Global Economic Intersection
Advertisement
  • Home
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
  • Home
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
Global Economic Intersection
No Result
View All Result

Market Commentary: Markets In Safe Mode Waiting For Debt News

admin by admin
October 15, 2013
in Uncategorized
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Written by Gary

Midday Market Commentary For 10-15-2013

By noon the markets in general reached new historic highs (small caps) or daily highs. Not being able to punch through the upper resistance, the averages retracted a bit dropping back into the red and are presently sliding sideways on low volume.

Charts and other technical crystal ball forecasting is useless until the US law makers get rid of investors biggest fear of US default. Investors are sitting back with trigger fingers on the buy/sell button.

Not exactly a fan of CNBC, but agree that as long as we have the ‘Taper’, the market will continue to melt upwards, baring any unforeseeable, unforeseen ‘black swans’ as Rumsfeld would say.

Tepper: “Fed Won’t Taper For A Long Time”, “Generally Speaking Market Will Go Up”

Back on May 14, when the S&P was at 1651 or 50 points lower, and when David Tepper made his first book-talking, semi-annual CNBC appearance in which he “blessed the market and awaited the manufacturing renaissance“, he made two points about the taper.

. . . it’s bullish no matter what, namely its removal would mean the economy is improving (we now know it isn’t thanks to the Fed and Q4 GDP estimates which are rapidly sliding to 2% or lower), while a taper staying put would mean the Fed would continue pumping stocks higher artificially indefinitely.

Today, he did a repeat appearance, in which in addition to the usual market pumping rhetoric, everyone was most interested in how he would spin the recent stunner by the Fed which effectively made the taper a 2014 event.

His take: “The Fed won’t taper for a long time… So that’s definitely sort of going to be a push-up to markets.“

Couldn’t have said it better: but to paraphrase – Taper is bullish no matter what; No Taper is bullish-er.

The DOW at 12:00 is at 152549 down 41 or -0.28%.

The SP500 is at 1707 down 3 or -0.20%.

SPY is at 170.59 down 0.37 or -0.22%.

The $RUT is at 1084 down 7 or -0.61%.

NASDAQ is at 3809 down 6 or -0.16%.

NASDAQ 100 is at 3259 up 4 or 0.11%.

The longer trend is up, the past months trend is mixed, the past 5 sessions have been positive and the current bias is positive.

How Oil Really Gets Priced

WTI oil is trading between 102.45 and 101.25 today. The session bias is sideways and is currently trading down at 101.87.

Brent Crude is trading between 110.48 and 708.87 today. The session bias is sideways and is currently trading down at 109.73.

Gold rose from 1251.17 earlier to 1277.37 and is currently trading down at 1271.10.

Here’s why copper has lost its indicator role

Dr. Copper is at 3.297 rising from 3.281 earlier.

The US dollar is trading between 80.33 and 80.79 and is currently trading up at 80.69, the bias is currently sideways.

To contact me with questions, comments or constructive criticism is always encouraged and appreciated:

[email protected]

 

Written by Gary

 

Previous Post

Market Commentary: Markets Open Down Remain Mixed By 10 AM

Next Post

Market Commentary: Averages Fail To Keep Highs For The Day And Sinks Lower

Related Posts

Zero-Day Spells Doom For Bitcoin ATMs
Economics

Zero-Day Spells Doom For Bitcoin ATMs

by John Wanguba
March 26, 2023
Exiled Chinese Billionaire Guo Wengui Arrested By US Authorities Linked With $1B Fraud Scheme Allegations
Econ Intersect News

Exiled Chinese Billionaire Guo Wengui Arrested By US Authorities Linked With $1B Fraud Scheme Allegations

by John Wanguba
March 26, 2023
Shibarium To Use 70% Of Each Base Transaction Fee To Burn Shiba Inu
Economics

Shibarium To Use 70% Of Each Base Transaction Fee To Burn Shiba Inu

by John Wanguba
March 25, 2023
Is Cardano A Good Investment In 2023?
Econ Intersect News

Is Cardano A Good Investment In 2023?

by John Wanguba
March 25, 2023
Canada's Banking Regulator Reiterates Creditor Hierarchy After Credit Suisse Deal Riled Bondholders
Business

Canada’s Banking Regulator Reiterates Creditor Hierarchy After Credit Suisse Deal Riled Bondholders

by John Wanguba
March 25, 2023
Next Post

Market Commentary: Averages Fail To Keep Highs For The Day And Sinks Lower

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin adoption Bitcoin market Bitcoin mining blockchain BTC business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe FTX inflation investment market analysis Metaverse mining NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • August 2010
  • August 2009

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized
Global Economic Intersection

After nearly 11 years of 24/7/365 operation, Global Economic Intersection co-founders Steven Hansen and John Lounsbury are retiring. The new owner, a global media company in London, is in the process of completing the set-up of Global Economic Intersection files in their system and publishing platform. The official website ownership transfer took place on 24 August.

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Recent Posts

  • Zero-Day Spells Doom For Bitcoin ATMs
  • Exiled Chinese Billionaire Guo Wengui Arrested By US Authorities Linked With $1B Fraud Scheme Allegations
  • Shibarium To Use 70% Of Each Base Transaction Fee To Burn Shiba Inu

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

No Result
View All Result
  • Home
  • Contact Us
  • Bitcoin Robot
    • Bitcoin Profit
    • Bitcoin Code
    • Quantum AI
    • eKrona Cryptocurrency
    • Bitcoin Up
    • Bitcoin Prime
    • Yuan Pay Group
    • Immediate Profit
    • BitIQ
    • Bitcoin Loophole
    • Crypto Boom
    • Bitcoin Era
    • Bitcoin Treasure
    • Bitcoin Lucro
    • Bitcoin System
    • Oil Profit
    • The News Spy
    • British Bitcoin Profit
    • Bitcoin Trader
  • Bitcoin Reddit

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

en English
ar Arabicbg Bulgarianda Danishnl Dutchen Englishfi Finnishfr Frenchde Germanel Greekit Italianja Japaneselv Latvianno Norwegianpl Polishpt Portuguesero Romanianes Spanishsv Swedish