Early Update
12:03 p.m. ET There are quite a few interesting developments this morning, and it’s been a fast moving market with a bullish shift into the cash open, thus it’s taken longer than I’d like to get this post out reflecting the most recent data. Briefly recapping, the first half of last week was dominated by reactions to UK fiscal and monetary policy conflicts, sending Cable and GILTs lower as well…...
Market Update
3:31 p.m. ET The stock market trades with a positive disposition today as the NASDAQ Composite looks to break a seven-session losing streak. A weaker Dollar, falling yields and energy prices have contributed to the equity market’s positive tone. The major averages moved to session highs following the release of the Fed’s September Beige Book. The report showed that economic activity was unchanged, on balance, since early July, with five…...