Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Mixed Messages
The Euro has had a sharp move down overnight, and the move is sharp as if we are starting to turn down. However, the pattern to the upside still counts incomplete, and the move down is still only in three waves. Therefore, we are reluctant to view the top as in unless we see further […]
Squawk Morning Briefing: Biding Time
Markets are continuing their move which started in early October; a move which should ultimately prove corrective. However, it hasn’t yet shown signs that it’s over so we will continue to watch its progress as we look for clues.
Squawk Morning Briefing: Computer Woes
Computer problems are fixed this morning and we should be getting the DJIA briefing back to an evening schedule this morning. With everything going on this morning we will get right to our videos without further commentary…
Squawk Morning Briefing: Grand Slam?
In October, it is hard to avoid baseball analogies so if yesterday was a miss on the earnings front then today might well be a grand slam, or at least an inning with lots of solid hits and RBI. The latter scenario recognizes that none of the reporting companies hit it out of the park, […]
Squawk Morning Briefing: MMMiss…
As of yesterday’s close MMM had the fifth highest share price of 30 stocks that make up the DJIA. That means price fluctuations in MMM have more impact than 25 of the other components. After reporting weaker than expected earnings and announcing they see further weakness ahead. Pre-market MMM shares are trading below XOM shares […]
Squawk Morning Briefing: Europe Still in Control
As we wait for wave patterns to clarify, news out of Europe continues to dominate headlines. Earnings will also continue this week, but it remains to be seen whether anything out of individual companies can upstage worries about sovereign debt.
Squawk Morning Briefing: Yield Signs
We continue to see the possibility of triangles in many markets, including both forex and U. S. equities. Just as with traffic signs, this often suggests one should yield; let the congestion pass; and then move once everything is clear. In markets, congestion equals chop and trading in chop can be as dangerous as speeding […]
Squawk Morning Briefing: We’re sorry
We are sorry for the delay in today’s update. We’ll get right to the videos…
Squawk Morning Briefing: Keeping Eyes on Europe
It seems that U. S. equity markets continue to look to Europe for clues to direction. That makes sense, since the major economic worry continues to be European debt. That means we’ll likely continue to see the European currency and domestic stock markets trade roughly in tandem. If so, then we can continue using clues […]
Squawk Morning Briefing: Monitoring Mood
IBM sold off significantly after-hours on Monday after reporting earnings that topped consensus. Many reports attributed the drop to revenues that missed expectations — a miss that one has to drill down a few decimal places to calculate. It seems unlikely that such a fractional shortfall in an otherwise positive report would lead to such […]