The prevailing universal sentiment is neutral to bearish by advisors and the general investing public. Who can really blame them given the Euro Zone mess, the potential bank contagion collapse effect, and the weak economic trends both here and overseas. However, the work I do is almost entirely behavioral based analysis looking at crowd or herd behavioral patterns.
Bonds Rally Despite Friendly U.S. Economic Reports
U.S. Dollar falls Against All Major Currencies on Stronger Economic Reports
Stocks Trading Lower Ahead of Key U.S. Economic Reports
Overnight stock indices enjoyed a brief rally following stronger than expected German GDP and a report showing a rise in New Zealand retail sales, but the markets could not hold on to their gains as investor focus shifted back to the U.S. economic reports due out later this morning.
U.S. Equity Rally Stalls after J.P. Morgan Reports Good Earnings
U.S. equity futures markets moved higher in pre-market trading after a lackluster overnight trade, bolstered by news that earnings from J.P. Morgan exceeded analyst estimates. The company reported a net profit per share of $1.09, compared with the analysts’ consensus forecast of 67 cents.
Dollar Mixed Overnight; Traders Mull over G-20 Decision; U.S. Economic Reports
Stock fell sharply lower after U.S. economic reports disappointed investors and rumors circulated that the Feds were going to look for criminal activity at Goldman Sachs.
Today’s break was initiated by a weaker than expected U.S. GDP report. Although the report showed that the economy expanded by 3.2%, economists were looking for an expansion of 3.3%.
Equity Markets consolidating Ahead of Economic Reports, Testimony
U.S. equity markets are consolidating at the mid-session ahead of tomorrow’s U.S. inflation and retail sales reports. Besides the reports, traders are anticipating Fed Chairman Bernanke’s testimony. Some traders feel Bernanke will offer more guidance on when the Fed will raise interest rates.
Stocks Likely to React to Slew of Economic Reports
U.S. Stock Traders Remain Cautious Ahead of Economic Reports
Despite a pick-up in demand for higher risk assets and higher Asian equity markets, U.S. stock indices are predicting a flat to lower opening. Traders seem to be taking a cautious approach before the release of this morning’s U.S. GDP, Chicago PMI, consumer confidence and existing home sales reports.