#Goldman, #Johnson&Johnson and #Yahoo beat EPS estimates. #CocaCola`s #EPS was in line with the EPS estimate, but the top-line (#revenue) figures disappointed. Even though Yahoo managed to beat the EPS forecasts, and here again the revenue figures couldn`t convince Wall Street. Overall the markets were down due to the capacity utilization, CPI #inflation and industrial production coming in better than expected/in line with expectations. In this phase, the mentality in the markets is: The worse, the better for stocks! The worse the economic foundation, the higher the probability of the continuation of money printing. #Bernanke is going to talk in front of Congress this week, where he is expected to give some hints concerning the further outlook on the #Fed`s monetary policy. The #oil price shrank along with stocks, while #gold and #silver were positive ---> due to inflation figures coming in better than expected?! Things are exciting and Trafalgar will keep you updated on its positions and the #markets in general. If you have any questions or comments, let us know.
Posted on: Tue, 16 Jul 2013 20:31:54 +0000
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