Economic Data Front & Center

This morning we get a revision to Q3 GDP. It is expected to climb to 2.1% from 1.5%. Then at 10:00 a.m. the latest Consumer Confidence number is due out. Tomorrow sees a plethora of economic data as well. Economic Data Futures are lower on Turkey … [Read more...]

Portfolio Update

The S&P 500 is lower by 1.48% in the last week and for the year 0.96%. The Nasdaq Composite moves back below 5100 and the Dow remains above 17500. The portfolio remains 58% invested long, 0% short and 42% in cash, net long 58%. We are now at a … [Read more...]

Merger Monday

2015 has been a strong year for mergers. This morning Duke Energy (DUK) is buying Piedmont Natural Gas (PNY) for $60 a share. The stock closed on Friday at $42.22. Such a deal for shareholders. Merger Monday … [Read more...]

Earnings Start To Pick Up

In After Hours Trading (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): CE+.13, SIX+.11, HA+.06, IBM+.04, CCK+.03, FLEX+.02, STLD+.02, HLX+.02, HXL-.04. Earnings due after the close (by avg. trade volume): YHOO, NAVI, DFS, FTI, TEX, … [Read more...]

Growth Remains Anemic

Retail sales are out for the latest period and they rose by 0.1% against an estimate of 0.2%. The prior month was revised down to 0% from 0.2%. The consumer remains cautious and continues to accrue dollars in his/her pocket. Articles That Matter Archives … [Read more...]

Futures Up

Since yesterday's close futures have been all over the place. The lowest was -6 and the highest was +13. Currently, we are +8. For the next two days, there will be no Market Matters due to travel. We will hit key items here. Yesterday there were some … [Read more...]

Positive Outlook For Q4 With 90% Chance Of Success

This morning Fundstrat Global Advisors Tom Lee wrote that "We find clients more scared than any time since 2009". This is good not bad news as extreme fear usually signals a bottom. Lee went on to note that, "Whenever you have a down Q3, Q4 is up 90% of … [Read more...]

Tuesday Briefing

This morning we link to The New York Times and its Tuesday Briefing. We have an early meeting and this will replace Market Matters for today. It will return tomorrow. Tuesday Briefing … [Read more...]

A Sad Day

This morning we learned that New York Yankees catcher Yogi Berra passed away yesterday at the ripe old age of 90. He was a three time American League MVP. In addition, he was now for his great quotes. Perhaps the most appropriate quote for today is, "The … [Read more...]

Take A Chill Pill

September 21, 2015 This morning CNBC has good article on the latest China Beige Book (CCB) survey that the perception is much worse than the reality. As such, Chinese equity markets should begin to calm down. Chine Beige Book   … [Read more...]