Market Focus: Aug 24

On August 31, 2011, in Market Perspective, by admin

The question of whether the U.S. falls back into recession is critical for equity positioning. We have an overdue bounce-back in anticipation of Helicopter Ben Bernanke’s Jackson Hole Speech on Friday. Expect the value of risk assets to rise if we have a repeat of Bernanke’s promise of QE-2. Otherwise, disappointment could lead to further [...]

Market Focus: Aug 16

On August 16, 2011, in Market Perspective, by admin

Thursday’s rally proved to be the beginning of a major short term bounce as I suspected in last Thursday’s e-mail. But more important is whether this bounce preceding tomorrow’s Merkel-Sarkosy Paris summit will produce agreement with sufficient power to stop the destructive feedback loop that has gained power from Greece & Ireland to Portugal, Spain, [...]

Market Focus: Aug 11

On August 12, 2011, in Market Perspective, by admin

Our main focus is on the US multinationals which should bounce here after an almost perfect technically 61.8% retracement in the S&Ps gains. We began bargain hunting, buying back other names. Concerted worldwide stimulus suggests that everything should bounce here. Also lock in some nice yields with MLPs. Tuesday’s Franco-German summit should keep the bears [...]