Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: In Other News…
It is safe to say that the market remains captive to news. It remains to be seen whether we will have any short-term news about the crises in Greece and Spain; new “technocratic” leaders in each country are merely getting started in there attempt to address an intractable problem. If news about the crises subsides […]
Squawk Morning Briefing: Yo, Eleven
As we enter trade for the eleventh day of the eleventh month of the eleventh year of this millennium, we note that bond markets are closed in observance of Veteran’s day. Other U. S. exchanges are open and most likely have their sights set over to Europe. We have no insight on the news today, […]
Squawk Morning Briefing: On Script
At least for a day both currency and equity markets are following the script suggesting by their Elliott wave patterns. That script suggests a continuation of Wednesday’s move after a correction completes.
Squawk Morning Briefing: In The Nick of Time
The confirmation we were looking for Tuesday morning never arrived and U. S. equities ended the day positive instead of negative. They ended the day testing, but not eliminating the potential for an immediate resolution. It was a tight spot, since the immediate bearish case was the only one which we could obviously fit into […]
Squawk Morning Briefing: Still Awaiting Confirmation
We are being reminded again of a situation that has been with us since 2009: it can be difficult to find the end of a correction, especially a deep second wave correction. Nevertheless, we continue to expect wave (2) in U. S. equities to end some. As we continue to point out, it may already […]
Squawk Morning Briefing: Nothing Has Changed
Nothing fundamental has changed in the global economic situation. The woes of Greece have been known for some time and while Italy now seems to have caught the attention of traders, it is hard to call the situation on the other side of the Adriatic “news.” Today’s video updates have our latest analysis of the […]
Squawk Morning Briefing: News Day
U. S. labor numbers are out and both equity futures and risk currencies bounced quickly and then gave up those gains. Today remains ripe for news events that can add volatility including events in Greece and G-20 meetings in France. Nothing this morning changes our outlook held for the past few days and updated […]
Squawk Morning Briefing: Euro Rate Cut
The Euro is experiencing some added volatility this morning following a rate cut announcement by the ECB. Despite the sharp movements, our analysis from today’s video still accurately describes possibilities for how the currency is likely to trade against the U. S. Dollar, despite the fact that it was recorded before the news came out.
This […]
Squawk Morning Briefing: Correction
After a significant two-day move markets are correcting. Our job now is to assess that correction and identify when it may end and return to a trend move. We discuss this in today’s videos.
Squawk Morning Briefing: Rapid Changes
Both currencies and equities have rapidly reversed from short-term extremes reached last week. Indications continue to point to a turn in markets and, if so, we would expect continued rapid movement as we resume a trend phase. In such trends, situations can evolve rapidly. In fact, we observed in our Euro video recorded just minutes […]