Friday, August 31, 2012

DailyMarkets.com - Commodities Vulnerable As Bernanke Disappoints Hopes For Stimulus

DailyMarkets.com - Commodities Vulnerable As Bernanke Disappoints Hopes For Stimulus

Commodities Vulnerable As Bernanke Disappoints Hopes For Stimulus

Posted: 30 Aug 2012 11:11 PM PDT

Talking Points

Crude Oil, Copper Likely to Follow Stocks Lower as Bernanke Disappoints QE3 Hopes
Gold and Silver Expected to Fall as Fading Stimulus Bets Dent Inflation- Hedge Demand

Commodities are treading water in the hours ahead of Fed Chairman Ben Bernanke's much-anticipated speech from at the Jackson Hole symposium. Traders hope the central bank chief will signal the intention of launching a third round of quantitative easing (QE3). On balance, the doves appear set for a … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Hot Option Plays: Stocks Down On Global Worries

Posted: 30 Aug 2012 09:25 PM PDT

Cusick’s Corner 08-30-2012
The market has pulled back but not challenging the bulls at this time. Most of the market is awaiting Bernanke’s comments from Jackson Hole but at this stage it is hard to believe that much of anything will come out. I will be watching 1390 on the S&Ps, if there is a break this level then there could be more concern coming from the bulls. See you After Hours.
Volatility is up a notch Thursday on concerns about a worldwide economic slowdown. Stocks were broadly … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Hot Option Plays: Waiting On Ben

Posted: 30 Aug 2012 09:25 PM PDT

Cusick’s Corner 08-30-2012
Many traders on both sides of the fence spent the day shoring up risk in front of Bernanke’s comments tomorrow morning. While it is impossible to game plan what is going to happen, the move this morning did give an indication that if there is no change in the stance or language from the Fed, markets may not react too kindly. There are two flags that have triggered concern: First, the Transports, IYT, have been on a slide and that’s negative for the Dow Industrials. … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Great Plains Farmers Hoping For Rain Ahead Of Wheat Sowing

Posted: 30 Aug 2012 09:25 PM PDT

Thursday, August 30, 2012
Sowing season for Winter Wheat is almost upon us, and much of the growing region is still reeling from drought conditions. When conditions in Kansas are being referred to as “Dust Bowl like”, it is not meant as hyperbole. A very moist winter is a must for many farmers, suggesting some traders may want to keep an eye on precipitation levels in the coming weeks. Also, the National Oceanic and Atmospheric Administration (NOAA) typically releases its winter forecast in … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Jackson Hole Theme: “The Changing Policy Landscape”

Posted: 30 Aug 2012 05:00 PM PDT

   Once again, financial markets worldwide will turn their attention to Jackson Hole, Wyoming on Friday for fresh clues to whether the Federal Reserve will embark on further moves to stimulate the U.S. economy.
    With no meetings scheduled for the Federal Reserve's policy-making body until Sept. 12-13, Chairman Ben Bernanke is expected to use the conference in the northern Rockies to update markets on his vision of how the economy has evolved since the FOMC’s last … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Dow Drops To Close Just A Fraction Above 13,000

Posted: 30 Aug 2012 09:18 AM PDT

08/30/12 Stocks pared their losses late Thursday but were still well in the red just one day ahead of the Fed’s Jackson Hole meeting and on reports Spain will delay deciding whether to seek a bailout until the aid conditions are … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Gas Prices Around The World: Relative To Income, U.S. Has Some Of The Cheapest Gas In The World

Posted: 30 Aug 2012 01:56 PM PDT

A few weeks ago Bloomberg featured the “Highest & Cheapest Gas Prices by Country, where they ranked 60 countries by the average retail gas price at the pump and by the “pain at the pump,” which is measured by the percentage of average daily income needed to buy a gallon of gas.  Here are some of the findings:

1. Based on both the retail price of gas and “pain at the pump,” Venezuela has the cheapest gas in the world at $0.09 cents per gallon, cheaper even than bottled … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Still Shaky

Posted: 30 Aug 2012 01:39 PM PDT

While it is always possible that the housing market has seen its lows, there’s still plenty of evidence that suggests otherwise; among other things:
Potential supply is significantly larger than what is currently for sale
“What Housing Recovery? Distressed Sales Still High, Shadow Inventory Massive” (Forbes)
Housing markets seemed to have turned a corner, with Tuesday's Case-Shiller data adding to the optimism.  Home prices have risen for a second consecutive month for the first time … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

United Unveils Domestic Dreamliner Routes

Posted: 30 Aug 2012 01:24 PM PDT

08/30/12 United Airlines will begin flying the Boeing 787 Dreamliner in November. The airline has announced its temporary domestic routes for the long-awaited … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Shifting Demographics Explain The “Hollowing Out”

Posted: 30 Aug 2012 12:45 PM PDT

In a post earlier this week, I featured a recent Pew Research Center report that presented data on the changing distribution of income in the U.S. between 1971 and 2011.  In 1971, Pew calculated that 25% of U.S. adults were in the "lower income" category, but by 2011 the share of "lower income" Americans had increased to 29% (see chart above).  During that period, the percentage of "middle income" Americans decreased from 61% to 51%, leading Pew to conclude that "The … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Bernanke Speech Eyed Ahead Of Holiday Weekend

Posted: 30 Aug 2012 06:40 AM PDT

08/30/12 Federal Reserve Chairman Ben Bernanke will deliver his speech at the annual Jackson Hole Symposium. Consumer sentiment, factory orders and Chicago PMI are scheduled for release on … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Willis: “Hot Air Coming Out Of The Market”

Posted: 30 Aug 2012 05:41 AM PDT

08/30/12 Albert Fried & Company’s Ben Willis talks about today’s decline in US equities, and expectations for Bernanke’s speech at the Jackson Hole … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Economist On The Street: Bernanke And Jackson Hole

Posted: 30 Aug 2012 04:39 AM PDT

08/30/2012 Meridian Equity Partners’ Stephen Guilfoyle dissects US and Euro zone economic data ahead of key central bank event risk. Expectations for the FOMC and ECB, as well as S&P levels are also … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Dollar Slips On Jobs Data

Posted: 30 Aug 2012 03:32 AM PDT

08/30/12 The US dollar was trading lower Thursday morning following the release of a higher-than-expected jobless claims … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Oil Hovers Above $95 After Isaac

Posted: 30 Aug 2012 03:28 AM PDT

08/30/12 Front month crude prices were trading near $95 a barrel Thursday morning as Isaac made its way inland from the Gulf … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

US Stocks Slide, S&P Breaches 1400

Posted: 30 Aug 2012 03:17 AM PDT

08/30/12 US stocks opened in negative territory, ahead of Bernanke’s speech in Jackson Hole, Wyoming. The Dow approached the 13k level, while the S&P 500 broke below … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Global Stocks Dip As German Unemployment Rises, Again

Posted: 30 Aug 2012 02:42 AM PDT

08/30/12 As German unemployment climbed to 2.9 million in August, marking a fifth straight month of rising, global stocks continued the trend of trading lower Thursday … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Aug 30, 2012

Posted: 30 Aug 2012 06:46 AM PDT

     Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news.

Room for more considerate monetary policy in Europe: IMF (Reuters)
Top central banks should consider more stimulus: BOE’s Posen (Reuters)
Fed Beige Book: … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

The Neglected Firm Effect: In Search Of Superior Returns From Unloved Stocks

Posted: 30 Aug 2012 04:00 AM PDT

Conventional wisdom dictates that stocks with little or no coverage from brokers and analysts can be some of the riskiest prospects for investors. Scant knowledge and debate about these misfits means that often they fail to appear on the investment radar at all, let alone represent attractive opportunities. But in the search for stocks with the potential to outperform, could a focus on neglected firms actually deliver superior returns? Some investors think it can… 
A market … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

The “wealthy White People” Come Through

Posted: 30 Aug 2012 12:19 AM PDT

I have no idea what Ben Bernanke will say at Jackson Hole, but I would be shocked if he announced QE3 this year. Nevertheless, I would expect that central bank action will act to send global equity prices on a tear some time in September because of the actions of the ECB, not the Fed.

Watch Mario, not Ben
In the last few days, it seems that Mario Draghi’s European Central Bank has embarked on a concerted effort to sell the idea of bond buying to the European Community and the German public in … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
at

No comments:

Post a Comment