If last week is any indication, the market focus will be less on stocks and more on bonds and the dollar; while the dollar staged a late-week rally, the Treasury auction this week and continued weakness in long-dated Treasuries continues to be a worry for traders. Read More
Has government involvement in the financial sector been beneficial to the largest U.S. banks? After the completion of the government’s bank stress tests, results showed that 10 out of the nation’s 19 largest banks need to raise ~$75 billion in capital to become more solvent. Read More
As we get better economic news, stocks set the bar higher. I noted this morning that "less bad" was no longer good enough to move stocks forward, the new standard is "much less bad," and even that may not last long. Read More