[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended lower today after reports surfaced that some hedge funds were cutting their exposure to Germany’s Deutsche Bank (DB), a move which raised fears that some clients are leery about doing business with the European banking giant. Did a bank run begin? While it’s too early to tell, the denial by DB’s John …
Heading Higher
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After an early drop, the markets recovered and managed to close in the green in part due to quarterly window dressing. Oil shifted into high gear and gained some 4.6% on renewed Saudi jawboning about future production limits. The spot on article “This market calm feels like mayhem” by ZH, points to …
Nervousness Prevails Before Debate; Deutsche Bank Clobbers US Financials
[Chart courtesy of MarketWatch.com] 1. Moving the Markets While a general unease about tonight’s debate kept the major indexes in negative territory all day, other bad news contributed to the weakness as well. New home sales tumbled with prices touching lows not see in some 2 years while the supply of homes rose to 4.6 months from 4.2 months when …
The Fed’s In Charge: Equities, Bonds And Precious Metals Gain
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Thanks to the Fed’s decision of not raising rates and thereby keeping the financial markets happy, the computer algos went wild for a second day in a row with the major indexes, along with gold and silver, benefitting by closing higher although on abysmal volume. Never mind that US growth was forecasted …
The Fed Blinks—Again; No Rate Hike Propels Indexes
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks rallied as the Nasdaq closed at a new record high after the Federal Reserve opted to leave interest rates unchanged but stressed that the case for a hike in rates has “strengthened”. In its statement, the Fed said the “case for an increase in (short-term) rates has strengthened” but that the …
Treading Water
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks inched slightly higher Tuesday ahead of Wednesday’s interest rate decision from the Federal Reserve. There is not much hype to get jittery about this time around, as most believe that there is no hike slated for this year. Also on deck for tomorrow: A rate policy announcement from the Japanese. Shares …