Author Archive for: Tom 2

The Aussie rallied as a result of the GDP report printing a touch better than expected at 0.8% vs. (E) 0.6% m/m and 2.8% vs. (E) 2.3% y/y. And, that rally is continuing this morning thanks to strong Australian export and retail sales data.  Aussie has now traded through the .90 level versus the dollar, […]

I would continue to look to under-performers that have bottomed out and can play catch-up if the U.S. and global economy continues to gradually grow:  banks via KBE, retailers via RTH, industrials (the Dow remains well off the highs) via DIA, and global miners via PICK.

Oil Prices Retreat from 5 Month High

Economic data was better-than-expected last week and helped further break the previously relentless string of “misses” versus expectations. And, although economic data was somewhat overshadowed last week by events in the Ukraine and as investors looked ahead to the critical week of data looming, there were some important anecdotal releases that imply the drop-off in economic data we saw in December/January is leveling off. That helped stocks rally to new all-time highs.