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The Wall Street Greek blog is the sexy & syndicated financial securities markets publication of former Senior Equity Analyst Markos N. Kaminis. Our stock market blog reaches reputable publishers & private networks and serves as an unbiased, independent Wall Street research resource on the economy, stocks, gold & currency, energy & oil and real estate. Wall Street & Greece should as honest, dependable, passionate & good looking as The Greek.



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Thursday, July 30, 2015

Stock Market Misread - Why Q2 GDP Actually Beat Forecasts

In its first reporting, second quarter GDP was reported up 2.3% this morning. Stock futures were edging lower into the release and stocks accelerated their pessimism after the news. Take heed though: While the data was lower than economists’ consensus expectations at surface inspection, there was a significant upward adjustment to the first quarter data that when taken into account would make this data more than acceptable. If stocks were to accurately reflect the message of this data, then they would be rising today. Thus, as the data is better understood, stocks should benefit, and I fully anticipate a market closing in the green today or recovering tomorrow. However, there is a caveat, which is that China economic growth deceleration (with a watchful eye on Europe as well) and energy sector troubles do not infect the U.S. economy significantly in the months ahead; and that the Fed will not err in its decision making. If you believe that is the case and you are a long-term investor willing to bear likely near-term volatility, then you own stocks but with powder dry on the side to invest on any significant decline between now and the end of the year (it is well overdue and will probably come). See the full stock market report here.

Sector Security
Midday
YTD
TTM
SPDR S&P 500 (NYSE: SPY)
-0.1%
+3.5%
+9.1%
SPDR Dow Jones (NYSE: DIA)
-0.1%
+0.8%
+7.3%
PowerShares QQQ (Nasdaq: QQQ)
+0.2%
+8.9%
+16.3%
iShares Russell 2000 (NYSE: IWM)
+0.3%
+3.3%
+8.6%
Energy Select Sector SPDR (NYSE: XLE)
-0.6%
-9.0%
-25.9%
Financial Select Sector SPDR (NYSE: XLF)
-0.0%
+3.1%
+12.5%
Technology Select Sector SPDR (NYSE: XLK)
-0.06%
+4.2%
+9.2%
Health Care Select Sector SPDR (NYSE: XLV)
-0.4%
+11.8%
+24.3%
Consumer Discretionary Select Sector SPDR (NYSE: XLY)
+0.1%
+12.0%
+20.4%
Consumer Staples Select Sector SPDR (NYSE: XLP)
-0.3%
+5.5%
+17.8%
Materials Select Sector SPDR (NYSE: XLB)
+0.4%
-5.0%
-5.8%
Utilities Select Sector SPDR (NYSE: XLU)
+0.9%
-7.3%
+6.8%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

Phillies

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Wednesday, July 29, 2015

Gold - The Critical Pivot Point this Week

Gold investors have witnessed an important destruction of capital over recent weeks. Gold now hovers around key support, but remains at risk given the persistence of underlying drivers and a new panic. It is highly concerning to me, and reminiscent of times when beta goes to 1.0 and investors go to cash or treasuries. I’m talking about financial security market selloffs that tend to take everything down. Gold would draw capital in such a scenario, but not before being sold off indiscriminately along with everything else for various reasons. This week presents some key potential catalysts that you’ll want to watch for. The environment is offering warning signals today, though the situation could also be defused depending on the data. See the full article on gold here. Report interests SPDR Gold Trust (NYSE: GLD), SPDR S&P 500 (NYSE: SPY), iShares 20+ Year Treasury Bond ETF (NYSE: TLT), iShares Silver Trust (NYSE: SLV), iShares Gold Trust (NYSE: IAU), Market Vectors Gold Miners (NYSE: GDX), Direxion Daily Gold Bull 3X (NYSE: NUGT), Direxion Daily Gold Bear 3X (NYSE: DUST). 

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Tuesday, July 28, 2015

A Sexy Turnaround for Tuesday

After a tumultuous end to last week and start to this week, we might be about to turn around. We’ll examine the catalysts in play Tuesday and this week that could help stocks to get sexy again. My expectation is that stocks are more likely to stabilize than to rise more robustly until two key catalysts are realized on Wednesday and Thursday this week. These catalysts could determine the trend of trading for much of August in fact and perhaps even for the remainder of the year. See more on this sexy topic here.

Foreign Market Security Indicators
Early AM Quotes
iShares China  Large-Cap (NYES: FXI)
+1.0%
iShares MSCI Japan (NYSE: EWJ)
+0.1%
iShares MSCI South Korea (NYSE: EWY)
NA
iShares MSCI All Country Asia Ex-Japan (Nasdaq: AAXJ)
+0.1%
Vanguard FTSE Europe (NYSE: VGK)
+0.01%
iShares MSCI Germany (NYSE: EWG)
+0.4%
iShares MSCI France (NYSE: EWQ)
-0.03%

U.S. Sector Securities
Early Indication
SPDR S&P 500 (NYSE: SPY)
+0.8%
SPDR Dow Jones (NYSE: DIA)
+0.7%
PowerShares QQQ (Nasdaq: QQQ)
+0.7%
iShares Russell 2000 (NYSE: IWM)
+0.1%
Vanguard Total Stock Market (NYSE: VTI)
-0.3%
iPath S&P 500 VIX (NYSE: VXX)
-4.0%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Monday, July 27, 2015

Why I'm Really Worried About Stocks this Week

Last week’s volatility could continue this week considering we have a Fed meeting and a fresh GDP report to digest. The earnings tide may shift, though, as the general earnings flow has actually been positive despite the newsy disappointment at high-profile reporters last week. Of all the troubling international trade winds, China worries me most, given its impact on commodity markets and the disruption it presents to other financial markets due to capital flow repercussions. Yeah, it’s looking sketchy for stocks this week, and it seems the possibility of a market correction is intensified for the rest of this year as well. Much hangs on that GDP report Thursday, but it may have to be perfect for stocks to find footing. Article also interests Facebook (Nasdaq: FB). See my full report here.

Market Sector Security
Last Week
SPDR S&P 500 (NYSE: SPY)
-2.1%
SPDR Dow Jones (NYSE: DIA)
-2.8%
PowerShares QQQ (Nasdaq: QQQ)
-2.2%
iShares Russell 2000 (NYSE: IWM)
-3.3%
Vanguard Total Stock Market (NYSE: VTI)
-2.2%
iPath S&P 500 VIX (NYSE: VXX)
+2.7%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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Don’t Let Apple, Microsoft & IBM Fool Ya

I know what you’re thinking. We finally got Greece out of our hair and China concerns somewhat quelled, and now we have these unexpected issues. To everyone’s surprise, high profile earnings disappointments are now driving us into the ditch. It started with IBM’s (NYSE: IBM) big miss, but Apple (Nasdaq: AAPL) and Microsoft (Nasdaq: MSFT) clearly took the impact to the next level. However, don’t be fooled by the high profile misses, because most of the companies in the S&P 500 Index are actually beating their numbers. Eventually, that will be the story that the market picks up on and stocks stand to benefit, through earnings season anyway. See my full report here.

Stock Sector
Last 2 Days
YTD
SPDR S&P 500 (NYSE: SPY)
-0.6%
+3.8%
SPDR Dow Jones (NYSE: DIA)
-1.3%
+1.4%
PowerShares QQQ (Nasdaq: QQQ)
-1.2%
+9.9%
iShares Russell 2000 (NYSE: IWM)
-0.1%
+5.8%
Vanguard Total Stock Market (NYSE: VTI)
-0.6%
+4.1%
iPath S&P 500 VIX (NYSE: VXX)
-1.4%
-48%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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