how long the swine flu panic will affect the financial markets
We honestly do not know how long the swine flu panic will affect the financial markets. A lot depends on whether the public health initiatives around the world are effective, or at least seem credible and...
opinion by trifx | 3 years ago 224 views | 0 recommendations | 1 comment
Bloomberg has a story saying the dollar wins whether it’s on the basis of risk aversion/ safe haven or the basis of FIFO (first-in, first-out). We are not so sure it’s that easy. For one thing, there is a component of market sentiment consisting of “confidence.”...
opinion by trifx | 3 years ago 132 views | 0 recommendations | 0 comments
The Empire State Index from the New York Fed summarizes the situation as well as anything - it was less bad in April at -14.65 from -38.23 in March. This is not as bad as the -30 that was forecast, which would have been less bad than March but by less than the actual...
opinion by trifx | 3 years ago | updated 3 years ago 124 views | 3 recommendations | 0 comments
The Dow fell 1.71% and the S&P fell 2.01%, followed by the Nikkei down 1.1% and European bourses down by a smaller amount this morning. The leader was the financial sector, the very thing that had inspired rallyettes earlier. The WSJ names JPMorgan, among others. To be...
opinion by trifx | 3 years ago 214 views | 2 recommendations | 0 comments