"Morning Memo" begins below this "NOTE for NEWCOMERS" to "Morning Memo"...... Each
morning, we post a short bullet-point list of noteworthy events,
data, etc that find their way into the assessment of global markets.
It's far from complete and is not meant to be an exhaustive
reconciliation of all things that could possibly impact stocks, bonds,
currencies and commodities! Rather, it's best viewed as a cryptic memo
of "highlights", noteworthy items that took place in Asia, European and
US hours.....and color-coded 'Red' for seemingly negative impact on equity markets, 'Green' for positive.
This will also serve as a useful review mechanism, as scrolling through the series of "Morning Memo" posts over time ought to summarily highlight what generally drove price action.
We hope you find this useful and informative....and as always, that you'll share feedback!!
5:30am, ET....
This will also serve as a useful review mechanism, as scrolling through the series of "Morning Memo" posts over time ought to summarily highlight what generally drove price action.
We hope you find this useful and informative....and as always, that you'll share feedback!!
5:30am, ET....
- Asia markets hammered! Why? Syria: namely, likely US military intervention in response to Syria's use of chemical weapons. Not much more needs to be said re why markets are selling off. Among the notable moves, India's Rupee hits new lows (could be worse one-day fall in 20 years, as per Financial Times), Indonesia's stock market drops another 3% after Monday's 4% fall, Nikkei down 1.6%, etc. Emerging Market equity and currencies generally pummeled again! While Syria is the word-de-jour, concerns of 'tapering' still present a key reason for why high current account deficit countries are suffering currently.
- Emerging Market indexes (& ETFs) hitting 7-week lows.
- Oil and Gold continue upward price moves.
- Bonds mixed: US 10yr Tsys @ 2.74% higher yield by 3bps, but Bunds @ 1.84% better by 1bp.
- European equity markets generally lower on the heels of US and Asia selloffs.
- Merkel..says Greece should not have been allowed into the Euro, blaming her predecessor. (Editorial note: of course, this was stated at a political rally ahead of September 22 elections, in a country which has grown weary from bailing out peripheral Eurozone countries).
- JPMorgan...US gov't is reported to be demanding a $6B settlement in their suit against JPM for allegedly mis-selling mortgage backed securities with false claims of meeting proper guidelines.
- more later...
Please continue to visit Soos Global Market Musings for updates.
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(Please note: This article is solely meant to be thought provoking and is not in any way meant to be personal investment advice. Each investor is obligated to opine and decide for themselves as to the appropriateness of anything said in this article to their unique financial profile, risk tolerances and portfolio goals).
Disclaimer: Please read and consider important information related to all communication made by Soos Global on this site by clicking here.
Additional Disclaimer: currently long many stocks/ETFs. Positions may change at any time without notice.
(Please note: This article is solely meant to be thought provoking and is not in any way meant to be personal investment advice. Each investor is obligated to opine and decide for themselves as to the appropriateness of anything said in this article to their unique financial profile, risk tolerances and portfolio goals).
Disclaimer: Please read and consider important information related to all communication made by Soos Global on this site by clicking here.
Additional Disclaimer: currently long many stocks/ETFs. Positions may change at any time without notice.
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