Bravo, Howard Schultz, bravo!
Bond markets are giving &P the middle finger
New blog post: What the U.S. Downgrade May Mean For You
@sixfigureladies Thank you!
The truth about jobs data and the unemployment rate:
Regardless of market impact, &P downgrade a body blow to American prestige. & to blame.We must stop our decline.We must.
How bad is US debt? Jersey Shore went to Italy of all places to get a better rating. Ok, I'll stop.
New blog post: What the U.S. Downgrade May Mean For You http://wp.me/p1xHXC-2V
Washington: how about pro-growth policy that puts people back to work. There's your revenue increase.
Funny ad campaign against gov't spending VIDEO
"predictable". US economy stale because of uncertainty over inflation and tax policy. Bernanke, Obama admin, are you reading?
From BOC monetary policy report: "Low, stable and predictable inflation allows the economy to function more effectively." Key term -
Wednesday trading. Most pairs are in consolidation. Patiently waiting for a breakout.
...together as one trade, although gaining strength here in last hour
Two straight days of + correlation between & prices. Investors no longer shrugging off US debt issues, now lumping US assets...
Obama Endorses Debt Deal http://www.fxrenew.com/forex-news/obama-endorses-debt-deal
Oil inventories and releases today will say a lot about consumer spending.
Investors scared out of risk assets cuz not imminent? What happened to fears??
Dollar strengthens as Bernanke speaks
Market Update - Economic Data Pressuring USD http://www.fxrenew.com/forex-news/market-update-economic-data-pressuring-usd
Bernanke leaves open possibility of driving higher, lower, hits nominal high.
New blog post: Non-farm Payrolls – Did That Just Happen? http://wp.me/p1xHXC-2Q
New blog post: Jobs Report is Promising
Two separate jobs reports released this morning show the job market may be resuming the steady rise it underwent thr… http://wp.me/p1xHXC-2K
Don't get comfy in position today, movement is volatile as debt woes and data trade headlines. Reversal always imminent.
... up against safe havens & . & data giving hope of 2nd half recovery and growth.
It's risk-on today. up on good jobs data, up on large inventory drop, up on rate hike, and...
Chinese rate hike & downgrade weighing on risk assets. up down & dropping. June data at 10a
Can the Euro Prevail? http://www.fxrenew.com/forex-news/4011
prices have likely bottomed so fill up now! has risen the past few trading days, climbing back toward $100.
Economic Recovery Turns 2—Feel Better Yet? http://cnbc.com/id/43616249 $$
Good manufacturing data leads to risk-on, fear-off day. Stocks up ~1%, gold below $1500, VIX down ~7%, Treasuries down. Bulls re-emerge.
ISM's Chicago shows surprise jump to 61.1 in June from 56.6 in May. Analysts had forecast a drop to 54. News gives a boost.
Although it's been trading on , the is retaining its recent positive correlation to the risk trade
Weekly claims down only 1k to 428k, higher than expected. Four-week MA rises marginally. Claims must be <400k to shrink unemployment rate.
So far today is somewhat risk-on. mostly flat, down against risk pairs. Greek vote likely to drive volatility.
Expectations are contraction in Chicago area manufacturing in June, but small drop in weekly jobless claims.
Today's market drivers will be developments of Greek austerity pkg, weekly jobless claims and Chicago PMI. Stocks up in pre-mkt.
cap on debit fees is victory for , look for sector to trade up tomorrow on news barring big negative surprise in jobs data
Despite recent gains, &P and still on pace for largest monthly loss since August 2010
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