Your Weekly Economic Cheat Sheet
/in Investing/by Tom 2Last Week The focus of the global economy shifted entirely to Europe last week, and the continued lackluster economic numbers were among the main reasons we saw such massive volatility and selling in risk assets. At the moment, U.S. and Chinese data are firmly in the backseat (barring any major disappointments). Specifically within Europe, focus […]
What Happened to JNK?
/in Investing/by Tom 2What Happened to JNK? Perhaps the most unnerving thing I saw yesterday was the big drop in JNK and rally in EUM. Given what the Fed did Wednesday, that is the exact opposite of what should have happened. And, this tells me yesterday’s sell-off was a lot more about escalating concerns about Europe and growth […]
The FOMC Minutes Explained
/in Investing/by Tom 2FOMC Minutes The minutes were obviously dovish, given the stock market surge, dollar decline and bond rally. They were taken as dovish for three primary reasons: First, the FOMC voiced considerable concern about the state of the global economy and the potential negative impact on our economy. Second, the strengthening dollar was expressly cited as […]
Outside Reversal in the S&P 500
/in Investing/by Tom 2The S&P 500 posted a bullish “outside reversal” on the daily chart today and closed back above the 100 day moving average which is also quite bullish. To read more about what today’s session means for the market, simply sign up for a free trial on the right hand side of this page.
Tom Essaye Closing Bell Interview 10.8.14
/in Investing/by Tom 2Tom Essaye discusses the outlook for Europe on CNBC’s Closing Bell. http://video.cnbc.com/gallery/?video=3000317632
What is the Labor Market Conditions Index?
/in Investing/by Tom 2Labor Market Conditions Index September LMCI rose 2.5 points in September. Takeaway There was a lot of talk about this number last week, as it is a new publicly published, comprehensive labor market index the Fed used to use internally (it’s been around since the 1970s). It’s comprised of 19 different labor market indicators (all […]
Jobs Day
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: Jobs Day, Key VIX Levels to Watch.