Europe in turmoil as Italian politicians were unable to form a government. Major rotation out of European banks and bonds helped to push down the 10-year U.S. Treasury yield.
After a week off, not much has changed The tape is very sensitive to any and all headlines. Markets are still in a consolidation mode and it will be interesting to see what will pull or pull it out of this status.
The winner of the Closest to The Pin will is announced for Baidu and much more.
Markets are in a bit a of schizoid state. Every news items seems to bring a new round of massive buying or selling. Fastballs are being thrown and investors are trying their best to hit while blindfolded.
Plenty of interesting economic and earnings news items on tap for the next couple of weeks. We will see what needs to be addressed.
Plus – Facebook insights as well as a surprise backdoor scheme we found related to the banks…
Is it news to anyone that personal data that is willingly shared on social media is readily available and sold to advertisers? This does not seem to be anything new. Nor is the fact that nefarious uses of personal data is commonplace in order to mold behavior. Even so, once Congress gets involved things can get bumpy.
A big week for markets as there are plenty of market moving headlines expected. From the potential for a Fed rate hike to the budget spending bill process. We break down the important items to watch and get to the bottom of it all.