February 1st, 2010 by Belisarius
The index was reported at 57.4, up from 56.1 in the previous month. Hongbin Qu, Chief Economist for China at HSBC said: Industrial activity continues to accelerate, implying stronger GDP growth in 1Q. But rising input and output prices also point to greater inflationary pressure, which will likely prompt more tightening measures in the coming […]
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February 1st, 2010 by Belisarius
Equities We have seen a meaningful correction in equities in recent couple of weeks, we have a market that fails to react to presumably good news, we have low levels of cash in equity mutual funds and still high number of bulls; high beta stocks suffered massively; For me this is a setup for reversal, […]
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February 1st, 2010 by Belisarius
Important U.S. earnings this week: Monday: Anadarko Petroleum (APC), Sysco (SYY), Kraft Foods (KFT), Exxon Mobil (XOM) Tuesday: AFLAC (AFL), United Parcel Service (UPS), Entergy (ETR), News Corp (NWS-A), Archer Daniels Midland (ADM), Marathon Oil Corporation (MRO), Automatic Data Processing (ADP), Dow Chemical Company (DOW), Emerson Electric (EMR), MetLife (MET) Wednesday: Comcast (CMCSA), Yum! Brands […]
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