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As widely expected, Brazilian central bankers yesterday raised short-term domestic borrowing rates another quarter percentage point. But their next move is now anybody’s guess. Read more…
Tony Daltorio: Last week saw contagion fears rise sharply in the Eurozone as Italy emerged at center stage of the European debt drama. Read more…
Thomas Carreno: The market is not showing any bearish cards today obviously and it looks like the bearish theory I proposed yesterday is incorrect. We would need to see a full reversal today and then maybe even a slight negative closing. This appears extremely unlikely to happen. Read more…
Ron Rowland: Your heroes in Washington D.C. are locking horns about the government debt. If they don’t reach a deal very soon, the Treasury may have to stop borrowing money next month. Read more…
George Maniere: I have been writing for some time that I could not get my hands around the silver trade. I had a feeling when the market went up 202 points on Tuesday that gold and silver would sell off into a healthy pullback and they both did. Today I was very surprised to see gold and silver put Read more…
UBS Investment Bank announced that today is the first day of trading on the NYSE Arca for two ETRACS Exchange Traded Notes (the “Internet IPO ETNs”) linked to the performance of the UBS Internet IPO Index (the “Index”). Investors now have the ability to gain either unleveraged or leveraged exposure to a portfolio of Internet-related companies that have gone public within the last three years, all by way Read more…
Although the economy still remains shaky thanks to debt worries in the U.S. and Europe, earnings season has started off pretty well for a number of companies. Apple thoroughly crushed estimates again after the bell on Tuesday while companies in the health care and banking segments have also Read more…
Stocks ended the session essentially flat on a modest decrease in volume. With the exception of the Nasdaq (NASDAQ:QQQ), the major indices also ended the session flat. The technology laden index closed lower by 0.4% under the weight of heavy selling in the networking sector among others. Read more…
Indices opened higher yesterday after a nice three-day move from $129.63 to about $133.15 yesterday, then slowly traded a bit lower for an inside day. Some leading stocks had some exhaustion gaps that normally lead to a new base, including VMWare, Inc. (NYSE:VMW), Apple Inc. (NASDAQ:AAPL), Wynn Resorts Limited (NASDAQ:WYNN). It’s normal for these types of stocks to run into earnings and then Read more…
Since making its ETF debut earlier this year, Russell has moved quickly to build out a suite of investment discipline and factor products that bring time-tested strategies to investors in the tax efficient and low cost exchange-traded wrapper. The Russell ETF lineup currently consists of 17 Read more…
Inflation has been a particularly frustrating topic in recent months. Despite widespread predictions for a surge in CPI in the wake of unprecedented injections of liquidity into global financial markets, upward pressure on prices has not yet materialized–at least not in many developed markets. Read more…
Scott Pluschau: There is a classic trade set up in the iShares Silver exchange traded fund (NYSE:SLV). We had months of consolidation in silver and I have been sitting on the sidelines patiently avoiding random market behavior in this balance area. Two days ago there was a breakout, Read more…
Todd Shriber: Commodities novices and seasoned vets alike need to be aware of the “C” word and by “C” word I don’t mean corn, cotton or Cushing, Oklahoma. I mean contango. The simple definition of contango is when the price of a near-dated, or front-month, futures contract is above Read more…
In last week’s blog I touched on the macro and geo-political issue concerning the markets: On that front, the main issues continue to weigh down the overall sentiment in the markets. The counterweight to this has been the relative strength seen in various companies and sectors that have high cash positions (Balance Sheet) and improved margins due to cost Read more…
Russ Koesterich: While the recent June non-farm payroll report offered yet another reminder of the fragile and sluggish nature of the current recovery, we continue to believe that equities offer better prospects than fixed income. We believe that a combination of high margins, low inflation and some Read more…
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