by Jeffrey Friedman
Fall tends to be a bearish time for the stock market, and as trading volume picks up after the dog days of summer, many investors are a bit cautious about what may come next. People like to talk about psychological levels, and 10,000 in the Dow Jones Industrial Average is one of them. [...]
What follows is a consolidated schedule for trading on some of the most popular North American futures markets for the Labor Day 2010 holiday.
by Gord Weisemann
Risk is off again in the markets, but the calendar of economic releases, at least out of the U.S. is a little light until the end of the week. The U.S. second-quarter gross domestic product reading comes out on Friday, August 27. I’ve already gone on record saying I expect a noticeable downward [...]
by Tom Power
Gold has been in a bullish trend this year, up about 12 percent year-to-date. I think the price of gold is likely to hit $1,300 in the next six months as there are many reasons investors find owning gold attractive.
1. The U.S. Dollar is Falling
Investors no longer seem worried about inflationary pressures. They [...]
Gord Weisemann
To me the most significant market developments over the past couple weeks have been the continued rise of the bond market combined with a U.S. dollar rally and a crude oil selloff. Even excluding the action in the carry trade (YEN/AUD/CAD), this is a fairly loud and clear sign that investors do not see [...]
A drought in Eastern Europe has caused the price of wheat to rise more than 60 percent since June, hitting a two-year high. Now market participants will await the outlook from the U.S. Department of Agriculture, which will release its world crop report on Thursday, August 12. Analysts expect the USDA to trim [...]
by Bill Dixon
Both the stock market and Treasury market have been rallied in the past few weeks on a somewhat divergent view of the economy, but sooner or later, I think something has to give, and I think it’s likely going to be stocks.
I don’t think the upward trend in stock indexes [...]
by Gord Weisemann
The U.S. July employment report was disappointing to say the least, and also included a negative revision to the previous month’s numbers. The second week of August brings us an FOMC meeting, where there is a growing feeling that Bernanke may have to add more stimulus to the system in order to get [...]
Comments on the July Employment report from Nick Kalivas, Vice President of Financial Research with MF Global Research:
Stocks poke below the 200 day moving average. This is sparking technical selling. The first hold did not seem to work. The market is also dancing around unchanged on the year.
The labor market is unimpressive. Growth continues [...]
by Jeffrey Friedman
The S&P 500 has been in a trading range for the past month, and the price of the September futures contract is currently near the top of the range at about 1,120. Whether or not the market can break out of this range depends largely on confidence—will businesses start hiring, and will consumers [...]
