Monday, December 23, 2013

Morning Memo: Monday, December 23, 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...equity markets generally higher, with Japan seeing a slightly stronger Yen, and China able to recover from early equity market weakness triggered by continuing upward pressure on short term money market rates.  China's s-t rates climbed to over 9% before settling back to 5%.
  • Thailand...a clear downside outlier, as equity markets reacted to continued anti-government protests that have been going on for several weeks.
  • close at 2.5yr high as strong US GDP data raises hopes for Taiwan's tech export sector.
  • Europe..opens higher.
  • South Sudan....Americans evacuated as civil war fighting intensifies.  Oil supply disruptions is a global risk, adding to other oil-supply risks in Nigeria and Libya.
  • 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).
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Additional Disclaimer: currently long many stocks/ETFs, incl AEO.  Positions may change at any time without notice.

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