Hi friends,
It is a very important week ahead. The main event is the US debt ceiling deadline on 2nd August.The moot question is will the deadline be extended on the basis of an actual plan or will the US be declared a defaulter which could see it losing its credit rating. I had been mentioning [...]
Hi Friends,
Unfortunately due to some time constraint I wasn’t able to make an update last week. However not much has changed in terms of price levels mentioned in the last update. The S&P500 is near the zone of 1172 and the Nifty achieved the 6200 mark. In my last update I had tried to point [...]
Better than expected economic data from the US propelled the indices northwards .Durable goods order was higher than expected. New Home Sales for August was also much better than expected on a month to month comparison. However one needs to compare the home sales with the same month of the previous [...]
As expected data from the US as well as other parts of the world continued to disappoint. The US New Home Sales continued to disappoint at 276000 against an analyst estimated of 330000(Source: www.dailyfx.com). As mentioned in my earlier write ups the root cause is the rate of [...]
As expected key economic data coming from the US was disappointing. The main concern for US remains unemployment and the increase in jobless claims further casts doubts over the recovery of the US economy. In the week ending Aug. 14, the advance figure for seasonally adjusted initial claims was 500,000, an [...]
Hi friends,
Wishing all my Indian readers a Very Happy Independence Day!!!! It’s been 64 years since India became a free country and inspite of all the difficulties the country has faced it is still looking ahead towards prosperity. It is my sincere wish that one and all in India benefits from the growth story and [...]
Hi friends,
The week started with the Homebuilder confidence declining for a second consecutive month in July to its lowest level since April 2009.The National Association of Home Builders/Wells Fargo Housing Market Index has fallen from a peak of 22 in May to 15 in July. One reason could be Home buyer’s tax credit expiration may [...]
Hi friends,
The Dow and S&P saw a sell off on the last trading session of the week. A few of the larger corporates like GE, Citigroup and Bank of America reported earning which disappointed the streets. While most Asian markets remained flat to negative during the week. However the Indian market continued to defy gravity [...]
Hi friends,
Stocks accelerated their sell-off today after Bank of America, Citigroup and GE reported disappointing revenues and consumers turned more pessimistic about the economy. The sell off has been across the board and at the beginning of the week i had mentioned that there was a high probabilty that the S&P would start its downward journey [...]
Hi Friends,
Global Markets pulled back with the Dow posting the best gains during the week and closing a t 10198. I had mentioned in my earlier write up that while the short term trend is down one should be cautiously pessimistic as there is a lot of liquidity on the sidelines and pullbacks can be [...]
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