Thursday, January 19, 2012 Stock Market Commentary: Stocks and a slew of other risk assets rallied on Thursday, led higher but stronger than expected economic and earnings data. From our point of view, the major averages confirmed their latest rally attempt on Tuesday 1.3.12 which was Day 9 of their current rally attempt. It was…
Wednesday, January 18, 2012 Stock Market Commentary: Stocks and a slew of other risk assets were relatively quiet on Wednesday after IMF was rumored to be working on a plan to bailout the euro and the U.S. producer price index (PPI) did not indicate inflation was a threat at this point. From our point of…
Tuesday, January 17, 2012 Stock Market Commentary: Stocks and a slew of other risk assets rose on Tuesday as traders returned from a long holiday weekend in the U.S. From our point of view, the major averages confirmed their latest rally attempt on Tuesday 1.3.12 which was Day 9 of their current rally attempt. It…
Friday, January 13, 2012 Stock Market Commentary: Stocks and a slew of other risk assets ended the week higher shrugging off France’s downgrade (which made lose its AAA rating) and investors digested a slew economic and earnings data. From our point of view, the major averages confirmed their latest rally attempt on Tuesday 1.3.12 which…