Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Patience During The Grind
U. S. equities appear to be grinding higher in what we still anticipate is the second upward leg of a corrective wave. We had thought this leg might be more of a grind than the first, stronger leg and so far that seems to be playing out.
Less strength in the latter […]
Squawk Morning Briefing: Maintaining Perspective
We imagine that it is difficult for unemployed Greeks to not be angry. After all, they likely believed what their politicians told them years ago and thought their country had a secure future. Even if that individual can become content with the idea of needing to work longer than previously anticipated along with paying more […]
Squawk Morning Briefing: Wild Weekend?
There are many possible catalysts in the market right now: Quadruple witching today; Greek and Egyptian elections this weekend; central bank actions; and we still may get unanticipated events at any time. Meanwhile, U. S. equity markets appear to be in an upward correction. We don’t want to jump the gun and consider the […]
Squawk Morning Briefing: Fighting Computers
A few server problems have been getting in the way of producing today’s briefing so now that they’ve been solved we’ll get straight to the video updates without further commentary.
Squawk Morning Briefing: Patiently Waiting
We still need to see wave 2 complete in equities so we are waiting until things get sorted out as discussed in today’s videos.
Squawk Morning Briefing: Do Markets Have OCD?
I have a confession to make: I always wear my seat belt when in the car. Just about anything which we repeat for 40 or more days can become a habit and I have repeated the ritual of fastening my seat belt when entering an automobile so many times that I feel uneasy without it […]
Squawk Morning Briefing: How Do You Say TARP in Spanish?
Financial market relief at from the TARP program, intended to shore up the precarious capital position of U. S. banks, was short lived. Therefore it is wise to question whether an overnight rally that appears to be based on Spanish banks being rescued will be able to persist.
The Euro managed a […]
Squawk Morning Briefing: Opperation Twisting in The Wind
With some recent negative economic news and, more importantly, recent declines in U. S. equities, many traders have hopes of Fed quantitative easing and their were hopes that he would tip his hand during Thursday’s congressional testimony from Chairman Bernanke. The picture painted by recent pronouncements from many Fed governors is clear: even though […]
Squawk Morning Briefing: A Change of Questions
Having identified likely five-wave declines in U. S. equity indices we have what appears to be a change in trend. We had been presuming this was the case and, until yesterday, had been questioning when the first move down might end. We now seem to have the answer to that question, but it raises new […]
Squawk Morning Briefing: We Won’t Be Stubborn. We Won’t Be Stubborn.
As mentioned in videos, we’re not going to be stubborn in our view that additional lows would improve the appearance of the wave counts. Overnight action is looking more bullish and that makes it harder to interpret the move down from May 29th as still in progress and needing a fifth wave although that […]