David Fry | TalkMarkets | Page 3
Founder & Publisher of ETF Digest and author of the new series, "The Best ETFs"
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Dave Fry is founder and publisher of ETF Digest and best selling author of Create Your Own ETF Hedge Fund, A DIY Strategy for Private Wealth Management published by Wiley Finance in 2008. His new eBook, The Best ETFs: U.S. Equities, A Companion Guide to Building Your ETF Portfolio was released on ...more

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And Here, It Is Only Wednesday...
Two days as market features mirror trading day images of each other. This only serves to confuse investors, and me too! Wednesday featured similar action as higher volume on selling marks distribution while the other features poor participation.
Is Tape The True Thing?
It is for Turnaround Tuesday and that’s about all you need say. What was the reason for the rally Tuesday? The reason for that was fires in Canada and temporary weaker production in Nigeria.
Cinco De Mayo Fun & Games
Markets were higher early but as the day wore on sellers appeared taking the market to red until a late “stick save” pushed the DOW green for the win. After all the media loves to cheer the DOW since this is what Main Street watches most.
Return Of The Sell In May & Go Away Refrain
Declining global economic data and earnings have left stocks overprice when measured by sky high Pes and so forth. Yet cheap central bank money has supported bulls as has unproductive massive stock buybacks.
Is Bad News Suddenly Bad?
GDP data today showed the economy continues on a downward path. In fact, if you strung the last few GDP reports you’d be correct to think the economy is rolling over.
Investors Are Too Fed-Dependent
Markets were able to rally led by ongoing rally in crude oil despite conflicting data as Tuesday inventory build was wiped out by Wednesday’s inventory draw. The dollar weakened once again allowing other commodities to rally.
A Quiet Day But News Awaits
The markets remained subdued most of the day with only crude oil, emerging markets, commodities (all stronger) and the dollar (weaker) commanding attention.
Central Bank Experiments From The Lab
The ECB is weighing on buying more European corporate bonds which is a new experiment for them. They’re doing this since there isn’t enough government debt to meet their needs. This marks a new twist on QE.
Oil Algos Seize On Rumors
Wednesday featured market moving rumors passing as news. The day started with little news until a story regarding Iraq calling for another OPEC meeting in May.
To Non-GAAP Or GAAP Is The Question
GAAP (Generally Accepted Accounting Principles) have been tossed aside as investors lately opt for non-GAAP, which always appear better. The other day Pepsi and Morgan Stanley reported a large difference between the two different measures.
Investors Remain Hypnotized
Institutional investors and even hedge funds aren’t buying this market strength yet. Only corporate stock buybacks are boosting stock prices. In order for companies to grow, they have to start investing in cap-ex but this isn’t happening.
Markets Higher With Bank Earnings
As earnings season begins once again, JP Morgan’s earnings report allowed markets, and banks overall, to launch a rally boosting indexes.
Market Explodes Higher On Questionable Oil News
Turnaround Tuesday started ordinarily enough until news appeared from unconfirmed news sources that Russia and Saudi Arabia had agreed to price freeze in oil production as "the news".
Oil, Oil, Toil And Trouble
Sure, today the rig count dropped to near record lows. This should raise prices once again, but once again it’s the boy who cried wolf.
Markets Are Now On The Edge
There is the coming of weak earnings for the coming quarter. Of course experiences from these events are bolstered by, you guessed it, earnings beating analyst’s expectations.
Market Squeeze With Stick Save
The featured player today was an outsized rally in crude oil as inventories showed an over 4% decline in inventories. But there were other surprises.
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