK OF JUNE 17TH, 2013)

Audio Podcast Here:  WEEKLY MARKET UPDATE – PREVIOUS WEEK RE-CAP:  (6/10 – 6/14) Monday (6/10) – Stocks ended mostly lower, pulling back after the previous session’s big gains despite a credit outlook upgrade of the United States. (S&P 500 -0.03%)  Tuesday (6/11) – Stocks slid in a volatile session on Tuesday after Japan’s central bank […]

Doublewood: Double-cross? Try Triple-cross.

When Edward Snowden was chaperoned into Hong Kong (of all places) by the English (of course), he probably did not know that this was to be the end game for him.   He will be “left hanging in the air, twisting in the wind”, as they say in that business. The English intelligence folks have feasted […]

Update: Stocks Finish At Session Highs On WSJ Fed Piece

Despite immense pressure on early morning futures following a global sell-off, the S&P 500 ended up rallying to its 2nd best day of the year. Markets grinded higher throughout the day as interest rate yields dropped and the yen weakened back to 95.11 from the 94 handle. The last 30 minutes were particularly explosive, as […]

Update: U.S. Stocks/Bonds Resilient Despite Global Sell-Off

We are seeing some encouraging resiliency once again from the S&P 500, with futures up nearly 20 points from overnight lows. Despite the global sell-off, the S&P 500 is quietly rallying on 1) a stabilization in the yen carry unwind; 2)continued technical support from its 50 day-moving average; and 3) a pause in the recent […]

Update: Global Stocks Slide As World Bank Pares Outlook

Global deleveraging continues this morning, with the yen carry trade unwind gaining momentum. With the yen strengthening to the 94 handle, the Japanese Nikkei plunged 6.4% (Nikkei down more than 20% from its recent closing high – bear market). The Shanghai Composite which resumed trading after the Dragon Boat holiday fell 2.8%, with Europe also […]

Financial crisis

Update: Stocks/Bonds Sell-Off Amid Global Policy Worries

After a relatively calm start for financial markets yesterday, volatility is back again with attention continuing to shift more squarely on the deteriorating global bond market. Treasuries and emerging market bonds have been quietly selling off over the last few weeks, but the purge is accelerating today. The ongoing concerns over Fed tapering set the […]

Doublewood: Annenberg Summit

With the conclusion of the informal summit between the leaders of the United States and China, Obama may have etched his name in history. As one of the indispensible founders of an era of “new form of relationship between major countries’ (we used the term “powers”, the Chinese avoid that term, choosing “major countries” instead), Obama will […]

ADVISORY SQUAWK BOX – WEEKLY HIGHLIGHTS (WEEK OF JUNE 10th, 2013)

Audio Podcast Here:

Doublewood: A Polycentric Reality

No matter what Obama and Xi Jingping came away with in the Annenberg Summit these two days, the reality of the world’s power configuration will remain what it has been since the past few years — that of polycentrism. Going into the 21st century, people were not generally familiar with the notion of a polycentric reality, […]

Update: Stocks Lower As Correction Continues

Weak economic data on the heels of lower Asian and European markets are continuing to push stocks lower this morning, as the S&P 500 faces the 10th day of its current mini correction from the all-time closing high of 1,669 last month. However, losses are being somewhat mitigated as the Fed is getting nothing in […]

Update: Afternoon Sell-Off With DJIA Record In Jeapardy

Despite earlier gains this morning, it does appear that the DJIA streak of 20 consecutive positive Tuesdays is in jeopardy, as equities have sold off in afternoon trading. With nothing atypical coming out from Fed speakers today, most of the recent slide has been exacerbated by some technical breakdowns. As of 2:25PM, the S&P 500 […]

Update: Stocks Edge Higher With Focus On Fed Tapering

Stocks are edging moderately higher this morning after a better than expected trade report underscored the underlying economic recovery, but investor focus has already turned to a couple of Fed speakers later today, as the market looks for additional clues as to whether the Fed will begin trimming its monthly bond purchases. Also, the DJIA […]

ADVISORY SQUAWK BOX – WEEKLY HIGHLIGHTS (WEEK OF JUNE 3RD, 2013)

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Doublewood: China’s Currency Strategy

After the financial tsunami of 2008, China has strengthened its belief that the era of US dollar hegemony should be reformed.  Recognizing that the USD has served the world very well for some periods (notably the 2 decades after WWII) and the US continues to lead the world in economic size, trade volume and financial […]

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Liberty Blitzkrieg

The only way to deal with an unfree world is to become so absolutely free that your very existence is an act of rebellion. - Albert Camus