Morning Reading – January 25, 2011

Pragmatic Capitalism: AN EARLY EARNINGS UPDATE

With almost 20% of the S&P 500 having reported earnings it’s useful to take a look at the broad trends thus far. As expected the data looks very good from the early reports…

The Big Picture: Market’s topped out for now

Being market leaders, I believe the stock action in AAPL and GOOG last week, notwithstanding management uncertainty but with great quarterly results, is a sign that the Bernanke driven rally since Aug is done for now with the only question being will a consolidation follow or will there be something more.

FT BeyondBRICs: A chart for the China bears

China’s 7-day repo rate (essentially the cost of accessing cash) saw its biggest-ever single-day spike on Tuesday – jumping a full 242 basis points, hitting 7.65 per cent, its highest since October 2007.

FT Alphaville: Ugly UK GDP figures

Fresh off the wires — a suggestive double-dip GDP figure for the UK…

FT Alphaville: Come one, come all, to the EFSF bond issue

Here’s a clue to the question; what price Europe, or just the EFSF bond?

FT Alphaville: John Paulson’s real 2010 success: Gold

Paulson & Co may well have made more than $1bn from its long position in Citigroup, but the firm’s really big bet — the one that has seen the firm’s assets swell by around $8.4bn over the past 12 months (before, ahem, fees) — has been gold.

This entry was posted on Tuesday, January 25th, 2011 at 7:07 am and is filed under Daily Reading. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.

 

Get Adobe Flash player