from Morning Bid with David Gaffen:

Moving averages, moving targets

March 26, 2015

It's starting to get difficult to keep track of the reasons for big selloffs, especially when the bond market and stock market engage in an all-out barf-fest simultaneously. The markets remain in a vacuum. Major earnings don't start for a few more weeks, and the key employment data isn't out for another week as well. That has left a bit of a void, which investors are filling with concerns about the dollar (if it's strengthening, it hurts earnings; if it's weakening, it's because of worries about the economy) and worries about the economy.

from Morning Bid with David Gaffen:

Moderation in Atlanta

March 20, 2015

The Federal Reserve certainly confused investors on Wednesday. What with the "patience" brouhaha and the dot matrix of where the Fed expects rates to go, which takes into account the labor market, it will be a welcome relief to see a few Fed speakers come out and hopefully clarify what the central bank is thinking right now.

from Morning Bid with David Gaffen:

Better Fed than dead

March 18, 2015

Headed into the Federal Reserve decision this afternoon, there’s been a decided shift in positioning in the fixed-income markets and conviction in terms of investor positioning.

from Morning Bid with David Gaffen:

Ups and downs

March 17, 2015

Monday’s activity in equities was likely the last major bit of volatility that investors will see before the conclusion of the Federal Reserve’s two-day meeting on Wednesday, so we’re entering into a bit of a quieter period for the next day-plus.

from Morning Bid with David Gaffen:

Doubling down

March 13, 2015

By this time, it's safe to say the market is starting to gear up for the Federal Reserve's meeting on Tuesday and Wednesday next week. It is expecting the Fed to remove the word "patient" from its statement, which will indicate a plan to raise rates by the beginning of the summer.

from Morning Bid with David Gaffen:

Outpost in Ukraine

March 11, 2015

The International Monetary Fund will decide later today whether to approve a big package of bailouts for Ukraine - provided the country, struggling with a weak economy, a sharp decline in oil prices and a conflict with Russia, can figure out a way to get about $15 billion from its creditors. Ukraine would have to keep its debt-to-GDP low enough so that the IMF doesn't feel like it's sticking its neck out too far.

from MacroScope:

Impatient euro zone tells Greece to get on with it

By Mike Peacock
March 10, 2015

Greek Finance Minister Varoufakis walks past  Eurogroup Chairman Dijsselbloem at a euro zone Finance Ministers meeting in Brussels

The head of euro zone finance ministers urged Greece on Monday to "stop wasting time" and buckle down to serious talks on implementing a reform programme to secure urgently needed funds from its international creditors.

from Breakingviews:

Actavis sale dresses up barely investment grade

March 4, 2015

By Robert Cyran

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Morning Bid with David Gaffen:

Lower, no longer

February 23, 2015

This week brings a lot for investors to chew on, including several retailer earnings that should illuminate the path of consumer spending - and from companies that of late have been doing well, including Home Depot and Lowe's, as well as Target, Gap Stores, Kohl's and Dollar Tree. This group will close out the earnings season as they're the laggards in the S&P 500.

from Morning Bid with David Gaffen:

Internationally speaking

February 18, 2015

The release of the Federal Reserve's minutes from its January meeting headlines the day's economic events, and one where we might see some clarity from the cryptic "international developments" line that was inserted in the most recent Fed statement.