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2013/10/03: Commentary: Got that old ‘2011’ feeling back… and not just us!!

October 3, 2013 Leave a comment

© 2013 ROHR International, Inc. All International rights reserved.

COMMENTARY: Thursday, October 3, 2013.

 CNBC-OBAMAharwoodINTVW-131002Crisis? What US government funding crisis?

Uh-Oh… even the Prez is allowing this one ain’t good!! We don’t agree with a lot of what the President has put in place (in fact we disagree with most of it.) Yet he was right to caution that markets are likely being too sanguine in the face of these unyielding positions on both sides.

You’d think from the way the markets are behaving there is no crisis looming in the US. This could be a major bit of cognitive dissonance brewing for the investor class (including more than a few ostensibly well-informed fund managers.) What we are witnessing is a short term disconnect that most folks expect will be readily corrected, yet which might carry more dire implications even across the short term.

While not wanting to play Cassandra, this all feels a lot more like July 2011 Redux than anything seen in any of the mini-crises since then.

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2013/10/03: TrendView VIDEO Analysis: Equities, Fixed, FX

October 3, 2013 Leave a comment

© 2013 ROHR International, Inc. All International rights reserved.

VIDEO ANALYSIS & OUTLOOK: Thursday, October 3, 2013.

131003_EQ_FIXED_0615

EQUITIES & FIXED INCOME

While the TrendView Videos are from earlier this morning, they remain very relevant for the trend decisions into later on today and likely even into Friday. The timeline of the Equities and Fixed Income video opens with some of the macro (i.e. fundamental) considerations and typical short-term and intermediate-term view of the S&P 500 future from, shifts to the other equities from 05:50, with govvies analysis beginning at 10:10, and short money forwards from 17:05 with a brief return to the S&P 500 future at 20:15.

FOREIGN EXCHANGE Analysis and Outlook below.

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