Oil Is Getting Slammed
Crude oil prices are getting hit again today.
Right now, WTI crude futures are down 2.7%, trading around $86.30 a barrel.
In the past few minutes, for no obvious reason, oil made a significant move lower.
EUR Tumbles On Weidmann Comment Of Possible Rate Cut
European Stocks Plunge Most In Six Months
Worst 4-day run in 10 months in stocks…
Apple falls below $400 a share
SAN FRANCISCO (MarketWatch) — Apple Inc.AAPL -5.33% shares continued to [...]
by Phoenix Capital Research
First off I want to say that all of us here at Phoenix Capital Research are sending our prayers to the victims of the Boston Terror Attacks. We sincerely hope none of you, our readers, or your loved ones were injured or harmed by these events.
The markets today are snapping back from yesterday’s sharp drop. However, in the bigger picture we believe that Ben Bernanke must be [...]
More Signs The Economy Is Rolling Over All Around The World
Here’s SocGen with more thoughts:
Turmoil in Cyprus is pushing the economic surprise index back into negative territory in the eurozone.
Momentum is still declining in emerging markets as growth is slowing.
Only the US is managing to maintain strong economic momentum and we expect economic surprises to remain positive over there, especially in H2 2013.
This Chart Contradicts The #1 Fear People Have [...]
After two-decade downturn, Bank of Japan unleashes world’s biggest stimulus – $1.4 trillion!
(Reuters) – The Bank of Japan unleashed the world’s most intense burst of monetary stimulus on Thursday, promising to inject about $1.4 trillion into the economy in less than two years, a radical gamble that sent the yen reeling and bond yields to record lows.
Bank of England keeps policy steady despite new remit
Here’s A Bunch Of Ugly Numbers Out Of [...]
ALBERT EDWARDS: Here’s Why The Market Has Been Tanking
We noted last night that the decline was happening, even as the Citi Economic Surprise Index was hitting new highs:
Bloomberg, Business Insider
In his latest note, SocGen’s famously bearish strategist Albert Edwards says there is no mystery going on here.
First he notes that a divorce between stocks and economic surprises is not unprecedented. It happened in… 2008.
But more specifically, Edwards says it’s all about [...]
Despite economic miss after miss, the momentum players in the market continue unfazed, dodectupling down on Bernanke Put Double Zero, pushing stocks to new highs simply on continued hopes that something in Europe may have changed with Merkel’s so-called defeat last week, even as Merkel’s key CSU coalition partners voiced an open threat earlier today to no longer support Eurozone aid if there is no conditionality – supposedly Mario Monti’s biggest victory (ignoring [...]
We have quite vehemently reminded readers of the dismal drop in US (and global) macro data over the past few months. These disappointing economic surprises and the ensuing global growth weakness will, Morgan Stanley believes, lead to a global policy response (rate cuts where rates can be cut and QE where they can’t) and while they expect this monetary policy to work in many important emerging economies, they are doubtful [...]