Daily State of the Markets

Don't Look Now, But China May Be a Problem

The good news is that the situation in Greece appears to be moving toward a conclusion. Just this morning Tsipras & Co. have submitted a request to the ESM for a fresh, 3-year bailout along with promises to implement tax and pension reform measures at the beginning of next week. In ad…

Back To The Table

Cutting directly to the chase, the key to the current drama in Greece - as far as the markets are concerned - continues to be the expectations for a deal to get done. Make no mistake about it; this point of view is not new as the action on the charts makes this point very clear. Regardles…

Greece Says "No" But Will It Matter?

Although it would be nice to be able to move on to other important issues, the bottom line is that Greece clearly remains the focal point for traders from a short-term perspective. Not surprisingly, Greek citizens voted "no" in resounding fashion on Sunday to the question of wheth…

It's Not The News, But How The Market Reacts...

Dave M. has an early appointment so Paul Schatz of Heritage Capital, LLC is filling in this morning. We are pleased to be able to offer Paul's thoughts on the state of the market and hope that you enjoy his views. With Monday&rsq…

Let's Vote!

Since Greece has once again become "the word" for this market, we thought it would be a good idea to do a quick roundup of current events. For starters, it will suffice to say that the Greek saga dragged on last week and the headlines were clearly responsible for much of the volatility in…

Another Greek Deadline Approaches, So...

The headlines after the close of business yesterday read something to the effect of, "No Signs of Greek Deal." This proclamation was supported by a series of stories throughout the day detailing the breakdown of negotiations. The wires reported that the rhetoric had become heated and that…

Is There Anything Else To Focus On?

Are we having fun yet? If you are invested in the market for anything other than the daily hysterics relating to the latest developments in Greece, the answer is likely no. While it is almost unfathomable, the action in the U.S. stock market continues to be controlled by the most recent d…

Still All About Greece (Yawn)

From a short-term perspective, it is clear that this market remains all about Greece. (Yes, again/still.) For the umpteenth time since 2010, the market is forced to deal with the headlines, the comments, and the drama coming from a country with an economy the size of Dallas. In ca…

A Break In The Action (Or Same 'Ol, Same 'Ol)?

On Sunday evening, it appeared that there had been a breakthrough in the stand-off between Greece and its creditors. The wires indicated that officials in Athens had relented and despite an awful lot of rhetoric to the contrary, had submitted new proposals to the EU designed to allow the …

Following The Script (So Far)

In case you left your Greek crisis play book on your desk over the weekend, you will be happy to know that the game continues to play out according to script on this fine Monday morning. Fo reveiw, stocks sold off into the close on Friday on fears that a deal with Greece wouldn't get done…