Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Disagreement and Divergence
Our analysis in different markets do not necessarily agree this morning. The most significant example is likely the difference between the DJIA cash index and its futures. This has happened before, and we make no apology when it does. In fact, we think it is valuable to know when there are […]
Squawk Morning Briefing: Filling In
Today it’s Kevin’s turn to have computer issues so David is filling in. That has added a few minutes to the time to prepare today’s briefing and since the analysis shows some potentially pivotal action today we’ll get straight to the analysis without further comment.
Squawk Morning Briefing: The Detroit Lions Trade
News out of Europe continues to suggest weakening conditions, although today this was mostly unrelated to Greece. PMI data fell short of expectations and the Bank of England voted to inject more monetary stimulus into its economy. While that may have some traders giddy expecting more of a cheap money sugar high, what […]
Squawk Morning Briefing: Will Europe Make Waves?
Trade continues to react to the situation in Europe with “buy the rumor and sell the news” playing out again. European equities and most risk assets rose on Monday and declining again so far today. That still leaves U. S. equity futures and other positively correlated instruments slightly above Friday’s close, just […]
Squawk Morning Briefing: Keep Us Honest
We’ll repeat what we have said before: until we see impulsive action to the downside, we have have not begun a turn down. It is easy to remind ourselves of that after we see prices reverse upward in the short-term. Hopefully we also emphasize the same message when considering a turn down. Markets still seem […]
Squawk Morning Briefing: Data Dump
A set of economic numbers released at 8:30 Eastern was mostly positive and the initial reaction in markets is to cheer the new numbers. As we identify in today’s videos, we are at a critical spot in most wave counts where markets need to continue recent moves if they are to firmly establish new trends. […]
Squawk Morning Briefing: Who Loves Ya?
Bulls seemed to get the gifts on Valentine’s day and the love fest continued overnight. Market conditions remain the same and our updated comments appear in today’s videos.
Squawk Morning Briefing: Who Will Step Up?
Equity markets are back testing multi-year highs. To continue higher, buyers will need to step up and begin buying with greater enthusiasm and volume. To take things down, sellers will need to jump on board and follow-through after brief declines. Nothing has changed with the broader picture and today’s […]
Squawk Morning Briefing: Relief?
We finally saw a day of selling on Friday. We had been complaining about the stretched nature of markets, and Friday’s action is the sort of move which can relax an over-stretched market. So now the question is whether the move is the start of something new or whether it was the […]
Squawk Morning Briefing: Confirmation Questions
As of 8:20 Eastern, Equity futures are near their electronic session lows and well below solidly below Thursday’s day session lows. While there is economic data due at 8:30 which could change the picture, the stage is set for a gap down open to start the day. However, this market has not […]