Equities Market Recap Markets declined Tuesday as cautious comments from Fed Chair Yellen offset strong economic data, although stocks managed to close well off the worst levels of the day. The S&P 500 fell -0.2%. Tuesday initially started pretty well as futures were higher after several major companies beat earnings (GS, JNJ, CMA, JBHT, JPM) […]
Sevens Report 7.16.14qrp
Sevens Report 7.15.14.pub
Equities Market Recap Stocks declined last week as soft global economic data led to a round of profit-taking in small caps and higher-beta sectors. The S&P 500 fell -0.90% and is up +6.45% year-to-date. Stocks traded lower last Monday mainly on European growth concerns after Erste Bank became the latest European bank to issue a […]
Sevens Report 7.14.14
Equities Market Recap Stocks closed in the red again Thursday on more European bank concern, but stocks were able to cut the losses nearly in half by the close. The S&P 500 closed down -0.41%. It was an ugly start to trading Thursday as more negative news from European banks combined with generally disappointing global […]
Is Portugal a Problem? The yield on Portuguese 10-year bonds has risen to 3.99% as of yesterday, the highest level since March, on concerns that financial difficulties at Banco Espirito Santo will result in a flare-up of the sovereign-debt crisis. I don’t know a ton about the subsidiary of BES that’s cash-strapped, or if there […]
Sevens Report 7.11.14
Sevens Report 7.10.14