Trade Deficit
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4/12/11 Midnight Report: Macro News Blows, But Will it Swallow the Market’s Momentum?
The market traded down today as earnings season began not with a bang, or a whimper, but with a Kirstie Alley-esque thud as AA missed revenue guesses (and the 6% drop in the stock likely caused some AA investors to fall off the wagon), Japan’s market fell again as the severity of the nuclear disaster…
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2/11/10 Two Day After Report: Is That a Pyramid in Your Portfolio or Are You Just Happy to See a United Egypt?
The market rallied on Friday as Hosni Mubarak abdicated his manipulatedly elected throne, walked out of the country like, well, like an Egyptian (yeah Money McBags fucking went there, shit, not every joke can end with a Harry Baals reference), and turned the keys to his Cairo over to the military (and nothing like a…
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1/13/11 Midnight Report: Once Again, New Claims for Unemployment Claim the Economy Still Sucks
The market limped in to the close today as the dip buyers were somehow distracted by the jump in new claims for unemployment which were so far from analyst guesses that they were perhaps a Nassim Taleb-ian black swan (as opposed to a Natalie Portman-to-lesbian Black Swan), the continued rise of commodity prices (as companies…
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11/10/10 Midnight Report: Will Obama be Seoul Man Defending Fed at G20
Marginal macro news, the upcoming G20 meetings, rising commodity margins, and enough uncertainty to make even Heisenberg jealous had the market once again bobbing up and down like Shyla Stylez trying to make her rent. We remain at a confusing time with economic data saying the market should go down (that economic data being a U6 unemployment…
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9/9/10 Midevening Report: Government massages new claims for unemployment data and gives the market a happy ending
The market was up again today as it continues to rejoice that there are only “widespread signs of deceleration” and not whatever is worse than widespread, like “doublewidespread” or “assawful.” The big macro news was that new claims for unemployment were out and they demolished analyst guesses of 470k by coming in at a petite…
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8/11/10 Midevening Report: Market goes down furiously, swallows long positions
Timberrrrrrrrrrrrrrrrrrrrrrrrrr. The market went down today faster than the Hummer Mom chaperoning a Boy Scout overnight. Given the months of bad macro data and the Fed warning about slower growth yesterday, the drop is about as surprising as learning that menstrual cramps may alter women’s brains (and for their next study, National Yang-Ming University will…
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6/10/10 Midevening Report: Market rallies in anticipation of tomorrow’s sell off
Readers, Money McBags apologizes for his absence yesterday, unfortunately he has a life outside of the great When Genius Prevailed and that life required him to spend all day watching Anna Paquin scenes now that she is oh so comfortable with her bisexuality, so you can’t really fault him for that. Anyway, today the market…
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4/13/10 Midafternoon Report: Alcoa opens earnings season not with a bang but a whimper
The market sold off at the open today but is climbing back like a Phoenix from the ashes or Paul Volcker’s economic reputation. Alcoa’s earnings initially brought the market down as they were a bit disappointing and Alcoa is considered to be the first bellweather company to report in this critical earnings season where baked…