Archive for October 3, 2012

2012/10/03: Quick Post: Weekly Perspective available… intense early month decision

October 3, 2012 Leave a comment

© 2012 ROHR International, Inc. All International rights reserved.

Very short and sweet today, because all of the perspective is still much the same as our expectations last week that QE3 can give equities a boost, but is not actually very helpful for an ailing global economy. After equities spent all of last week in a more reactive mode on the downside, they are likely vulnerable unless the December S&P 500 future can push back above 1,450 area for the weekly Close.

Friday’s US Employment report will naturally be a major influence. Yet there have been quite a few interesting influences earlier this week, and others which remain prior to the US Jobs number on Friday. There was the surprise rate cut by the Reserve Bank of Australia yesterday morning. A link to their statement is available in the Weekly Report & Event Summary Perspective. It seems the last of the bullish central banks is finally acknowledging how weakness in Europe has fed greater than expected weakness in China and Asia in general.

Yet there is an even more telling influence in front of Friday’s US numbers…


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