Archive for September, 2014
Monday, September 15th, 2014
Via Millan Mulraine at TDSecurites:
After 6 months of uninterrupted growth, US industrial sector output weakened surprisingly in August, falling by 0.1% m/m. This was worse than the market expectation for a decent 0.4% m/m gain on the month, and it comes on the heels of the downward revision to last ...
Posted in Uncategorized | Comments Off on Thoughts on IP
Monday, September 15th, 2014
Via Bloomberg and a fully paid up subscriber:
Record S&P 500 Masks Pain as 47% of Nasdaq Mired in Bear Market
2014-09-14 23:00:00.9 GMT
By Lu Wang and Joseph Ciolli
Sept. 15 (Bloomberg) -- Beneath the U.S. stock market’s
record-setting gains, trouble is stirring.
About 47 percent of stocks in the Nasdaq Composite Index
are down at ...
Posted in Uncategorized | 1 Comment »
Monday, September 15th, 2014
This is obviously a non market story about a great and retiring baseball player. The New York Times today calculates that in Jeter's storied career he took a total of 341,960 swings. That includes practice swings in the winter time.
I thought it was interesting (and hope you do too).
Posted in Uncategorized | Comments Off on Derek Jeter
Monday, September 15th, 2014
Via Bloomberg:
WHAT TO WATCH:
* (All times New York)
Economic Data
* 8:30am: Empire Manufacturing, Sept., est. 16.00 (prior
14.69)
* 9:15am: Industrial Production m/m, Aug., est. 0.3% (prior
0.4%)
* Capacity Utilization, Aug., est. 79.3% (prior 79.2%)
* Manufacturing (SIC) Production, Aug., est. 0.2% (prior
1%)
Supply
* 11:00am: U.S. to announce plans for auction of 4W bills
* 11:00am: Fed ...
Posted in Uncategorized | Comments Off on What to Watch Today
Monday, September 15th, 2014
Via Marc Chandler at Brown Brothers:
Drivers for the Week Ahead
- We provide a larger preview given this is a decisive week for markets with FOMC meeting, the launch of the ECB's TLTRO, and the Scottish referendum
- The key issue around the FOMC meeting is a possible change in forward guidance
- ...
Posted in Uncategorized | Comments Off on FX
Monday, September 15th, 2014
Via the good folks at Bloomberg:
IG CREDIT: Volume Lower; Issuance Near $100b; AFDB Added to List
2014-09-15 09:53:28.952 GMT
By Robert Elson
Sept. 15 (Bloomberg) -- The final Trace count for secondary
trading was $10.7b vs $13.3b Thursday and $11.3b the previous
Friday. 10-DMA $12.3b; 10-DMA of only Friday sessions $8.6b.
* 144a trading added another ...
Posted in Uncategorized | Comments Off on Secondary Market IG Trading Friday
Monday, September 15th, 2014
Prices of Treasury coupon securities have performed their best imitation of a moribund feline striking the ground as they have experienced a small bounce this morning following the sharp sell off on Friday. There was no trading in Tokyo and consequently volumes are light. China produced weekend news with a ...
Posted in Uncategorized | Comments Off on September 15 2014 Opening
Sunday, September 14th, 2014
This is the second Hilsenrath of the weekend and it is a lengthy discussion on the collegial and consultative style of Janet Yellen.
Via WSJ and Jon Hilsenrath:
Economy
Fed Chief Yellen Seeks Interest-Rate Consensus
Chairwoman's Actions in Her First Six Months Confound View of Her as Strong Advocate of Easy Money
By
Jon Hilsenrath
Sept. 14, ...
Posted in Uncategorized | Comments Off on Hilsenrath with Logorrhea
Sunday, September 14th, 2014
China Industrial Production declined to a six year low and that report (on Saturday) has motivated a drop in Asian equity markets (Australia too) as well as US S and P futures. Japan is closed for Respect the Aged Day (which is a holiday I can relate to and support).
Via ...
Posted in Uncategorized | Comments Off on China Industrial Production Slumps
Sunday, September 14th, 2014
Via Jon Hilsenrath and the WSJ:
The Outlook
The Outlook: Fed Sizes Up Alternate Rate-Hike Paths
Central Bank Debates How Soon, and How Quickly, It Should Start Tightening
By
Jon Hilsenrath
Updated Sept. 14, 2014 4:56 p.m. ET
While investors wager on when the Federal Reserve will start raising short-term interest rates, a more complicated debate is ...
Posted in Uncategorized | Comments Off on Hilsenrath on Sunday Evening