Auction Calling!
By David Gaffen It’s no secret that the Treasury market has changed a bit in recent months due to concerns from banks about holding too much in the way of securities and running afoul of various rules...
View ArticleThinking global, earning local
By David Gaffen Earnings season has really closed down, with Wal-Mart out of the way, and with the markets sitting just a touch off record highs, it’s worth looking at how earnings fared and what...
View ArticleTurning Japanese
By David Gaffen Just when the market thought it was out, it gets pulled back in. The bond market continues to threaten to break into higher levels, but something always seems to undermine that story....
View ArticleBuilding a Safe
By David Gaffen The housing-market recovery, the improvement in the unemployment rate and the relatively strong consumer sentiment figures seen out of the United States in recent months bodes well for...
View ArticleAs shaky as a fiddler on the roof
By David Gaffen It’s nice to look back every month or so and see just how far the market has come, and, well, it’s come a long way. And it’s worth noting yet again that investors are starting to talk...
View ArticleThe Hunger Games
By David Gaffen The IPO train keeps on running, and on Thursday, it’s being fueled with hamburgers. One of the new companies set to begin trade is Habit Restaurants, a chain offering “char-grilled...
View ArticleThe Oil Conundrum
By David Gaffen There’s a real question right now about whether the sharp decline in oil prices will continue to have a ‘rising tide’ effect on the rest of the economy, thanks to the help it gives to...
View ArticleThe ‘Worst’ Central Bank, Like, Ever
By David Gaffen One day ahead of Friday’s key U.S. jobs report, markets will turn their attention to the European Central Bank, which is currently engaging in what strategist Rich Bernstein of Richard...
View ArticleMicrosoft’s 15-Year Itch
By David Gaffen New Microsoft CEO Satya Nadella will come to his first annual shareholder meeting having boosted the company’s market value by about $90 billion in less than a year’s time (that the...
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The Market’s Silly Season
By David Gaffen The meaningful part of the year is drawing to a close (near as I can see it, there’s tomorrow’s jobs report, the Fed meeting in two weeks, and, yep, that’s about it), and as we head...
View ArticleThe Energy-Industrial Complex
By David Gaffen The next few weeks will bring a few analyst meetings out of some of the bigger industrial companies, including Dover Corp. The company is expected to hold a confab Monday to discuss...
View ArticleSapping Energy
By David Gaffen Don’t expect the selling in the energy sector to end anytime soon. With tax loss selling dominating the rest of the month, the energy stocks, which have been the worst performer this...
View ArticleOil, toil and trouble
By David Gaffen A bit of tumult has entered global markets as the year comes to a close, with various reasons proposed for the gyrations that we’ve seen in Greece, Japan and China in recent days. Some...
View ArticleThat’s a big Twinkie
By David Gaffen The market’s gyrations are a bit more than many people want to handle this time of the year, but it’s a time when stupid stuff happens, and lack of liquidity combined with concerns...
View ArticleThe Putin death cross
By David Gaffen What do we call the moment when the Russian ruble and a barrel of West Texas crude intersect? How about the Putin death cross? (Credit to Reuters Americas markets editor Dan Burns on...
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These prices are insaaaaane!
By David Gaffen It’s time to pause and take stock of the effect of the oil slump and dollar rise on markets, rather from just marveling at it. Market-watchers tend to look at one asset and attempt to...
View ArticleConsiderable Consideration of Time
By David Gaffen Markets like to tie themselves in knots ahead of Fed decisions. Instead of landing on what’s expected, at times of volatility investors instead go in the other direction and start to...
View ArticleJust the two of us
By David Gaffen There was quite a bit of back-and-forth in the markets and among commentators over the Federal Reserve’s alteration of its statement following Wednesday’s meeting. Janet Yellen went...
View ArticleThat Escalated Quickly
By David Gaffen It’s hard to determine whether the two-day run in the S&P 500 is a sign of an emerging “blow-off” top of the market, where a frenzied rally gives way to several months of weakness...
View ArticleBegin again
By David Gaffen U.S. markets stumbled a little out of the gate in 2015, after a third year of double-digit gains. The market is having a weak go of it Monday morning, and funds are moving over into the...
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