Archive | June, 2009

Reflation trade turns cautious: 3% Market Sell-Off

The market had a broadbase sell-off today with weakness in all sectors especially commodity stocks such as energy and materials. The 30% rally since March 9th has come to a screeching halt. A global growth warning from the World bank gave a bleak report cutting estimates for 2009 from a 1.7% contraction to 2.9% contraction. […]

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H1N1 Flu Pandemic is here but Moderate in Severity

Drug Stocks rally on Flu News On Thursday June 11,the WHO raised its alert on swine flu (H1N1) to the Phase 6 pandemic level calling further spread of the virus inevitable. The Director- General of WHO Dr. Margaret Chan said, “Globally we have good reason to believe that this pandemic, at least in its early […]

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Ten Year Treasury Auction drives Yield to 3.99%

The reflation trade got a big boost from Treasuries today as the latest auction brought yields of close to 4%, much higher than the pricing of the May 9th delayed auction when yields were about 3.19%. The ongoing run on oil didn’t help matters as crude futures rose to $71.83 a rise of 1.84% a […]

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