Archive for the ‘Elliott Squawk’ Category
Squawk Morning Briefing: A Change in Tone
On Tuesday television news coverage was full of politicians celebrating a change in tone in Washington. At the same time, there was a change in tone in markets. The DJIA broke below its 200 day moving average and broke major trendlines supporting the move up from 2009 lows.
Getting to that point has […]
Squawk Morning Briefing: The Austrians Are Coming
With the U. S. House of Representatives having passed a debt ceiling increase and the Senate poised to follow suit, it looks like the debt ceiling issue (but not the debt issue) may be behind us. There may be some reaction to final passage, but once that’s out of the way, traders’ attention will likely […]
Squawk Morning Briefing: Decisive Outcomes
New continues to drive the market and futures are up on news of a debt ceiling agreement. It remains to be seen whether that agreement will lead to passage of legislation. A vote is expected today, but the only decisive action would be if it is passed and signed into law. A first attempt to […]
Squawk Morning Briefing: No Lipstick on this Pig
Going into the last trading day of the month there is usually chatter about window dressing. This month it seems that traders are more focused on the foundation than the decor. The news cycle remains in control of the markets and there could be plenty of it today.
There is no avoiding the debt ceiling issue. […]
Squawk Morning Briefing: House Whip
For those unfamiliar with the arcane elements of congressional procedures, the Whip is a member of congress responsible for keeping all of his party’s members in line and voting for a particular bill. But when the Whip counts up votes and finds insufficient votes for a measure the party needs to regroup as we saw […]
Squawk Morning Briefing: While You Were Sleeping
While the equity futures chopped sideways overnight gold quietly made yet another all-time high. The news risk we keep referencing continues and traders continue to search for whatever market seems to be moving. This running from market to market can continue to enhance any news-related volatility. We’ll keep watching for things to settle into a […]
Squawk Morning Briefing: No Campaigning for NFL Replacement Draft
Markets seem to be complacent, comfortable with a notion that a U. S. debt ceiling agreement will be reached. Otherwise, it is tough to imagine that the moves we’re seeing, both up and down, would be as controlled as they currently are. Some outlets are reporting that Monday’s sharp spike up in Treasuries was due […]
Squawk Morning Briefing: Continued News Risk
There is significant news risk ahead. From issues affecting U.S. and European debt to the continuing parade of earnings releases, there are many things that could rock markets, perhaps significantly. Kevin is back today and providing his take on our YM and Treasury analysis so we’re back to our regular format. All of our analysis […]
Squawk Morning Briefing: The CAT Came Back?
CAT has been an extremely strong stock lately. In fact, since late June it has been persistently above the very upper FibGrid fire line at 103.25 based on the values we distribute with FibGrid Stock Update. After earnings this morning, CAT has come down as low as 104.09 in pre-market trading as of this […]
Squawk Morning Briefing: Unraveling The Mess
There are plenty of messes out there. We’ve got political messes both in the U. S. and in Europe. In fact, news out of Europe seems to have knocked the Euro relative to the U. S. Dollar overnight. But that doesn’t resolve the mess in the markets where the Euro is still in a large […]