Even as Yen progresses jump(down) in currency, Dollar progresses on the long cherished goal of yields going in north just in time for Ben Bernanke to not worry about a lower rate of inflation in his last year on the job,…
Even as Yen progresses jump(down) in currency, Dollar progresses on the long cherished goal of yields going in north just in time for Ben Bernanke to not worry about a lower rate of inflation in his last year on the job,…
The March FOMC Statement has been released along expected lines. The Fed has apparently tried to remove possibility of runaway speculation around its statements in small measure removing strategic Ifs and buts from the January statement specifically when confirming…
Michael Corbat’s Citi did better than the Wall Street Titans for a change as it managed to get its payouts approved in the 2013 edition of the Fed Stress Tests while JP Morgan’s $1.5 B per quarter buyback program was…
Goldman Sachs continues to reduce ‘Compensation Costs’ before stress tests However even with just 32,500 staff at Goldman Sachs as of this fall(down 10% in less than a year), the firm has made 70 new partners, the low number breaking…
Clint Eastwood’s newly launched Anti Obama Campaign inadvertently combined with the FOMC meeting announcement along expected lines to bring out a likely mean streak in equities in afternoon trading. As expected the October announcement, as it is not to be…
Forecasts for the US Ecoonomy at the June FOMC were down by as much as 0.5 % on GDP, with 2013 forecasts to 2.7-3.1% and 2012 data to 1.9-2.4% GDP and even unemployment forecasts moved south to 8.2% at the…
The 30Y Auction Bid Cover ratio dwindled steeply to 2.4 from 2.7-3 levels of earlier with a low yield of 1.62% even as Fed Balance sheet assets expanded to $2.871 T. The money supply was under attack to from the…
The Afternoon’s Consumer credit report from the Fed (G.19) had a double cause to cheer as Non revolving credit grew 7% on April 2011 to take the Consumer credit above $2.5T even as revolving credit was down 4.75% on the…
While the Fed had a decrease in foreign Currency assets almost to $8.2 B and seemingly sold away another $5.2 B of Maiden Lane III, it still added a $10 B in MBS holdings (QE3 again?) and its holdings of…
Though the Fed would have preferred being proved right ont he continuing recoevery its indicated fears are coming true though no Jobs number is due this Tuesday. The Weekly Goldman ICSC retail indices are on mark to losing the 3%…
| INDU | 0.00 | ||
| NASDAQ | 3498.965 | ||
| S&P 500 | 1655.35 | ||
| AMZN | 262.96 | ||
| AAPL | 441.354 | ||
| GS | 159.34 | ||
| BAC | 13.31 | ||
| JPM | 53.63 | ||
| UAL | 33.24 | ||
| MCD | 101.74 | ||
| KO | 42.25 | ||
| DIS | 65.57 | ||
| DB | 46.91 | ||
| HBC | 57.26 | ||
| GOOG | 889.42 | ||
| VMW | 73.60 |