Over the past two weeks new uncertainties have begun pouring into the markets, like the deluge of rain currently striking the west coast—I spent part of last week in Los Angeles. However, unlike what’s happening over the west coast, the storms investors faced were mostly avoidable. It all began with legitimate concerns over tightening Chinese […]
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State Street Investor Confidence Index
This week will primarily focus on earnings, with housing data acting as an intriguing side story. Companies expected to report earnings this week include: AMR Inc. (AMR), Bank of America (BAC), Citigroup (C), CSX (CSX), EBay (EBAY), GE (GE), Goldman-Sachs (GS), Google (GOOG) IBM (IBM), Morgan Stanley (MS), and Wells Fargo (WFC). The housing side […]
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 […]
The market will be providing a cornucopia of data this week centered on Tuesday and Wednesday, which you can mull over as you begin brining your turkeys—as an aside here’s the recipe I will be following this year. Also, I wrote an interesting column on Friday for Real Money titled ‘Talking Turkey on Agricultural Trends’ […]
This week’s most important economic data will likely come in the form of third quarter 2009’s advanced estimate of GDP, which should put an end to four consecutive quarters of declines. The U.S. government’s ‘Cash for Clunkers’ program during the quarter should help to boost the personal consumption component of GDP, while inventories declining at […]
There’s no doubt this week’s most important release will be Friday’s employment report, which is expected to show a decline in payrolls of -170K with an unemployment rate of 9.8%. This week could prove critical as markets try to regain some traction after several negative surprises last week, including lower than anticipated existing home sales […]