Monthly Archives: January 2015
I don’t get this. I checked CNBC’s website at 9:20am and saw this… Yet here’s what SPX futures were doing: I’m pretty good at math. Last I checked 1997 to 1999 was lower than 2002 (where spx futures were at 8:30am when the BEA’s GDP report was released.
Borrowing a page from the CFO playbook, yesterday the ECB sandbagged things by leaking news of a 50B euro/month QE program to be announced this morning. It then provided a “beat” by announcing a 60B euro/month QE program at 8:30am this morning. Can you tell that ECB President Draghi used to work for Goldman Sachs? SPX futures took the news in stride this morning. […] Read the rest of this entry
This being January, stock market and economic forecasts abound. Here’s mine…. Global economic growth in 2015 will be the slowest in decades and global stock markets will have one of their worst years in history. The only reason this forecast does not materialize is new policy actions are taken by the world’s 2nd, 3rd, and 4th largest central banks to stop the downward spiral. […] Read the rest of this entry
Happy New Year! Welcome to 2015. It’s going to be a fantastic year. Unless the previous 16 years of Greedometer functioning suddenly stops, 2015 and 2016 will be ideal years to be nimble. Tactical long and short investors are going to be rewarded with low volatility and green returns (even more so than 2014 — and that worked out pretty darn well). I […] Read the rest of this entry