Maybe I have been looking at different data releases than the rest of the market, but I don't see what all the fuss is about. I understand payrolls were a few thousand short of expectations - but +209k is highly respectable. And the 3mth, 6th and 12mth moving averages...
Just a quick note post GDP and pre FOMC. Today's GDP report resolved the much discussed discrepancy between the IP/employment data and the output data. Of course the strong data won the battle and that is worth celebrating. The hater community will now need to do some...
Last week the S&P500 touched a new record high of 1991.39. Within the coming weeks it is highly likely we will surpass the psychologically important level of 2000. So this got me thinking - how much time will it take before we see a doubling of the S&P to its next...
On Sunday I tuned into "This Week" with George Stephanopoulos for the first time ever. I used to love "This Week" with David Brinkley, but given the barrage of information which has become available from internet and social media sources over the last 10-15 years,...
One of this summer's biggest clubbing hits is a tune from Li'l John and DJ Snake entitled "Turn down for what". It's basically a song about keeping the party going, with Li'l John singing over and over again - "Fire up that loud/Another round of shots". It's a catchy...
Janet finished out her first semester with a solid A at the press conference. The C- from her first appearance has been successfully diluted with a sequence of dovish speeches and testimonies combined with her latest perfect performance. She can now head into the slow...
Next week I will jet off to Europe for one month - two weeks visiting clients and two weeks back in the homeland for a little R&R. I will try to write from the road as I usually do, but my output may become a bit spotty in late June/early July as I check out...
As I watched Mario's presser yesterday I could not help but think of that infamous scene from "Austin Powers: International Man of Mystery" where Dr Evil announces his plan to hold the world hostage for....."one million dollars". Mario spoke with an unusual level of...
This Thursday the serial dissappointers at the ECB have set the stage for some aggressive action. We have heard noises about targeted long-term LTROs, a cessation of sterilization from SMP purchases, lower refi rates, and negative deposit rates. So far the market has...
The movie "Words and Pictures", starring Clive Owen and Juliette Binoche, is a must see! The acting and directing are first rate. And while I do not want to spoil the movie for anyone who has yet to see it, I do want to bring the plot line into a discussion today on...
The movie "Words and Pictures", starring Clive Owen and Juliette Binoche, is a must see! The acting and directing are first rate. And while I do not want to spoil the movie for anyone who has yet to see it, I do want to bring the plot line into a discussion today on the current […]
