MorningWord 5/31/12: May We Remember


MorningWord: 5/31/12: May 2012 started off with the increasingly familiar question asked by many market pundits heading into the guts of the second quarter, "Sell in May and go Away?"   For the last 3 … [Read more...]

What’s the Story? Data


Bloomberg The U.S. economy grew more slowly in the first quarter than previously estimated, reflecting smaller gains in inventories and bigger government cutbacks. Gross domestic product climbed … [Read more...]

Chart of the Day – Summer 2008 Remix

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The past month feels eerily similar to mid-summer 2008.  But it's a bit of a remix.  Back then, I remember quite vividly, many investors acknowledged that the U.S. banking system and housing market … [Read more...]

What’s the Story? Eurotrashed


WSJ European markets pared some losses but remained broadly lower as Spain's banking crisis intensified. The Stoxx Europe 600 index was down 0.6%, but had been down 1.5% earlier in the … [Read more...]

Chart of the Day – Spanish Inquisition

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I generally try to avoid joining the media frenzy around a particular market topic because the media tends to distract me from the "real" story in many cases.  Today I am making an exception.  The … [Read more...]