Monday, November 25, 2013

Morning Memo: Monday, November 25, 2013

ICYMI.... The latest in our new series called "CHITS": Charts In The Spotlight where we highlight stocks and/or ETFs that are worthy of special focus.  For more detail on our thoughts and positions on the CHITS, please reach out via the 'chat' or 'contact' features on the right side of this blog-site.  We look forward to hearing from you!

"CHITS": Charts In The Spotlight, Sunday, November 24, 2013

"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...
  • Asia...mostly higher with the exception of China which appeared to be taking a break after last week's surge following the plans for reforms that were announced after the Communist Party Plenum.
  • Iran deal...a deal w/Iran and the 6 western powers (aka: P5+1) over Iran's nuclear program was generally greeted well by markets with oil falling in price (under the expectation that this deal will open up more supply or at least not close off more supply), the USD rallying especially vs the YEN, and with equity markets rallying.
  • Nikkei..rallied on the weaker YEN which helps exporters.
  • Thailand...fell over 1% on increased anti-gov't demonstrations, which have caused the stock market to fall close to 5% in the past month.  The tensions reflect a split between urban and rural populations over policies related to taxes and gov't support programs and have been triggered by differing views on a bill that would allow exiled former PM Takshin to return.
  • Europe...generally higher on the Iranian deal.
  • Spain..PPI fell more than expected in October, adding to conjecture that the 'deflation' fears may have contributed to the recent surprise rate cut by the ECB.
  • US...equity markets closed Thursday for Thanksgiving.  Friday early close.
  • more later....
  • Of interest:

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).
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