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Tag Archives | Financials

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RATES: Risk-on Vibe & Strong Equity Showing Provide Negative Tilt Ahead of US Data

December Bonds and Notes grinded marginally lower during the initial morning hours, with eroding safe-haven demand from a strong showing in global equity markets. Additionally, safe have demand also came under pressure following German ZEW investor expectations data that came in stronger than expected and a 50 point bounce in the December S&P 500 from […]

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Stocks: Technical Damage To Control but Sentiment is Already Overdone

Not surprisingly global equity markets have extended their downside plunge overnight despite promises of action from the PBOC. The biggest loser overnight was the Shanghai Composite which was down by more than 8%. While the Chinese markets were showing the largest declines since the sub-prime crisis, until this morning Chinese stocks were still above the […]

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S&P Set for More Downside

The June S&P 500 came under added selling pressure during the initial morning hours and fell to a new six day low in the process. The index is down more than 40 points from Friday morning’s new contract high (1892.00), and the high volume reversal action to the downside is a bearish force. The weakness […]

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Approaching Commodity Recovery

Periodically it pays to take a step back from the markets to look at the big picture. Earlier this spring there were fears of another recession, which was given credence by weak US Payrolls and disappointing Chinese GDP data. Not surprisingly, commodities came under an aggressive liquidation wave from February into a mid-April. Over the […]

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