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"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!!
5:00am 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!!
5:00am ET...
- Typhoon Haiyan struck the Philippines leaving devastation and massive death in its wake. Over 10,000 feared dead in the Philippines with several million people left without power, food and shelter. Our prayers are with the victims of this tragedy!!
- Asia....Last Friday's stronger than expected employment report in the US and the subsequent market rally pushed the dollar up, Yen down, and in turn, helped the Nikkei rally over 1%.
- Japan...trade surplus expanded, beating expectations and showing strength in exports.
- China...lots of data released over the weekend point to renewed economic growth and sets a more positive economic backdrop to the Communist Party Plenum that began on Saturday and will continue until Tuesday. The data included Industrial Production rising 10.3% and inflation ticking up to a still comfortable 3.2%. Retail Sales grew 13.3% and output of electric power rose 8.3%. All data beating expectations.
- Europe...markets open mixed, but relatively quiet.
- Iran...talks with world powers re nuclear program end without agreement! Next date set for later this month to continue talks.
- US...Equity market open. Bond markets closed.
- US...later this week, Janet Yellen will be questioned by the Senate Banking Committee on Thursday at 10am. The markets sights will be laser focused on any hints she gives about tapering, especially on the heels of last weeks employment and GDP data that beat expectations.
- Of interest:
- Related to an investment theme built around China's pollution crisis:
-
- more later...
Graphic of the Day: Energy Price Reform in China - http://t.co/bdAkgmvF3n
— Stratfor (@Stratfor) November 10, 2013
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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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