Hi readers
JPM numbers did hit expectation but also didn't get slammed either.
Anything less than a 5% drop for companies who don't meet expectations is just a clip over the ears.
Wells Fargo is just a nice steady mover as always.
Tomorrow and Friday we have the other banks reporting so it will be interesting.
Yes someone made mention that most techs stocks are reporting during the retrograde!
So expect serious disappointments in the sector.
Notice how wheat isn't running up just yet, you still have plenty time to acquire positions if you choose too before March.
Both bonds and gold at the present time are seen as safe havens hence that's why there not falling yet but as I have said before at some point this will occur very quickly.
Market should try to bounce on Thursday and Friday but don't expect huge moves up.
If anything might be down and then come up to close positive.
Questions
How much will the dollars rise affect returns from multi national companies?
Simple work out as of June the dollar index was trading around the 80-81 market.
It's now around the 92 level so that's about 12-13%.
There is your answer, but on the opposite side those importing are gaining the same amount so for quick trades maybe looking at importers for a hedge.( just an idea)
As always use the above as an indicator to your own work.
Past performance is no guarantee for future performance.
Ask your financial advisor on more on the above.
Don't act on free reading as you haven't payed for it to be obligated.
JPM numbers did hit expectation but also didn't get slammed either.
Anything less than a 5% drop for companies who don't meet expectations is just a clip over the ears.
Wells Fargo is just a nice steady mover as always.
Tomorrow and Friday we have the other banks reporting so it will be interesting.
Yes someone made mention that most techs stocks are reporting during the retrograde!
So expect serious disappointments in the sector.
Notice how wheat isn't running up just yet, you still have plenty time to acquire positions if you choose too before March.
Both bonds and gold at the present time are seen as safe havens hence that's why there not falling yet but as I have said before at some point this will occur very quickly.
Market should try to bounce on Thursday and Friday but don't expect huge moves up.
If anything might be down and then come up to close positive.
Questions
How much will the dollars rise affect returns from multi national companies?
Simple work out as of June the dollar index was trading around the 80-81 market.
It's now around the 92 level so that's about 12-13%.
There is your answer, but on the opposite side those importing are gaining the same amount so for quick trades maybe looking at importers for a hedge.( just an idea)
As always use the above as an indicator to your own work.
Past performance is no guarantee for future performance.
Ask your financial advisor on more on the above.
Don't act on free reading as you haven't payed for it to be obligated.
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