It is a good thing investors will have the entire weekend to recover from their New Year’s celebrations, because 2010 is starting with a bang, at least in terms of economic data. Undoubtedly, the week’s most critical release will be Friday’s employment report, where excitement is building that payrolls could show their first monthly advance […]
Archive:
December 2009
Back in October I mentioned I had a rather bullish view on the tech sector going into 2010, but the only name I mentioned at the time was Apple (APPL). Recently, I’ve been speaking with quite a few money managers and one name in the sector has been coming up more than most others, and […]
The Chicago PMI’s better than anticipated reading of 60.0 in December from 56.1 a month prior continues to indicate improving business conditions throughout the Chicago area–and a potentially positive forward looking indicator toward December’s ISM. All of the indicator’s components, excluding inventories, have moved above the break-even point of 50. The most noteworthy jump was […]
The last week of 2009 bears some good news for investors, and that is there isn’t much of it. The week ahead could very well be the quietest week of 2009. However, not all is still, there are several quasi-important releases related to housing, consumer confidence, and manufacturing. Data-centric investors will be analyzing the Dallas […]
Today I wanted to quickly highlight the performance of my equity based trading strategies around my global macro economic investment thesis. Emerging markets: I continue to believe that emerging-market growth and equity performance — especially in countries with a strong consumer base — will continue to outpace developed nations in 2010. Therefore, you should still […]
November’s existing home sales rose 7.4% to 6.54 million units, after a marginal downward revision to 6.09 million units in October from 6.10. This increment was above market expectations, and likely driven primarily by what would have been the expiration of the first-time home buyer tax credit at the end of the November. The months’ […]
This morning’s unexpected downward revision of third quarter GDP to 2.2% from 2.8% was unexpected, but should be made up for by growth around 4.5% in the current quarter. Looking at this morning’s data, several components were revised between the preliminary and final GDP estimate leading to a decline of -$17.3 billion. The revisions were […]
Retailers are not dreaming of a white Christmas. Whether a snowstorm impacting the Mid-Atlantic region this weekend will impact an arguably lackluster holiday shopping season is yet to be seen. But, bad weather does have a tendency of keeping would be shoppers home, however, these shoppers will still have access to online stores, but given […]
As the invisible hand of the market continues wrestling the imprudent hand of governments; consequences will be felt across the globe as one hand hits the table… Government stimulus and monetary policy has undoubtedly led us out of one of the worst recessions since the Great Depression, but what impact will these policies have on […]
There is no doubt that this week’s FOMC meeting will steal the economic headlines, however, the result is likely to be rather anticlimactic. I do not anticipate any major changes to the FOMC’s statement, and certainly no shift in the target rate—despite last month’s better than expected employment data. The Fed will not view a […]