Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Greece Is The Word
The news flow out of Greece continues to be fast and furious. The latest rumor is that Greek leaders have finally agreed on austerity measures designed to satisfy preconditions for additional bailout funds. The initial market reaction was favorable and although the pop in the Euro changed the appearance to look less likely to have […]
Squawk Morning Briefing: Pressing Reset
Our DJIA video from Tuesday evening covers our new, reset expectations for U. S. equities now that the DJIA has visited above 12,876. In the short-term conditions remain ripe for some form of downward correction. However, we can no longer anticipate that if/when it arrives that it will necessarily lead to a new low. […]
Squawk Morning Briefing: No News Is No News
No significant Greece news materialized on Monday. In fact, the most significant market moving event seemed to be the Reserve Bank of Australia keeping rates stable instead of easing as many had been expecting. This knocked the wind out of many risk assets overnight. It also points out one of the reasons why we sometimes […]
Squawk Morning Briefing: Back to Greece
With a blowout jobs report behind us, it seems that attention has turned back to Greece which needs to further reduce government spending to receive additional aid. The deadline to accept additional measures came and passed earlier today as labor groups will not agree to concessions. Reports suggest that meetings continue; perhaps a sign that […]
Squawk Morning Briefing: Feedback
Trader and author Alan Farley describes markets as cycling between periods of positive and negative feedback. It is a good dynamic to keep in mind when trying to think about the dull action we have seen recently. In times of positive feedback, buying encourages more buyers or selling encourages more sellers creating trends. However in […]
Squawk Morning Briefing: Waiting for Backup
With our limited knowledge of police procedure from television dramas we know that one isn’t supposed to go charging into a building with armed suspects without waiting for backup. At least, that’s what we’ve been led to believe all these years. Nevertheless, sometimes the bold, brash hero will ignore that procedure and go rushing in […]
Squawk Morning Briefing: Disappointment
U. S. equity futures are up significantly again this morning. Recently we’ve seen the inability for these gains to be maintained through the day; Tuesday was another example. The market has lofty expectations at these levels and sometimes those lofty expectations can be hard to meet. This morning we received an ADP report that was […]
Squawk Morning Briefing: Remain Cautious
While U. S. equities have been ripe for a turn to the downside we have stressed the importance of waiting for clear evidence of an actual turn before calling a top. Monday’s action underscored the importance of that caution. Overnight futures have continued up and leave us in an ambiguous position. So we want […]
Squawk Morning Briefing: Anticipation
Our focus recently has been looking for evidence of a turn in U. S. equities. We have talked in some detail about the DJIA’s proximity to prices which would invalidate short-term patterns; we won’t revisit it now. What we will mention is that we have declined from those levels in a move which may be […]
Squawk Morning Briefing: Just What The Doctor Ordered
The DJIA and YM followed the script written for them on Thursday and turned pretty much right where they needed to in order to keep the immediately bearish outlook alive. While that is satisfying, one of the most important things when analyzing markets is to not be overly emboldened when events unfold as anticipated. We […]