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Posts Tagged ‘Rajoy’

2012/09/04: Quick Post: Weekly Perspective now available… HUGE European focus

September 4, 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 Jackson Hole was going to be more style than substance. And Mr. Bernanke certainly confirmed all of our expectations that while the Fed may still ‘do something’, it will likely be less influential in the real economy than in the risk asset psychology. His defense of the previous rounds of quantitative easing (ostensibly QE1 and QE2) was eloquent, and might have even had some merit.

Yet even many of those who believed those efforts were necessary at much lower levels in the equity markets allow that further liquidity infusions might accomplish little more than a further escalation of commodity prices. And that would not even help equities very much. And in any event the greater risk or redemption likely rests with Europe now that the specifics of any rescue effort must soon be more clearly articulated.

That is exactly the sort of focus we have concentrated upon in this week’s Summary Perspective on key influences, available through the link in the right hand column. It joins yesterday’s Weekly Report & Event Calendar.

It still gives due credit to ECB President Draghi for the masterful “do whatever is necessary” to save the euro ‘spin’ he placed upon the late-summer phase of those negotiations.

And yet…

 

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2012/08/31: Quick Post: Courtesy Brief Update: To QE or not to QE?

August 31, 2012 Leave a comment

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

Short & Sweet again on the specific market comments in this post, because today’s TrendView Brief Update is a pointed discussion of some significant points in the quantitative easing debate. As we have noted in previous posts, we feel QE is the Opiate of the Perma-Bulls. We will have more for you on that soon.

However, in the meantime it would seem that whatever Mr. Bernanke has to say today must be respected as a potential short term influence on the markets. And that is in spite of the far greater influence that will likely come from the next steps (for better or worse) in the European Sovereign Debt Crisis. And that reaches a truly critical horizon into the ECB press conference and meeting between German Chancellor Merkel and Spanish Prime Minister Rajoy… both of which are coincidentally (or not) next Thursday.

 

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2012/08/07: Quick Post: Weekly Calendar and Perspective Now Available

August 7, 2012 Leave a comment

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

The weekly Report & Event Calendar is available through the link in the right hand column along with this week’s Summary Perspective on Key Influences. Even as we remain a bit skeptical of the extended rally, it must be allowed that the better sentiment from the extended implication of ECB President Draghi’s press conference can push equities higher in the near-term.

That much was apparent by Friday morning, so it is no surprise that the positive equities influences have the upper hand for now. And as we noted on Friday, that means the primary government bond markets and US dollar were going to suffer as their ‘haven’ bid tendencies were reversed in the face of the sustained near-term equities strength.

And with a relatively light reporting calendar early this week, the factors that might discourage equities once again can only appear from Wednesday into Thursday based upon two aspects…

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2012/08/01: Quick Post: Pre-FOMC: Fresh Tech now available

August 1, 2012 Leave a comment

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

The Technical Projections and Select Comments are now available through the link in the right hand column. That is along with this week’s previously provided Weekly Report and Event Calendar and Summary Perspective on Key Influences, also all available through the link in the right hand column.Even as demure as we try to be at most times, due to the pressure on central banks to “do something”, we could not help but note that this is going to ultimately be a proverbial MONSTER WEEK.

And it is no secret that even with the imminent FOMC announcement, the real crux of the matter is whatever transpires at the ECB post-rate decision press conference Thursday morning (US time.) After President Draghi’s bold pronouncement on doing ‘whatever is necessary’ to save the euro currency project, there will be a major focus on the specifics at that press conference. And even beyond that, there are surrounding factors which are so highly critical…

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2012/07/31: Quick Post: Weekly Calendar and Perspective Now Available

July 31, 2012 Leave a comment

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

The weekly Report & Event Calendar is available through the link in the right hand column along with this week’s Summary Perspective on Key Influences. Even as demure as we try to be at most times, due to the pressure on central banks to “do something”, we could not help but note that this is going to ultimately be a proverbial MONSTER WEEK.

And it is no secret that even with the FOMC announcement on Wednesday, the real crux of the matter is whatever transpires at the ECB post-rate decision press conference Thursday morning (US time.) After President Draghi’s bold pronouncement on doing whatever is necessary to save the euro currency project, there will be a major focus on the specifics at that press conference. And even beyond that, there are surrounding factors which are so highly critical…

Read more…