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We received an email this morning from Kid Dynamite tipping us off to a recent article in the WSJ. The article details the questionable mechanics of a certain set of Closed End Funds that may come as a shock to you. According to the WSJ, Cornerstone Read more…
Futures have been quiet, but are off just a bit. Some digestion makes sense after the size of Friday’s gains. On Thursday, markets briefly broke below $SPX 1330-1333, but closed above it, relieving some pressure for a slight outside day. (NYSE:JPM) Read more…
Futures are up a bit after one of the longest losing streaks of the year. It seems like we’re oversold enough for some type of bounce, but my gut tells me it won’t be much. The SPY is trading around $134.00 as I write this. Above yesterday’s high of $134.10, there could Read more…
Futures are up after Spain received some of its bailout funds sooner than expected to help push down soaring yields. European stocks are rallying this morning as well after four days of selling. China official numbers continue to Read more…
Feels almost like déjà vu. Last year I was in the Hamptons, and there was a surprise short squeeze that happened over the quarter’s end and into the July 4th holiday, right at this same time. It’s never fun, especially if you’re with the family trying to Read more…
Ben Gersten: Over the past few years there have been unprecedented swings in the major indexes, scaring some investors out of the markets altogether. Read more…
Futures are basically flat as today is “Fed Day.” I used to get excited way back when, as Fed Day typically entailed a lot of volatility and action, but it hasn’t been like that for awhile. For the last year or so there haven’t been many surprises, as Big Ben likes likes to Read more…
No big striking headlines out of the G20 except some more tough talk about “fiscal integration.” There has also been more talk about commitment to what’s needed to keep the Euro Process going, which most think has to be some type of “Banking Union” and some type of Read more…
The Greek elections took place without a the “leave the Euro” outcome that was starting to look increasingly possible. Now it’s time for Greece to face reality by collecting some taxes and potentially selling some assets. It will be a long road that many still believe Read more…
There are so many conflicting stories, opinions and strategies being floated in Europe right now, and the markets are bracing for the next two weeks of market-moving events. As headlines grow more complicated and the equity markets are coiling–it feels like a big move is Read more…
US stock futures point to a higher open Thursday, entering the third day of what has been an impressive oversold bounce. The ECB really didn’t make any substantial moves yesterday as it seems they want the Euro Zone Governments to Read more…
The headlines this weekend were all about synchronized global slowdowns, deflation and decelerating U.S data. Technically, we have had several signs over the past two months to foreshadow a technical breakdown, and now we are at Read more…
Evan Lazarus brings us the game plan for the trading day from his station as the market opens. He pulls up the charts of the S&P Spyder (NYSE:SPY), and quickly references Apple’s Read more…
David Zeiler: Assuming the Dow Jones Industrial Average (NYSEARCA:DIA) represents the biggest, most influential companies in America, Apple Inc. (NASDAQ:AAPL) easily qualifies. Read more…
US stock futures point to a higher open Thursday after ECB President Mario Draghi said the central bank will keep supporting solvent Euro zone banks. It’s not really “new” news, but something for hungry bulls to latch onto. Also, it is the last day of the month and Read more…
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