Tag Archives: SPY

Swiss Franc The Euro has risen by 0.20% to 1.152 CHF. EUR/CHF and USD/CHF, February 23(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates A light economic schedule in North America may help the markets close the week on a quiet note. Perhaps if there is one number that captures this sense, it may be the VIX. It is soft and barring a new disruption today, it is poised to...

Swiss Franc The Euro has fallen by 0.13% to 1.1515 CHF. EUR/CHF and USD/CHF, February 22(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The dramatic reversal of US shares yesterday in the last hour of trading has once again pulled the proverbial rug beneath the feet of investors. The turn down, moreover, occurred near important technical levels, seemingly adding to the...

Summary: S&P 500 stalled near 61.8% retracement of decline. Dow Jones Stoxx 600 stopped at 38.2% retracement. U.S. corporate earnings growth has been much more impressive than that of Europe. The different performance does not appear to be a function of FX rates. Today is an important day for equities. After a sharp sell-off earlier this month, stocks staged a recovery last week. The recovery has stalled...

- Click to enlarge In large gatherings of people, from airplanes to theater to conferences, we are often told to know the closest exit. The same is true for investing. No matter one’s confidence when they buy a security, someone is just as convinced on the other side who is selling the security. Well into this 4.5-minute interview (click here for the link) on Bloomberg’s “What’d You Miss” show, Lisa Abramowicz...

Swiss Franc The Euro has risen by 0.13% to 1.154 CHF. EUR/CHF and USD/CHF, February 20(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The dollar is finding better traction today, building on the upside reversal seen before the weekend. The news stream has been light and it seems like primarily an issue of positioning rather than a change in sentiment or the consensus...

The US markets are closed on Monday, and many parts of Asia will continue to celebrate the Lunar New Year. The economic schedule is fairly light, and market psychology appears fragile after the dramatic activity in equities and what appears to be shifting macro-relationships. To help navigate the challenging investment climate, we identify four “numbers” that can illuminate the path ahead. The equity market is center...

Swiss Franc The Euro has fallen by 0.13% to 1.1513 CHF. EUR/CHF and USD/CHF, February 16(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Nearly all the major currencies have risen at least two percent against the US dollar this week. The Canadian dollar is an exception. It has risen one percent this week ahead of today’s local session. Sterling is becoming another...

Swiss Franc The Euro has fallen by 0.24% to 1.1535 CHF. EUR/CHF and USD/CHF, February 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The significant development this week has been the recovery of equities after last week’s neck-breaking drop, while yields have continued to rise. The dollar has taken is cues from the risk-on impulse from the equity market and the...

Swiss Franc The Euro has fallen by 0.08% to 1.1533 CHF. EUR/CHF and USD/CHF, February 14(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates There is an unease that continues to hang over the market. It is as if a shoe fell last week, and most investors seem to be waiting for the other shoe to drop. It is hard to imagine the kind of body blow that the equities took last week...

Summary: The relationship between stocks and bonds does not appear to have changed much. It is difficult to eyeball correlations. Question the meaning of a chart that has two time series and two scales and. This Great Graphic comes from Bloomberg. It is a more complicated look at the relationship between the US stocks and bonds. In particular, we are looking at the S&P 500 and the 10-year US generic...