Monthly Archives: June 2012

Samaras Wins Greek Election

As we expected the Greeks rejected the Armageddon they so feared.  Now for the hard part.   Structural problems remain. Markets like it and many caught offside.    Is that a inverted head and shoulder pattern in the S&P500? (click here if … Continue reading

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Week in Review

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Statfor: George Friedman on Europe’s New Reality

We are realizing the interests of Greece, the interest of Spain, the interest of Germany are not quite aligned… Can Europe escape its own history? (click here if video is not observable)

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Global Trend Indicators

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Central banks brace for stormy weekend

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Weekly Eurozone Watch

Key Data Points German 10-year Bund yield 11 bps higher; Spain 55 wider; Portugal 65 bps tighter; Greece 191 bps; Italian banks down 3-5 percent; Other Eurozone large banks flat to up 3 percent; Euro FX up 1.10 percent; Comment … Continue reading

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Greek Logic

Here’s a political and economic paradox.:   If the Greeks are pulling their money out of banks en masse, buying durables, and hording food to prepare for Armageddon,  will they actually vote for the Armageddon they are so panicked about? We … Continue reading

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U.S. Economic Data Releases – June 14

Econoday reports, CPI –  Down 0.3% on Energy,  Core Remains Elevated CPI inflation in May turned negative on continued significantly lower energy costs. Meanwhile, the core rate held steady and moderately warm. The consumer price index fell 0.3 percent in … Continue reading

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S&P500/VIX Divergence

Interesting pattern has developed over the past few days.  The S&P500 spikes higher and yet the VIX remains elevated.   The S&P then rolls over later in the day. Could be the triple witch, but we’ll play it as non-confirmation … Continue reading

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Greek Withdrawl – 800 M euros per day

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