MARKET ANALYSIS:
ECON DATA:
Not much on the docket today and there are no market moving scheduled speakers today.
TODAY'S TALKING POINTS:
HEADLINES:
Summary: Headline news gives a bleak Macro picture of Eurozone and China but it will likely not impact intraday trading unless headlines get passed around on an otherwise quiet trading day.
Looks like ABE will have to work a little harder, fudge more numbers or print more - bloomberg
Some investors trying to catch the falling knife as a late buying turn around in China during the Asian session advances stocks - bloomberg
This is all you need to know about what is to come on TAPER TALK
As if we needed to actually read about this but here it is anyways EM losing growth lead - WSJ
Lucky for us Economists dont run the show or do they but they see real growth somewhere = FED TAPER - WSJ
What's a day without a zerohedge piece on China's demise - Zerohedge
More Eurozone Pain to Come on big Funding Shortfall - Zerohedge
If the above headlines weren't good enough try this one as Greece will need more money sooner than you think - Zerohedge
Sure, lets throw Spain in pain just for good measure - Bus. Insider
Just to make the negative data out of EZ official we have this piece from the - Telegraph
ECON DATA:
Not much on the docket today and there are no market moving scheduled speakers today.
- The Nikkei moved a little lower on the session while JPY gave up a some gains.
- There is little weekend headline news to carry over into today's trading
- SUMMARY: Our model suggests that equities may underperform while Fixed Income grinds higher though we should not see any breakouts in the market. E-zone periph may trade lower on the headline news below which would be the catalyst for the mve we just mentioned. TRADING FOR TODAY RANGE WITH A WEAK RISK OFF FEEL.
On Going Market THEMES:
FED Tapering in Sept / Debt Ceiling / Student Loans and Muni's Defaults....
Summary: Headline news gives a bleak Macro picture of Eurozone and China but it will likely not impact intraday trading unless headlines get passed around on an otherwise quiet trading day.
Looks like ABE will have to work a little harder, fudge more numbers or print more - bloomberg
Some investors trying to catch the falling knife as a late buying turn around in China during the Asian session advances stocks - bloomberg
This is all you need to know about what is to come on TAPER TALK
As if we needed to actually read about this but here it is anyways EM losing growth lead - WSJ
Lucky for us Economists dont run the show or do they but they see real growth somewhere = FED TAPER - WSJ
What's a day without a zerohedge piece on China's demise - Zerohedge
More Eurozone Pain to Come on big Funding Shortfall - Zerohedge
If the above headlines weren't good enough try this one as Greece will need more money sooner than you think - Zerohedge
Sure, lets throw Spain in pain just for good measure - Bus. Insider
Just to make the negative data out of EZ official we have this piece from the - Telegraph
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