September 2012 Mario Draghi, ECB Bond Buying Program Details Leaked: Mario Draghi, the head of the European Central Bank will be buying bonds. The new bond buying scheme will focus on “unlimited purchases of government debt” which will be “sterilized” to mitigate the negative impact of printing money. There will be no public caps on yields,…
NASDAQ Set To Hit 11 Year High As ‘All Eyes On Ben’: Stocks closed mixed today as investors pondered whether Ben Bernanke and the Fed might ease sooner rather than later. The arguments for the Fed easing sooner are based on its dual mandate of keeping the economy at full employment with low inflation. Inflation…
August 2012 Rally Continues As Financials, Tech And Small Caps Outperform: Shorts were dismayed today as U.S. stocks continued the early August 2012 rally and the S&P quietly got closer to new multi-year highs. Traders have enough bad news from overseas such as the never-ending Europe crisis and a possible hard landing from China, yet they…
Small Caps Participate As August 2012 Rally Continues, Jobless Claims Relatively Unchanged: Small caps finally caught up to the overall market as stocks jumped after digesting more positive news about the economy even though Walmart didn’t help equity prices rise today. Initial jobless claims were part of the positive sentiment in today’s trading. Jobless claims for…
Industrial Production, NAHB Sentiment Up; QE3 Bets Decrease As Rangebound Trading Continues, Is That A Good Thing? Traders stuck to the sidelines after getting mixed signals about the U.S. economy and the likelihood of QE3 this week. Retail sales numbers were up yesterday along with good news from Home Depot, but some short sellers remained firm…
