Here’s my take on the markets today, May 24th, 2013. If you’d like to read more of my articles, click here. Credit gauges are mostly deteriorating today. The Libor-OIS Spread is gaining +4.8% to 16.52 bps(+8.3% in 5 days). The TED Spread is up +2.2% to 23.72 bps. The 2Y Swap Spread is up +6.3% [...]
What will ignite tech next?
May 24, 2013 By Leave a Comment
I had more questions from Markewatch.com readers this week than ever before. If you’ve got a question about investing, trading, markets, economics, politics or anything else I can help you with, email me at support@tradingwithcody.com. Here are this week’s questions about specific tech stocks and my best attempt at answering them. Q. Cody, are there [...]
A Rare 3rd Down Day For Stocks?
May 24, 2013 By Leave a Comment
The market is currently lower for a 3rd day in a row. Normally that wouldn’t be very surprising, but this year has been anything but normal. Over the last 5 months of trading, there has only been one 3-day losing streak in the S&P 500. Today could be the second occurrence, although its still early [...]
Weekly Sector Update – IAI ($)
May 23, 2013 By 1 Comment
Today’s ETF is IAI, iShares U.S. Broker Dealers ETF. Felix has ranked this number three this week. We are putting it in the spotlight since we covered the top two sectors in our last two weekly posts. Last week’s GEX, is still number one and the previous week’s ITB is number two! Investor Take IAI [...]
Mr. Willard goes to Washington
May 23, 2013 By Leave a Comment
I spent the last week in Washington, touristing, taking meetings, and talking to everybody rich or poor, powerful or powerless that I met. I discussed geopolitics, bailouts and economics with immigrants from Ethiopia, Sierra Leone, Mexico and Italy. I ran into former head of the FDIC, Sheila Bair, whom I’ve interviewed on TV several times, [...]
Japanese Investors Hit The Panic Button
May 23, 2013 By 1 Comment
Markets are lower this morning on some panic selling overseas which weighed on stocks here in the US for a second day. This overshadowed some positive economic data with jobless claims lower than expected and new homes sales for April coming in well above expectations. Last night Japan saw a huge 7.3% plunge in the [...]
My Gut Feeling for Today, May 23, 2013 ($$)
May 23, 2013 By Leave a Comment
What began like a strong session ended up in disappointment for the bulls. In what started as a celebration of Chairman Bernanke’s testimony ended in shock and disbelief. Why the equity market is shocked that ending or tapering off of quantitative debt purchases by the Federal Reserve is not inevitable is really beyond me. What [...]
Market Cheers Bernanke Testimony
May 22, 2013 By Leave a Comment
Many investors were concerned about today’s testimony before Congress by Fed Chairman Bernanke. Most figured his comments about how soon the Fed would end its quantitative easing program would unnerve the market and stocks could be vulnerable to a selloff. But in this market, any news is good news. Bernanke reiterated that the decision to [...]
My Gut Feeling for Today, May 22, 2013 ($$)
May 22, 2013 By Leave a Comment
The equity market’s gradual ascent continues. The JP Morgan (JPM) annual meeting resulted in maintaining Jamie Dimon in the positions of CEO and President. Apple’s (AAPL) Tim Cook got grilled by US Senators but all that we heard was what we already knew – if the US reduced its rates then Apple would repatriate cash. [...]
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