<?xml version='1.0' encoding='ISO-8859-1'?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:media="http://search.yahoo.com/mrss/">
<channel>
<atom:link
	href="http://www.minyanville.com/rss/author.rss?authorid=327"
	rel="self" type="application/rss+xml" />
<title>Minyanville - Michael Sedacca RSS</title>
<description>
The Trusted Choice for the Wall Street Voice
</description>
<link>
		http://www.minyanville.com</link>
<copyright>
		2013Minyanville Publishing and Multimedia, LLC. All Rights Reserved
</copyright>
		<item>
<title><![CDATA[Trading Radar: Forget Economic Data -- Next Week Is All About the Fed]]></title>
<link>
			http://www.minyanville.com/sectors/global-markets/articles/economic-data-earnings-reports-earnings-econ/5/17/2013/id/49899</link>
<pubDate>
			Fri, 17 May 2013 15:40:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/sectors/global-markets/articles/economic-data-earnings-reports-earnings-econ/5/17/2013/id/49899</guid>
<description>
<![CDATA[Another week, another set of new highs in the S&P 500 (INDEXSP:.INX). All in all, economic data came out as a scratch; there were an equal amount of positive and negative reports. Retail sales posted larger-than-expected gains, up 0.7% month-over-month after backing out gas-related purchases (which increase and decrease along with fluctuations in gas prices) and up 3.7% year-over-year. The headline number was up 0.1%. Consumer and producer price indexes continued to tumble. April year-over-year growth in consumer prices was only up 1.1% while producer prices only grew 0.6% year-over-year. Both were significantly below estimates. Falling producer prices and lower ]]>
</description>
<content:encoded>
	<![CDATA[Another week, another set of new highs in the S&P 500 (INDEXSP:.INX). All in all, economic data came out as a scratch; there were an equal amount of positive and negative reports. Retail sales posted larger-than-expected gains, up 0.7% month-over-month after backing out gas-related purchases (which increase and decrease along with fluctuations in gas prices) and up 3.7% year-over-year. The headline number was up 0.1%. Consumer and producer price indexes continued to tumble. April year-over-year growth in consumer prices was only up 1.1% while producer prices only grew 0.6% year-over-year. Both were significantly below estimates. Falling producer prices and lower ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Trading Radar: Retail Sales Growth Expected to Slow to Lowest Point in Four Years]]></title>
<link>
			http://www.minyanville.com/sectors/global-markets/articles/Retail-Sales-Growth-Expected-to-Slow/5/10/2013/id/49764</link>
<pubDate>
			Fri, 10 May 2013 15:42:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/sectors/global-markets/articles/Retail-Sales-Growth-Expected-to-Slow/5/10/2013/id/49764</guid>
<description>
<![CDATA[This past week was very bare in terms of data releases; one of the two major releases was weekly jobless claims, which declined to 323,000 from last week&#39;s 327,000. It also dragged down the 4-week moving average of claims to 336,800. The other was March consumer credit, which declined to a seasonally adjusted $7.966 billion. Within consumer credit, revolving credit fell for the second straight month to $802 billion and nonrevolving credit had its second straight month of increases up to $1,960.4 billion.

Looking ahead to next week, we have more consumption data on the calendar. On Monday, advance retail ]]>
</description>
<content:encoded>
	<![CDATA[This past week was very bare in terms of data releases; one of the two major releases was weekly jobless claims, which declined to 323,000 from last week&#39;s 327,000. It also dragged down the 4-week moving average of claims to 336,800. The other was March consumer credit, which declined to a seasonally adjusted $7.966 billion. Within consumer credit, revolving credit fell for the second straight month to $802 billion and nonrevolving credit had its second straight month of increases up to $1,960.4 billion.

Looking ahead to next week, we have more consumption data on the calendar. On Monday, advance retail ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[High Yield: Is It Junk, Speculative, or High-Yield Debt?]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/fixed-income/articles/gm-tlt-HYG-255Egspc-SAH-bond/5/8/2013/id/49718</link>
<pubDate>
			Wed, 8 May 2013 16:12:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/fixed-income/articles/gm-tlt-HYG-255Egspc-SAH-bond/5/8/2013/id/49718</guid>
<description>
<![CDATA[Yes to the first two and nay to the last part. Today, the Barclays US High Yield Index dropped below 5% for the first time ever on top of record issuance year-to-date. As a whole, the credit situation of US companies hasn't changed much over the past five months. Default rates remain low at 2.6%, below the 6% long run average; with unending easy global monetary policy, it seems that the chances are even lower that we rise above that level, despite consumption growth continuing to slow amidst higher taxes.

However, it isn't the first time that high-yield bonds have ]]>
</description>
<content:encoded>
	<![CDATA[Yes to the first two and nay to the last part. Today, the Barclays US High Yield Index dropped below 5% for the first time ever on top of record issuance year-to-date. As a whole, the credit situation of US companies hasn't changed much over the past five months. Default rates remain low at 2.6%, below the 6% long run average; with unending easy global monetary policy, it seems that the chances are even lower that we rise above that level, despite consumption growth continuing to slow amidst higher taxes.

However, it isn't the first time that high-yield bonds have ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Trading Radar: Treasury Forecast to Run a Surplus in April]]></title>
<link>
			http://www.minyanville.com/sectors/global-markets/articles/Trading-Radar253A-Treasury-Forecast-to-Run/5/3/2013/id/49636</link>
<pubDate>
			Fri, 3 May 2013 16:40:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/sectors/global-markets/articles/Trading-Radar253A-Treasury-Forecast-to-Run/5/3/2013/id/49636</guid>
<description>
<![CDATA[What a week! The S&P 500 (INDEXSP:.INX) broke to new highs, and all was well in the world. On Friday, the Labor Department reported that the US economy added 165,000 nonfarm payrolls, more than the 140,000 that was expected by economists. The estimate also reflected increased negativity as the median estimate had begun the week at 155,000. More importantly, the velocity of the rally was due to the upward revisions in March and February. Compared to other economic data and the ADP survey of 131,000 private payrolls (revised down from 158,000) in March, the headline number for nonfarm payrolls data ]]>
</description>
<content:encoded>
	<![CDATA[What a week! The S&P 500 (INDEXSP:.INX) broke to new highs, and all was well in the world. On Friday, the Labor Department reported that the US economy added 165,000 nonfarm payrolls, more than the 140,000 that was expected by economists. The estimate also reflected increased negativity as the median estimate had begun the week at 155,000. More importantly, the velocity of the rally was due to the upward revisions in March and February. Compared to other economic data and the ADP survey of 131,000 private payrolls (revised down from 158,000) in March, the headline number for nonfarm payrolls data ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Trading Radar: Nonfarm Payrolls, ECB, and the FOMC]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/economic-data-econ-data-earnings-earnings/4/26/2013/id/49486</link>
<pubDate>
			Fri, 26 Apr 2013 16:30:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/economic-data-econ-data-earnings-earnings/4/26/2013/id/49486</guid>
<description>
<![CDATA[Next week will be the busiest one in quite some time. Both the European Central Bank and US Federal Reserve will make rate decisions. For the ECB, it is becoming more widely expected that the central bank will cut its main refinancing rate to 0.50% from 0.75%, despite money market rates effectively being at 0 after 1 trillion euros of long-term refinancing operations (LTRO). However, it is worth noting that ECB President Mario Draghi has yet to be reactive to markets, so we are dubious as to whether or not the ECB will cut the main rate.

As for the ]]>
</description>
<content:encoded>
	<![CDATA[Next week will be the busiest one in quite some time. Both the European Central Bank and US Federal Reserve will make rate decisions. For the ECB, it is becoming more widely expected that the central bank will cut its main refinancing rate to 0.50% from 0.75%, despite money market rates effectively being at 0 after 1 trillion euros of long-term refinancing operations (LTRO). However, it is worth noting that ECB President Mario Draghi has yet to be reactive to markets, so we are dubious as to whether or not the ECB will cut the main rate.

As for the ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Floating Rate Notes: Overpaying for Insurance That Doesn't Protect You]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/fixed-income/articles/Floating-Rate-Notes253A-Overpaying-for-Insurance/4/23/2013/id/49410</link>
<pubDate>
			Tue, 23 Apr 2013 10:05:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/fixed-income/articles/Floating-Rate-Notes253A-Overpaying-for-Insurance/4/23/2013/id/49410</guid>
<description>
<![CDATA[So far, 2013 has been an excellent year for floating rate bond issuance. At the end of the first quarter, floating rate issuance was nearly 2.5x the prior year's pace during the first quarter. According to JPMorgan, US companies issued $30.045 billion during the first quarter, up from $13.250 billion in the 1Q 2012. Much of this issuance has been for debt maturing in five years or less, for a reason we'll get into later. The general buying interest was due in large part to investors seeking protection from rising interest rates. As the Fed would pull back on its ]]>
</description>
<content:encoded>
	<![CDATA[So far, 2013 has been an excellent year for floating rate bond issuance. At the end of the first quarter, floating rate issuance was nearly 2.5x the prior year's pace during the first quarter. According to JPMorgan, US companies issued $30.045 billion during the first quarter, up from $13.250 billion in the 1Q 2012. Much of this issuance has been for debt maturing in five years or less, for a reason we'll get into later. The general buying interest was due in large part to investors seeking protection from rising interest rates. As the Fed would pull back on its ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Trading Radar: First Quarter Expected to Show Big Growth in GDP, Consumption]]></title>
<link>
			http://www.minyanville.com/sectors/global-markets/articles/Trading-Radar253A-Big-GDP-and-Consumption/4/19/2013/id/49382</link>
<pubDate>
			Fri, 19 Apr 2013 16:50:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/sectors/global-markets/articles/Trading-Radar253A-Big-GDP-and-Consumption/4/19/2013/id/49382</guid>
<description>
<![CDATA[The past week saw intense volatility creep back into the market for the first time this year. Gold crashed on Monday, losing 9% in a single day and capping a 13% two-day slide. TIPS (Treasury Inflation Protected Securities) took a major hit after an auction of 5-year notes on Thursday bordered on a failure. In the end, the S&P 500 (INDEXSP:.INX) lost 2.25% of value on the week. Notable breakdowns included Goldman Sachs (NYSE:GS), Bank of America (NYSE:BAC), and Morgan Stanley (NYSE:MS) all following decent quarters.

Next week we can expect the yen to continue to weaken as the G-20 ]]>
</description>
<content:encoded>
	<![CDATA[The past week saw intense volatility creep back into the market for the first time this year. Gold crashed on Monday, losing 9% in a single day and capping a 13% two-day slide. TIPS (Treasury Inflation Protected Securities) took a major hit after an auction of 5-year notes on Thursday bordered on a failure. In the end, the S&P 500 (INDEXSP:.INX) lost 2.25% of value on the week. Notable breakdowns included Goldman Sachs (NYSE:GS), Bank of America (NYSE:BAC), and Morgan Stanley (NYSE:MS) all following decent quarters.

Next week we can expect the yen to continue to weaken as the G-20 ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Trading Radar: S&P Broke to New Highs This Past Week, Housing Data Next Week]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/Trading-Radar-earnings-season-earnings-dates/4/12/2013/id/49248</link>
<pubDate>
			Fri, 12 Apr 2013 17:00:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/Trading-Radar-earnings-season-earnings-dates/4/12/2013/id/49248</guid>
<description>
<![CDATA[This past week, the S&P (INDEXSP:.INX)  rebounded off the economic weakness from the March payrolls report. What appeared to be a breakdown from congestion turned out to be a false signal as the S&P broke through the 1573 level of resistance to record highs. On Friday, though, equities gave some of it back as retail sales continued to show an economic slowdown. March retail sales were down 0.4% with much of this slowdown attributed to the drop in gas prices and weak auto sales concurrent with seasonally cold weather. Thus far, ex auto and gas, retail sales are only up ]]>
</description>
<content:encoded>
	<![CDATA[This past week, the S&P (INDEXSP:.INX)  rebounded off the economic weakness from the March payrolls report. What appeared to be a breakdown from congestion turned out to be a false signal as the S&P broke through the 1573 level of resistance to record highs. On Friday, though, equities gave some of it back as retail sales continued to show an economic slowdown. March retail sales were down 0.4% with much of this slowdown attributed to the drop in gas prices and weak auto sales concurrent with seasonally cold weather. Thus far, ex auto and gas, retail sales are only up ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Trading Radar: Tough Week for US Markets; March Retail Sales Estimates Look Dire]]></title>
<link>
			http://www.minyanville.com/sectors/global-markets/articles/earnings-data-economic-data-retail-sales/4/5/2013/id/49117</link>
<pubDate>
			Fri, 5 Apr 2013 15:45:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/sectors/global-markets/articles/earnings-data-economic-data-retail-sales/4/5/2013/id/49117</guid>
<description>
<![CDATA[US markets finished the week sharply down on the back of weak payroll data. March nonfarm payrolls only rose 88,000, well below the 190,000 forecast. The prior month&#39;s payrolls were revised up to 268,000 from 236,000. Equally negative was the household employment report, which fell by 206,000, down from a gain of 170,000 last month. However, due to a sharp decline in the labor force participation rate, the unemployment rate ticked down to 7.6% from the prior 7.7%. This drop is due to a continued secular decline in the labor force as Baby Boomers continue to leave the workforce.

Stocks ]]>
</description>
<content:encoded>
	<![CDATA[US markets finished the week sharply down on the back of weak payroll data. March nonfarm payrolls only rose 88,000, well below the 190,000 forecast. The prior month&#39;s payrolls were revised up to 268,000 from 236,000. Equally negative was the household employment report, which fell by 206,000, down from a gain of 170,000 last month. However, due to a sharp decline in the labor force participation rate, the unemployment rate ticked down to 7.6% from the prior 7.7%. This drop is due to a continued secular decline in the labor force as Baby Boomers continue to leave the workforce.

Stocks ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Trading Radar: Nonfarm Payrolls and the Bank of Japan]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/trading-radar-bank-of-japan-nonfarm/3/28/2013/id/48976</link>
<pubDate>
			Thu, 28 Mar 2013 16:00:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/trading-radar-bank-of-japan-nonfarm/3/28/2013/id/48976</guid>
<description>
<![CDATA[US markets continued to bounce around in response to developments in Cyprus. Today the Cyprus banks reopened for business. While long lines did not form to pull cash from the bank, we&#39;ll have to wait and see what kind of deposits were withdrawn electronically. Economic data for the week was a bit weaker than was desired with durable goods orders ex-transports, consumer confidence, Chicago manufacturing, and annual pending home sales all ticking down. Bullish data for the week was provided by Case-Shiller home prices, but this data is a bit stale since it is from January.
	
	Looking ahead, next week ]]>
</description>
<content:encoded>
	<![CDATA[US markets continued to bounce around in response to developments in Cyprus. Today the Cyprus banks reopened for business. While long lines did not form to pull cash from the bank, we&#39;ll have to wait and see what kind of deposits were withdrawn electronically. Economic data for the week was a bit weaker than was desired with durable goods orders ex-transports, consumer confidence, Chicago manufacturing, and annual pending home sales all ticking down. Bullish data for the week was provided by Case-Shiller home prices, but this data is a bit stale since it is from January.
	
	Looking ahead, next week ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Trading Radar: Will Consumers Continue to Save Less to Maintain Same Spending Habits?]]></title>
<link>
			http://www.minyanville.com/sectors/global-markets/articles/Trading-Radar253A-Will-Consumers-Continue-to/3/22/2013/id/48885</link>
<pubDate>
			Fri, 22 Mar 2013 16:31:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/sectors/global-markets/articles/Trading-Radar253A-Will-Consumers-Continue-to/3/22/2013/id/48885</guid>
<description>
<![CDATA[Volatility was high this week as Cyprus status in the eurozone changed by the minute. The S&P 500 (INDEXSP:.INX) was able to almost claw its way back to unchanged at 1560 after touching as low as 1538. At the end of the week, the Cyprus government was attempting to secure an EU bailout by winding down one of its major financial instutitions, Laiki, and levying a deposit on uninsured depositors, those above 100,000 euros. Russia, whose citizens and companies make up a majority of the deposits, remained on the sidelines in terms of aid as it viewed the country&#39;s banking ]]>
</description>
<content:encoded>
	<![CDATA[Volatility was high this week as Cyprus status in the eurozone changed by the minute. The S&P 500 (INDEXSP:.INX) was able to almost claw its way back to unchanged at 1560 after touching as low as 1538. At the end of the week, the Cyprus government was attempting to secure an EU bailout by winding down one of its major financial instutitions, Laiki, and levying a deposit on uninsured depositors, those above 100,000 euros. Russia, whose citizens and companies make up a majority of the deposits, remained on the sidelines in terms of aid as it viewed the country&#39;s banking ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Trading Radar: FOMC Decision Is the Focus]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/Trading-Radar253A-FOMC-Decision-Is-the/3/15/2013/id/48757</link>
<pubDate>
			Fri, 15 Mar 2013 16:30:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/Trading-Radar253A-FOMC-Decision-Is-the/3/15/2013/id/48757</guid>
<description>
<![CDATA[This past week we saw stocks generally meander higher to what seems like all-time highs at SPX (INDEXSP:.INX)1576. Generally, economic data was better for the week as retail sales jumped 1.1% despite the potential weaknesses associated with lower real incomes.
	
	In the coming week, all of the attention will be focused on the release of the FOMC rate decision on Wednesday at 2 p.m. EDT. It is unlikely that the Fed pulls back its monthly asset purchases, but there is a chance that there will be discussion about explicit targeting for the end of the current LSAP program. But overall, ]]>
</description>
<content:encoded>
	<![CDATA[This past week we saw stocks generally meander higher to what seems like all-time highs at SPX (INDEXSP:.INX)1576. Generally, economic data was better for the week as retail sales jumped 1.1% despite the potential weaknesses associated with lower real incomes.
	
	In the coming week, all of the attention will be focused on the release of the FOMC rate decision on Wednesday at 2 p.m. EDT. It is unlikely that the Fed pulls back its monthly asset purchases, but there is a chance that there will be discussion about explicit targeting for the end of the current LSAP program. But overall, ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Trading Radar: Dow Makes New Highs, With Even Newer Highs in Sight]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/Dow-Makes-New-Highs-treasury-auction/3/8/2013/id/48627</link>
<pubDate>
			Fri, 8 Mar 2013 16:25:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/Dow-Makes-New-Highs-treasury-auction/3/8/2013/id/48627</guid>
<description>
<![CDATA[Markets continued to ramp higher this week, breaking new highs on the Dow Jones Industrial Average (INDEXDJX:.DJI) and approaching multi-year highs for the broader S&P 500 Index (INDEXSP:.INX). Jobs data for the week showed strong improvement, and the nonfarm payrolls report on Friday jumped to a monthly rate of 236,000 from the January report, which was revised down to 119,000 from 157,000. The unemployment rate dropped to 7.7% from 7.9% on the dual effect of citizens leaving the workforce and the strong increase in jobs. All indicators remained in bullish territory as money continued to make its way into the ]]>
</description>
<content:encoded>
	<![CDATA[Markets continued to ramp higher this week, breaking new highs on the Dow Jones Industrial Average (INDEXDJX:.DJI) and approaching multi-year highs for the broader S&P 500 Index (INDEXSP:.INX). Jobs data for the week showed strong improvement, and the nonfarm payrolls report on Friday jumped to a monthly rate of 236,000 from the January report, which was revised down to 119,000 from 157,000. The unemployment rate dropped to 7.7% from 7.9% on the dual effect of citizens leaving the workforce and the strong increase in jobs. All indicators remained in bullish territory as money continued to make its way into the ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Trading Radar: The Week of the Central Bank]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/Trading-Radar-central-bank-bank-of/3/1/2013/id/48490</link>
<pubDate>
			Fri, 1 Mar 2013 16:00:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/Trading-Radar-central-bank-bank-of/3/1/2013/id/48490</guid>
<description>
<![CDATA[This past week was packed with volatility. Though the options volatility index did not reflect it, US equities had their most volatile week in the past year with hourly stochastics hitting the extreme boundaries more than a dozen times. Surprisingly, even though the SPX (INDEXSP:.INX) traded across a 41-point range, it only gained 0.03% for the week. On Friday, the sequester officially went into effect with no compromise reached between the political parties.

Next week will be equally as active since the economic calendar in the US will be very robust. On Tuesday, the ISM non-manufacturing composite index will be ]]>
</description>
<content:encoded>
	<![CDATA[This past week was packed with volatility. Though the options volatility index did not reflect it, US equities had their most volatile week in the past year with hourly stochastics hitting the extreme boundaries more than a dozen times. Surprisingly, even though the SPX (INDEXSP:.INX) traded across a 41-point range, it only gained 0.03% for the week. On Friday, the sequester officially went into effect with no compromise reached between the political parties.

Next week will be equally as active since the economic calendar in the US will be very robust. On Tuesday, the ISM non-manufacturing composite index will be ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Trading Radar: S&P 500 Has First Weekly Decline This Year; Income and Manufacturing Data Ahead]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/trading-radar-economic-reports-earnings-season/2/22/2013/id/48323</link>
<pubDate>
			Fri, 22 Feb 2013 16:25:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/trading-radar-economic-reports-earnings-season/2/22/2013/id/48323</guid>
<description>
<![CDATA[Equities sold off hard this week as the minutes from the FOMC&#39;s January meeting showed a more nervous and hawkish FOMC than had previously been seen, less than six weeks after adding $45 billion to its monthly LSAP. However, Treasuries remained relatively flat and traded up marginally to short-term resistance. Economic data was moderate to slightly worse, with the notable report being the Philadelphia Fed regional manufacturing report, which showed serious contraction.
	
	Over the weekend, Italy will hold elections for its Prime Minister and upper and lower houses of Parliament. The current frontrunner is Luigi Bersani whose ideals track closely ]]>
</description>
<content:encoded>
	<![CDATA[Equities sold off hard this week as the minutes from the FOMC&#39;s January meeting showed a more nervous and hawkish FOMC than had previously been seen, less than six weeks after adding $45 billion to its monthly LSAP. However, Treasuries remained relatively flat and traded up marginally to short-term resistance. Economic data was moderate to slightly worse, with the notable report being the Philadelphia Fed regional manufacturing report, which showed serious contraction.
	
	Over the weekend, Italy will hold elections for its Prime Minister and upper and lower houses of Parliament. The current frontrunner is Luigi Bersani whose ideals track closely ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Trading Radar: Holiday-Shortened Week Ahead]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/Holiday-Shortened-Week-Ahead-trading-radar/2/15/2013/id/48179</link>
<pubDate>
			Fri, 15 Feb 2013 16:08:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/Holiday-Shortened-Week-Ahead-trading-radar/2/15/2013/id/48179</guid>
<description>
<![CDATA[The S&P 500 (INDEXSP:.INX) finished the week right where it started and traded in a small range throughout the week. The notable economic datapoint from the week was the inline retail sales for January. Retail sales rose 0.1% month-to-month, inline with expectations and not showing a slowdown associated with increased taxes.

On Monday, US markets will be closed for Presidents&#39; Day. US futures markets will be open for a half day, however.

Looking forward, we see housing related data in the weak ahead. On Tuesday is the NAHB Housing Market Index, the survey of real estate agents&#39; and homebuilders&#39; outlook ]]>
</description>
<content:encoded>
	<![CDATA[The S&P 500 (INDEXSP:.INX) finished the week right where it started and traded in a small range throughout the week. The notable economic datapoint from the week was the inline retail sales for January. Retail sales rose 0.1% month-to-month, inline with expectations and not showing a slowdown associated with increased taxes.

On Monday, US markets will be closed for Presidents&#39; Day. US futures markets will be open for a half day, however.

Looking forward, we see housing related data in the weak ahead. On Tuesday is the NAHB Housing Market Index, the survey of real estate agents&#39; and homebuilders&#39; outlook ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Trading Radar: Blizzard Edition]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/economic-data-earnings-reports-econ-data/2/8/2013/id/48008</link>
<pubDate>
			Fri, 8 Feb 2013 16:17:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/economic-data-earnings-reports-econ-data/2/8/2013/id/48008</guid>
<description>
<![CDATA[This past week was a bit slower as there was little economic data to move the market. Friday&#39;s trade balance showed a large increase in exports for December, which boosted the market to gain half a percent.
	
	Next week will have a few more important economic metrics from January. Advance retail sales on Wednesday is the real highlight of the week. Throughout January, consumer confidence figures trended down as consumers pulled back on spending due to an increase in taxes or an unsatisfactory resolution to the fiscal budget. Expectations are already low at 0.1% month-to-month, down from 0.5% last month, ]]>
</description>
<content:encoded>
	<![CDATA[This past week was a bit slower as there was little economic data to move the market. Friday&#39;s trade balance showed a large increase in exports for December, which boosted the market to gain half a percent.
	
	Next week will have a few more important economic metrics from January. Advance retail sales on Wednesday is the real highlight of the week. Throughout January, consumer confidence figures trended down as consumers pulled back on spending due to an increase in taxes or an unsatisfactory resolution to the fiscal budget. Expectations are already low at 0.1% month-to-month, down from 0.5% last month, ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Trading Radar: ECB Rate Hike on the Horizon?]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/Trading-Radar-ECB-Rate-Hike-economic/2/1/2013/id/47841</link>
<pubDate>
			Fri, 1 Feb 2013 16:15:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/Trading-Radar-ECB-Rate-Hike-economic/2/1/2013/id/47841</guid>
<description>
<![CDATA[US equities shot up on Friday after November and December&#39;s jobs data showed a bigger increase than had been previously reported. For January, nonfarm payrolls were about inline with expectations and the market reacted favorably to this news. Treasuries, which rallied hard only to reverse lower for a negative weekly finish. The ISM manufacturing index showed a big increase, in sync with the big increase of new orders and inventories we&#39;ve seen from the Chicago PMI and Markit PMI indexes.

Next week is lighter on the economic data scale, with the major highlight being the the European Central Bank&#39;s monetary ]]>
</description>
<content:encoded>
	<![CDATA[US equities shot up on Friday after November and December&#39;s jobs data showed a bigger increase than had been previously reported. For January, nonfarm payrolls were about inline with expectations and the market reacted favorably to this news. Treasuries, which rallied hard only to reverse lower for a negative weekly finish. The ISM manufacturing index showed a big increase, in sync with the big increase of new orders and inventories we&#39;ve seen from the Chicago PMI and Markit PMI indexes.

Next week is lighter on the economic data scale, with the major highlight being the the European Central Bank&#39;s monetary ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Trading Radar: S&P 500 Makes New Highs, Jobs Week on the Horizon]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/trading-radar-earnings-season-tech-earnings/1/25/2013/id/47662</link>
<pubDate>
			Fri, 25 Jan 2013 16:58:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/trading-radar-earnings-season-tech-earnings/1/25/2013/id/47662</guid>
<description>
<![CDATA[Equities grinded to multi-year highs over the past holiday-shortened week as most economic data (besides the weekly initial jobless claims data) was weaker, though this is not entirely unexpected given the recent hurricane in the northeast. The existing and new home sales data were both notably weaker and the regional Fed surveys continued to show extreme weakness. Treasuries were stronger throughout the week, but were pummeled on Friday after European banks repaid a sizable sum of loans taken via the central bank&#39;s LTRO program and German bunds took a dive.

Next week is the monthly nonfarm payrolls report from the ]]>
</description>
<content:encoded>
	<![CDATA[Equities grinded to multi-year highs over the past holiday-shortened week as most economic data (besides the weekly initial jobless claims data) was weaker, though this is not entirely unexpected given the recent hurricane in the northeast. The existing and new home sales data were both notably weaker and the regional Fed surveys continued to show extreme weakness. Treasuries were stronger throughout the week, but were pummeled on Friday after European banks repaid a sizable sum of loans taken via the central bank&#39;s LTRO program and German bunds took a dive.

Next week is the monthly nonfarm payrolls report from the ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Trading Radar: Little Economic Data in the Week Ahead, but Apple Earnings on Wednesday]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/economic-data-AAPL-earnings-apple-earnings/1/18/2013/id/47520</link>
<pubDate>
			Fri, 18 Jan 2013 16:05:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/economic-data-AAPL-earnings-apple-earnings/1/18/2013/id/47520</guid>
<description>
<![CDATA[This past week, the Russell 2000 (INDEXRUSSELL:RUT) reached a new record high and the S&P 500 (INDEXSP:.INX) made new multi-year highs as housing and employment data was better. US financial earnings were led by investment banks Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) beating EPS estimates by a wide margin on the back of reduced headcount and compensation.

Next Monday, US markets will be closed for Martin Luther King, Jr. Day. However, global markets will be open. For the rest of the week, earnings data will have a bigger effect on the market&#39;s direction than economic data. There will be ]]>
</description>
<content:encoded>
	<![CDATA[This past week, the Russell 2000 (INDEXRUSSELL:RUT) reached a new record high and the S&P 500 (INDEXSP:.INX) made new multi-year highs as housing and employment data was better. US financial earnings were led by investment banks Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS) beating EPS estimates by a wide margin on the back of reduced headcount and compensation.

Next Monday, US markets will be closed for Martin Luther King, Jr. Day. However, global markets will be open. For the rest of the week, earnings data will have a bigger effect on the market&#39;s direction than economic data. There will be ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Wall Street Really Not Pleased With Mario Batali Over "Hitler" Jab]]></title>
<link>
			http://www.minyanville.com/mvpremium/2011/11/14/wall-street-really-not-pleased/</link>
<pubDate>
			Mon, 14 Nov 2011 10:08:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/mvpremium/2011/11/14/wall-street-really-not-pleased/</guid>
<description>
<![CDATA[So the old adage goes, don&#39;t bite the hand that feeds you.

However, last week,Â as covered byÂ Forbes, Mario Batali, a renowned chef who appears frequently on the Food Network and whose restaurants Babbo and Del Posto cater to the New York elite, made a serious faux pas. He mentioned Wall Street bankers and two of the most famous dictators of all time, Hitler and Stalin, in the same sentence. Could this have been a simple misunderstanding or a serious mistake with unintended consequences?Â 
Â 
While his intent may have been innocent, the visceral reaction wasn&#39;t so forgiving. Investment bankers have ]]>
</description>
<content:encoded>
	<![CDATA[So the old adage goes, don&#39;t bite the hand that feeds you.

However, last week, as covered by Forbes, Mario Batali, a renowned chef who appears frequently on the Food Network and whose restaurants Babbo and Del Posto cater to the New York elite, made a serious faux pas. He mentioned Wall Street bankers and two of the most famous dictators of all time, Hitler and Stalin, in the same sentence. Could this have been a simple misunderstanding or a serious mistake with unintended consequences? 
 
While his intent may have been innocent, the visceral reaction wasn&#39;t so forgiving. Investment bankers have ]]>
</content:encoded>
			</item>
			</channel>
</rss>
		