Most core Asian markets recorded positive returns today and even saw the JPY trade back above the 111 level. Banking and Consumers were the leaders in the pack with the obvious losers being Healthcare stocks affected even in Asia by the US postponed insurance bill vote. Shanghai and Hang Seng both had little change even after the late US […]
Dijsselbloem’s comments regarding the Southern Europe reflect the political bias – not the general public at large within Europe. There are different cultures throughout Europe. In some places people will not cross the street until a light changes even if there are no cars. Other parts are like New York, lights are optional. There are […]
QUESTION: Hi Marty, A couple of questions please. When the Feds raised the rates last week why did the dollar mover lower? Also, with the trend change coming in May should we be out of the market? If so how long? Thank you S ANSWER: The Fed raised rates as expected, but that same day […]
Jeroen Dijsselbloem, Eurogroup President, has launched a storm of indignation as he insults half of Europe, illustrating the clash between the North and South. Dijsselbloem said of Southern Europe: “I can not spend all my money on liquor and women and then ask for your support.” This is how far politicians are disconnected from reality. Dijsselbloem will not […]
Today a closing above 20775 will signal that the Dow Jones Industrials is still holding firm. We see this period into May as consolidation. We have technical support at 20147 level and technical closing support at 20702. ONLY a weekly closing below 20000 would confirm a more sustainable correction into May. Otherwise, expect choppiness. […]
