Category Archives: Week in Review

Week In Review – July 13

Summary Italy and euro periphery continue to stabilize Turkey 10-year rates still blowing out, up almost 600 bps YTD U.S. corporate credit spreads tighter on the week Argentina IMF program starting to take hold as currency 6 percent stronger in … Continue reading

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Week In Review – July 6

Summary Bounce week in the holiday-shortened sennight The trade war began but the sun came up and the world didn’t end, so they bought ‘em Defensive tone to trading, however. Telecom, utilities, and healthcare outperform Big rallies in Brazil and … Continue reading

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2018 – First Half Performance

 

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Week In Review – June 29

Summary Global equities finished the first half relatively weak. The S&P500 moved back and tested the bottom of the old trading range of 2700-2742.  We seriously doubt this range holds and expect lower prices unless POTUS gets religion on free … Continue reading

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Week In Review – June 15

Summary Friday’s markets were surprisingly resilient given the escalation of the trade wars Big recovery in Euro periphery sovereign spreads on the back of Italian FinMin’s statement backing the euro currency Angela Merkel is having big problems within her government. … Continue reading

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Week In Review – June 8

Summary Good week for U.S. equities with Dow outperforming Next stop on the S&P500 is 2801.90 and then the all-time high We are better sellers up there into the fall as the Fed’s balance sheet reduction steps up, which will … Continue reading

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Week In Review – June 1

Summary The week began with a spike in volatility on Italian politics, then again on Thursday on trade war fears Stocks remain resilient, firming up Friday with the solid employment numbers S&P500 continues to trade in a 40-point range, stuck … Continue reading

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Week In Review – May 25

Summary The S&P500 is trapped in a 2-week trading range between 2707 to 2742. Of note, 2742.92 is the 61.8 Fibo in the correction, 2702.78 the 50 percent level Fibo.  The 100-day moving average is also support at 2710.86.  Watch … Continue reading

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Week In Review – May 18

Summary Omnifarious selling in emerging markets this week and signal global liquidity is tightening up EM 10-year yields higher across the board from Mexico up 20 bps to Turkey up 125 bps Euro periphery spreads blow out. Italy 34 bps … Continue reading

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Week In Review – April 27

Markets were able to hold up on the back of blow out earnings from Amazon and other tech companies, finishing flattish for the week.  The S&P500 made a lower high and a  lower low compared to last week. The S&P500 … Continue reading

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