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S&P Data All Moves to The Downside

S&P/CS 20 City (MoM%) SA:  Survey: -0.34%     Actual:  -0.62%     Prior: -0.57%     Revised:  -0.66%

S&P/CS Composite-20 (YOY):   Survey: -3.22%     Actual: -3.40%     Prior: -3.59%    Revised: -3.54%

S&P/CaseShiller Home Price Index:    Actual: 140.30   Prior: 141.97    Revised: 142.04

Bobbys Corner-Open Market-Aug.8.2011

Good Morning:

Nervous and choppy markets greet us this morning (and last night)-with Dow futures off over 200 points, S&P off 24, NASDAQ off 45.
Gold has hit another all time record (over $1700/oz), and oil is lower again.
This was widely expected after Friday afternoon announcement by S&P that the USA’s credit rating was going to be downgraded to AA+ from AAA.

Bobbys Corner-Open Market-April.27.2011

bob-slade-forex-trading-6-150x200Good Morning:

Risk was back on center stage overnight-as Australian CPI data posted better than expected-pushing the Aussie through the 1.08 handle.
In the UK-GDP printed at .5%, which showed that the UK economy is fairly robust, even with their austerity measures and weak consumer sentiment.  The GBP rallied as many investors were anticipating weaker data.

S&P Lowers Portugal Rating

S&P lowers Portugal to BBB- for BBB, A-3 at S&P , Outlook negative.

Bobbys Corner-Open Market-Feb.1.2011

bob-slade-forex-2-150x200Good Morning:

Welcome to February.  We will see what the groundhog says tomorrow. 

We start the day with news out of Egypt-protesters started to gather in Cairo’s Tahir Square as they prepare for today’s million people march.  The Egyptian military has promised not to fire on marchers, and the newly appointed Vice President is open to starting a dialogue with the opposition.
News that S&P also lowered Egypt’s credit rating was no surprise to investors.

S&P CaseShiller Home Price Index Lower

S&P/CaseShiller Home Price Ind:    Actual: 143.85     Prior: 145.32     Revised: 145.26

S&P/CS 20 City (MoM%) SA:              Survey: -0.80%     Actual: -.54%     Prior: -.99%     Revised:  -1.00%

S&P/CS Composite-20 (YOY):           Survey: -1.60%     Actual: -1.59%     Prior: -.80%    Revised: -.84%

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