March 30,2016 Greetings from Shanghai where it is 7:15 pm Wednesday night. Hoping you are doing well as we will be back from our trip this coming Saturday. We have a lot to say in two parts. Firstly, we do not know what you’re hearing but here is what happened yesterday. Janet Yellen just eased…
Greetings from Hong Kong…on the way to Shanghai today. Will have a complete report on China this coming weekend. Was up overnight watching and the best way to describe the action is a lot of not much. A lot of sitting, a lot of back and forth, a few things not so well, a few…
Greetings. It is Monday morning here in Hong Kong where I got a bout of food poisoning past couple of days. Let’s just say…no fun. Feeling much better this morning after sleeping 12 hours straight. Have a few thoughts this morning on things I am seeing. Japan announces they will add even more stimulus. More?…
MARKETS GO COAST TO COAST” By Gary Kaltbaum March 21,2016 Greetings from Beijing. Fascinating place. The Kaltbaum bucket list continues to get checked off. Yesterday, we visited Tiananmen Square, the Temple of Heaven and the Forbidden City. Humongous, expansive and spectacular architecture come to mind. Today, we hit the Great Wall and Summer Palace. To…
Stock Market Overview: Futures are higher ahead of Friday’s open as investors digest a busy week of central bank meetings. The big take-away is that nearly every major central bank in the world remains committed to their easy money stance. Gary’s Thoughts: Bad news being bought! (CAT) Good news being bought big! (FDX) We will…
The Dow Jones Industrial Average and S&P 500 turned positive for the year as investors digested a slew of economic data. The biotechs continued to lag while the beaten down areas of the market continued to do well. The Transports ($IYT), Materials ($XLB), Gold ($GLD/$GDX), Silver ($SLV), Steel ($XLS), Emerging Markets ($EEM) all rallied sharply…
Stock Market Overview: Futures are lower ahead of Thursday’s open as markets digest the Fed meeting and the recent and strong rally we have seen in global markets. Gary’s Thoughts: Massive overhead resistance in the offing! Economic Data: Jobless Claims 8:30 AM ET Philadelphia Fed Business Outlook Survey 8:30 AM ET Current Account 8:30 AM ET Bloomberg Consumer Comfort…
“CENTRAL BANK PARTY GOES INTO OVERDRIVE” By Gary Kaltbaum 3/17/2016 garyk.com @GaryKaltbaum Fox News Business Contributor Greetings all. Today we are headed to China for 2 weeks…a little bit of business and a lot of touring. We will check back in with you from time to time to tell you what we are seeing. But first,…
At 2pm, the Fed decided to leave rates steady and market participants lowered the odds to two rate hikes this year. Gary’s Thoughts: Make that NO rate hikes this year. Europe adds printing, China adds printing. Japan adds printing. Countries are buying up stock markets and all that has happened is the market is recovering some….
Stock futures are relatively quiet as the world waits for the Fed meeting and press conference later today. Gary’s Thoughts: Into the fed, just watch oils and financials. Both have set-ups to break out of. If they can go topside, there will be more upside. Remember, Japan printing 700 bil/year…Europe 1 trillion, China…over 1 tril,…
