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The Company We Keep October 18, 2013

By Knowledge Leaders Team in Uncategorized

QuestionWhat are speculators long right now? Answer1) Stocks – from the E-mini S&P500, to the E-mini NASDAQ, to the E-mini Dow, to the E-mini Russell 2000 QuestionWhat are speculators short right now?

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Google beat analyst expectations for 3Q EPS. They reported $10.74 vs expectations $10.34. They also beat revenue expectations by a bit. More importantly to us, technically if Google holds these gains today they will get back on the ”right side” of the upward trendline that has been in place for over 2 years.

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Short Rates Plunge October 17, 2013

By Knowledge Leaders Team in Uncategorized

In reaction to the deal to avert the debt ceiling, short rates have slammed back down.  The one month bill peaked at 35bps on Tuesday and is back down to 1bp today.

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More Positive Data Out of the UK October 17, 2013

By Knowledge Leaders Team in Uncategorized

Today’s better than expected Retail Sales data follows a number of other positive releases:Will the improvements in employment, consumer confidence, house prices, and the Markit manufacturing survey be reflected in next week’s GDP release?Data for Q3 will be updated on Friday, October 25th:

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Will the Boom-Bust Barometer Bounce? October 17, 2013

By Knowledge Leaders Team in Uncategorized

The Boom-Bust Barometer (Commodity Prices/Unemployment Claims) has had a very high correlation with stock prices over the past decade. The rise in unemployment claims has driven it lower. We will wait to see if the end of the government shutdown will bring unemployment claims back down. It was only modestly lower this week (-15k).

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Citi Economic Surpise Index & Counter-Cyclicals October 16, 2013

By Knowledge Leaders Team in Uncategorized

Normally cyclical sectors outperform counter-cyclical sectors when the Citigroup Economic Surprise Index is rising and underperform when it is falling.  The Citi Econ Surprise Index is now down since 9/12/13, having fallen over 25 points.

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