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Q2 Tuesday - Ending With A Whimper, Not A Bang
Trading Goddess —
What happened to our great rally? We started the quarter off well enough, with the Dow at 7,522 and S&P at 787 on April 1st, we flew right up to 8,000 on the Dow and 840 on the S&P the next day but then it took us the rest of the month to gain 200 more points and the last day of May we finished at 8,500 Dow, S&P 920 - nothing to write home about on the whole. June 1st was very exciting as we made all our gains for the month that day, flying up to Dow 8,800, S&P 944 but that's where we called a top and cashed out and it's been pretty ...
Evening Briefing for June 30th
TraderFeed —
* MARKET THEMES FROM TUESDAY: Concerns over economic weakness following weak consumer confidence number; weak oil, gold; falling rates; strengthening dollar; some reversal of these themes late in day, with stocks finding support below ES 910 ...
Confidence, Housing, and Unemployment are All Intertwined
The Big Picture —
Good Evening: An unexpected drop in consumer confidence today spoiled what investors had hoped would be a rousing finish to an otherwise strong second quarter for U.S. capital markets. Other data points, including those in the all important housing sector, were mixed. How confidence, home prices, mortgage delinquencies, unemployment, and the financial markets interact in the coming months may decide whether the highly touted green shoots take root or whither. And this process will, in turn, affect investor attitudes toward the state of our nation’s financing needs during the second half of 2009. It might turn out that Great Britain’s ...
Links 7/1/09
naked capitalism —
... concept institutionalized: Fed's Hoenig MarketWatch (hat tip reader John L) His remarks border on belligerent. IDC: Server market to decline through 2010 Channel Register (hat tip reader John O) Citi raises card rates on millions Financial Times Did Greenspan Make a Mistake in 2001-2004 by Keeping Too Rates Low? Mark Thoma Bank Woes Deepening in Europe New York Times (hat tip DoctoRx) Sterling Crisis Looms as U.K. Unraveling Points to Budget Cuts Bloomberg ...
