EOT Update
EOT Position Update – June 15, 2011
June 15, 2011 Market Snapshot It’s getting ugly out there… The S&P 500 is already down six weeks in a row. And with today’s massive selloff, we’re likely to see that streak extend to seven weeks. Clearly, stocks are facing serious headwinds right now. There is Greece’s debt crisis… The US national debt ceiling controversy… […]
EOT Position Update – June 8, 2011
June 8, 2011 Market Snapshot The Dow, S&P 500, and NASDAQ hit their bull market highs on May 2nd. Since then, they’ve been trending steadily downward. But that’s nothing compared to June. So far this month, the S&P 500 has logged six consecutive down trading days. The large cap index is now down more than […]
EOT Position Update – June 1, 2011
June 1, 2011 Market Snapshot Weaker than expected economic data sucker punched the markets today. Both the ISM index and the ADP employment report surprised investors by missing analyst estimates. Investors took this as a sign economic growth is slowing. But it’s no surprise to us. As I pointed out in last week’s market update, […]
EOT Position Update – May 25, 2011
May 25, 2011 Market Snapshot Choppy trading continues to dominate the markets. Stocks are up one day and down the next. And for that matter, so are currencies, commodities, and bonds… This type of action is typical of an uncertain market. Right now, neither the bears nor the bulls have much conviction. As a result, […]
EOT Position Update – May 18, 2011
May 18, 2011 Market Snapshot Right now you can sum up the markets in one word… Uncertainty! The markets are gripped by it. And I don’t see it going away anytime soon. To show you what I mean, look no further than the market’s leading stocks. They’re all from defensive sectors like healthcare, consumer staples, and […]
EOT Position Update – May 11, 2011
May 11, 2011 Market Snapshot Over the last few weeks, we’ve seen signs the ‘risk on’ bull market is nearing an end. Or at least preparing to take a breather. Ever since the Fed began QE2 last year, risky assets like stocks and commodities have gone straight up. Now the tide is turning. And it’s […]
EOT Position Update – May 4, 2011
May 4, 2011 Market Snapshot Slowing economic growth and inflation risk are on the rise… sounds to me like a recipe for a market correction. Let me explain… Right now, we’re seeing negative readings in key economic indicators like jobs, oil inventories, and the ISM Non-Manufacturing index. The data show business activity is running a bit […]
EOT Position Update – April 27, 2011
April 27, 2011 Market Snapshot Federal Reserve Chairman Ben Bernanke took the stage today. The Fed chief hosted a press conference following the FOMC meeting. It was a historic moment of sorts… It was the first time any Fed Chairman has held a press conference. And judging by the market’s reaction, investors like what he […]
EOT Position Update – April 20, 2011
April 20, 2011 Market Snapshot The markets started out the week on a down note… The stock market plunged Monday morning when S&P downgraded their outlook on US government debt from stable to negative. It was a shot across the bow indicating the US could lose their AAA rating in the future. Thank goodness nobody […]
EOT Position Update – April 13, 2011
April 13, 2011 Market Snapshot It’s all about oil and consumer spending… Oil prices continue to move higher. And investors fear the worst. Will high prices at the gas pump derail consumer spending and the economic recovery? According to today’s US retail sales figures, the core retail sales (ex autos and gas) were better than […]
