Good news for a very young 2014: Markets don’t retreat on Bernanke’s positive views
The most encouraging news for the financial markets today wasn’t outgoing Federal Reserve chairman Ben Bernanke’s positive comments on the U.S. economy. Instead I’d say the real good news today is that the stock and bond markets didn’t use Bernanke’s positive view as a reason to retreat.
As we begin 2014, the question is To rotate or not to rotate
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...U.S. stocks take a breather this morning
U.S. stocks are down today with the Standard & Poor’s 500 stock index off 0.6% to 1744 as of 1:20 p.m. in New York. So far this looks like an overbought market taking a breather as on Tuesday the S&P finished higher for the fifth straight session
If enough stocks fall on good earnings, it’s a sign of profit-taking ahead
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...The Bernanke put that underpinned stocks’ move to historic highs is dead–what comes next?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Can this bounce pass the technical test?
It’s crunch time for this week’s bounce. U.S. stocks have taken back about half the ground they lost in the June tumble after moves up this week, but the market now faces a series of technical tests. For the bounce to turn into something with a somewhat longer life, it’s going to have to show the ability to move through resistance levels over the last trading session of June and into the first sessions of July.
Solving the puzzle of the current market
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...A tentative stability in Tokyo today
The recovery in Japanese stocks and the renewed downturn in the yen are hardly strong trends at the moment. I think you can say that the Bank of Japan and traders’ forecasts of what the bank will do have stabilized the yen and Japanese stocks, but that the stability is tenuous and depends on news/rumor/sentiment about the Federal Reserve and on yields in the market for Japanese government bonds.
It’s always hard to read anything into market action ahead of a 3-day weekend
I know everyone would like to make sense of global stock markets today—but the upcoming three-day weekend in the United States makes that really, really difficult. I’m not sure that any news or any news interpretation carries much weight today against the desire of Wall Street professionals to reduce the chance of anything blowing upon them while the markets are closed.
So far this looks like profit taking
The phrase “Too far, too fast” comes to mind. To me this looks like profit taking on a huge run up in global markets. So far, no more and no less even in Japan.
