Archive for the ‘Morning Briefing’ Category
Squawk Morning Briefing: Manufacturing in Focus
We’re going to be watching closely for the reaction to ISM later today. Of course in the context of our wave count which is described in today’s videos.
Squawk Morning Briefing: Indecision Revisited
We have been talking about the market keeping options open and several markets seem to be doing this at the moment. We need to take are cues from market; when it is decisive and purposeful, we can be, too. However, when it is indecisive we need to be just as purposeful. But in this latter […]
Squawk Morning Briefing: Not Our Fault
Yesterday we talked about the sort of finger pointing that goes on when situations turn dark. This morning, German lawmakers decided they would not risk the immediate wrath of other Europeans that would be associated with being the first country to reject funding the EFSF. There was a slight pop in the news, but no […]
Squawk Morning Briefing: It’s Your Fault
It is human nature to want to believe that somebody’s actions are responsibly for bad things that occur; if that person isn’t you, your family, or your friends then it’s even better. It is in this spirit that the Greek people will likely blame the Germans, French, and other “core” Europeans for inflicting the pain […]
Squawk Morning Briefing: Buddy, Can You Spare a Quarter?
The end of another quarter is upon us and that generally leads to positive trends. Nevertheless, our best interpretation of the wave count has us in an upward correction and that suggests any seasonal effects should be contained. It also gives us clear levels where our interpretation would be wrong as outlined in […]
Squawk Morning Briefing: Playng Defense
In our Elliott Squawk Learning Resources section we have an article on minimum expectations. The article goes into more depth about the importance of this concept and it is a timely one today since the new Euro low overnight has satisfied minimum downside expectations in one of the counts we’re tracking. That doesn’t mean that […]
Squawk Morning Briefing: Don’t Let Me Be The Last to Sell
Buying slowly entices more buyers as the investing crowd seduces the remnants on the sidelines with the lure of a sure profits in securities which seem to only go up. Even those who don’t trust the rally on fundamentals figure that as long as there’s someone else more deluded about the market’s value then today’s […]
Squawk Morning Briefing: Significant Changes
The brief pop following the FOMC announcement of “Operation Twist” was quickly sold. One way to write this off was that the initial moves following a Fed announcement are often reversed. Another would be that there were important items in the text of the announcement that took a few moments to discover. So it might […]
Squawk Morning Briefing: All Quiet
As if anyone needs any evidence of the impact that Fed intervention has in financial markets, one only needs to look at how much is being made of today’s FOMC meeting and how calm markets are as they await word on what America’s central bankers will do.
This only serves to underscore the importance of confidence […]
Squawk Morning Briefing: All in a Twist
Today the FOMC begins a scheduled two-day meeting. The extended format is reported to accommodate more discussion of monetary policy, and “accommodate” is an appropriate word. Now we’ll preface this by saying that we are neither Fed watchers nor economists, but some writing seems to be on the wall: We see middle-of-the-road board members making […]