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Daily Financial Markets Chart Wrap

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Highlights: The driver of today’s market price changes seemed to be the confirmation of further weakness out of China The Chinese Flash PMI was down three tenths to 47, which is the lowest reading since early 2009 US stocks finished down again on the day (down 20bps), but the real story was the weakness out […]

Deja Vu All Over Again for the Stock Market Correction?

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In remembering the late, great Yogi Berra, we can’t help but associate one of our all time favorite Berraisms with the current stock market environment as compared with that of late 2011. From our perspective it looks and feels like deja vu all over again. Most of our readers probably vividly remember the panic that ensued […]

Daily Financial Markets Chart Wrap

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Highlights: Substantial weakness out of Europe dragged down US stocks initially and they were unable to overcome the selling pressure despite a rally attempt that began in the early afternoon US stocks finished down 1.2% on the day with all 10 economic sectors down at least 1% and materials down a hefty 2.9% on an […]

Are we About to see a Big Time Rally in the Long Bond?

During this cycle the positioning of commercial traders (the smart money) has been a crystal ball for players in the treasury market. Every peak in long bond rates since 2010 has been associated with commercial traders net long options and futures contracts on said instrument. At a net long positioning of about 34,000 contracts, the […]

Daily Financial Markets Chart Wrap

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Choppy day for global stocks as overnight weakness out of Japan was met with mixed review in Europe that dragged US stocks down until the European close, with they subsequently rebounded for a nice gain of .5% Sector leadership, including the after hours session had Energy, Materials and Industrials lower and Utilities and Health Care […]

Daily Financial Markets Chart Wrap

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Highlights:  Well that was quick. All it took was steady Fed to make the Energy space completely unravel. US stocks were lower by 1.6% with persistent selling throughout the session Importantly, Energy stocks were down 2.5% and their 2-day performance is by far the worst of any sector It was all about the counter-cyclicals again […]

Daily Financial Markets Chart Wrap

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Highlights: The Fed did not raise rates today…again US stocks were lower by .3% despite a good amount of gyration around the release of the Fed decision The North American session was led by counter-cyclical sectors of Utilities, Health Care and Consumer Discretionary with Energy flat on the day and Financials and Tech the big […]

Foreign Investors Have Never Hated Japan So Much – We See Opportunity in Fading this Pessimism

In reviewing Japan’s just released balance of payments details showing the weekly transactions in Japanese stocks by foreign investors, we were shocked to see that foreign money has headed for the Japanese exits at a rate never seen before, not even in 2008-2009.  Could this mark the inevitable “end game” for Japan as it finally recons […]