Sunday, July 05, 2009

Evening Briefing for July 5th

* MARKET THEMES FROM THURSDAY - Weakness on unemployment data leads to a downside breakout in stocks; sectors enter bearish short-term trends; new 20-day lows exceed new highs, with significant downside momentum in the broad market. Rates fall on 10-year Treasury notes; U.S. dollar stronger; commodities weaker.

* OVERSEAS/OVERNIGHT NUMBERS - 3:30 AM CT - UK, Bank of England Narrow Money Supply; 7:15 AM CT - Canada, Monetary Reserves.

* WORTH READING:

-- Thanks to an alert reader for this informative article on options-based predictors of stock market volatility;

-- Excellent review of the past market week;

-- Thorough review of economic reports, market action, and what's to come;

-- Challenges of portfolio construction when asset class correlations skyrocket;

-- Trading, the economy, real estate, and more: market themes and links;
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1 comments:

MACDOW said...

Take a moment to read Prieur du Plessis blog, investment postcards from cape town. I have met him on a number of ocasions and he is a kind, patient and very clever man. His blog covers a wide range of subjects but is very well researched and as he is a friend and also a business partner of John Moulden... You will always learn something new.
Three cheers for Prieur...

My first blog of choice however is still yours Dr Brett, Thank you for all the help and insight you share with us.

Regards
David