E WhatsTrading Recap – 03/05/2015
Choppy trading continues and the S&P 500 clings to a modest 2.25-point gain heading into the final 40 minutes of trading Thursday. At 2100.78, the index is down 4.5 points on …
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“Chinese Economic Activity Has Probably Slowed To Less Than 3%”
In a world in which sell-side research (and even that of independent third-parties) is not only meaningless – because as we first said in 2010 the only thing that matters …
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ECB Ups ELA To Greece; Draghi Announces “End To Eurozone Crisis”; Euro Sinks To Eleven-Year Low
Today the euro sunk to a low last seen in August of 2003. One euro is now worth $1.10. click on chart for sharper image Apparently this is a “success” …
Read More 3 Things – New Highs, Dollar Rally, Margin Debt
These New Highs Look Like The Old Highs There has been much commentary over the past week as the S&P 500 reached new highs. The issue, for me, is that …
Read More Global Debt Spinning Out Of Control
Economic commentator Jeremy Warner has published a new piece in which he argues that the world economy is overwhelmed with public and private debts. He believes one of the only ways out …
Read More Why No One Cares About Weaker Economic Data And Earnings…Yet
Initial Jobless Claims came in today at 320,000, well above the consensus expectation of 295,000 and the highest level since last May. This is not a one-off. Over the past …
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E Small Cap Best & Worst Report – March 5, 2015
The best scoring small caps from our weekly reports have outpaced the IWM by a median 657 bps in the following year. Utilities score best across small cap. The top …
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Bank Of England Under Investigation For Being Too Friendly With Banks
The biggest problem we have with central banks is that they are run by academics with ZERO real world experience. This applies not just at the Fed, but most central banks with …
Read More Mario Draghi Reveals Biggest. Hockeystick. Ever
Back in December when Mario Draghi revealed the latest ECB staff inflation forecast, when oil was already plunging, the ECB slashed its 2015 inflation forecast from 1.1% to 0.7%, while …
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Euro Head Fake, Bounces Only To Sell-Off On Draghi
ECB’s Draghi failed to provide much fresh insight into implementation of its asset purchase program. The details will be posted on the ECB’s web site later.  The more important information comes …
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