David Gaffen on Muck Rack

David Gaffen Verified

New York
Editor-in-Charge of Markets — Reuters

I am currently editor of Reuters U.S. Markets; former writer of WSJ's MarketBeat Blog, author of Never Buy Another Stock Again.

The Fed and the Damage Done

blogs.reuters.com — The general sense from financial strategists and the commentators around them is to look at earnings reports like what was put out there from Caterpillar, Microsoft and a number of other big-name companies, see their disappointments (in part the result of the dollar's strength, which seems to have surprised the hell out of a lot of people, judging by the Tuesday selloff) and wonder why the Fed might consider holding the line with its "coming soon!"

Burger Time

blogs.reuters.com — Among the struggling companies in the storied Dow industrials sits McDonaldâs, which faces a level of competition that it hasnât for some time, from myriad regional rivals offering fresher ingredients (albeit often at a higher cost) like Habit Restaurants, Five Guys and rumored IPO candidate Shake Shack.

Like it or Lump it

blogs.reuters.com — The equity market has maintained something of a weak trend of late. Stocks have been uninspiring on days when the market goes up and more impressive in their declines, and the ongoing pain being felt around the globe, manifested in the commodity complexâs weakness, is still too much to bear when thinking about the stock market.

The 100,000 Year Event

blogs.reuters.com — The surprise move from the Swiss National Bank has had the effect of confusing a whole lot of people about a lot of things - the SNB's intentions, the timing, the ancillary effects, and who the losers are.

It’s All Technical (and options-related)

blogs.reuters.com — Sometimes, technicals and options can exploit and overwhelm investors even as the fundamentals get a little insane. Some of that happened on Tuesday and figures to remain in play through the end of the week, when we see options expire. The S&P 500 noticeably traded between about 2,000 to 2,050 on Tuesday.

Breaking down Tuesday's S&P breakdown

reuters.com — Then, in the space of an hour, all the day's gains vanished in a spate of high-volume selling, leaving investors once again with concerns about oil, global growth, and all of the market's other persistent fears of late.

The Madness of Crowded Trades

blogs.reuters.com — As the market enters the earnings season, there are some headwinds for various corners of the Standard & Poor's 500 .SPX, which itself still hovers just a few percentage points from all-time highs. The energy sector is, of course, going through a drastic repricing as markets for underlying commodities continue to fall.

Retail Therapy Amid Oil’s Decline

blogs.reuters.com — With same-store sales figures for December due out this week from more than 60 companies, it will be interesting to see if those names show any sort of kick in activity as a result of the decline in gasoline and heating costs.

The Fed Disconnect

blogs.reuters.com — There's something of a disconnect right now when it comes to the expectations the Fed will raise rates before long - the markets still see it as happening in late-2015, the most recent poll of primary dealers puts it in the mid-2015 area - and the way in which inflation expectations overall have dropped in the last few weeks, given the plunge in oil prices.

Begin Again

blogs.reuters.com — U.S. markets stumbled a little out of the gate in 2015, after a third year of double-digit gains. The market is having a weak go of it, and funds are moving over into the bond market to continue the now-into-three-years run of "are you kidding me with these yields" that's likely to confound more than a few people this year.
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Jan 28, 2015

RT @jennablan: Fed upbeat on U.S. economy despite global turmoil reut.rs/1CfESL2 via @reuters

Jan 28, 2015

Bond market rally mostly coalescing around idea of the mention of 'international' developments in statement, some buys in futures.

Jan 28, 2015

@DanielAlpert Nod to international events is about the most dovish part. The "medium term" thing is their way of looking past oil et al.

Jan 28, 2015

RT @mohannadaama: Not mentioning USD & Europe in statement leads one to believe the Fed thinks their impact is transitory - or that they ar…

Jan 28, 2015

John Silvia, Wells Fargo tells @reuters if Fed was going to wait to '16, "there would have been more emphasis on int'l events & dollar."

Jan 28, 2015

Fed pretty much trying to hang in there and not do too much...

Jan 28, 2015

What was "solid" job gains in December is now "strong" job gains. Make of that what you will...

Jan 28, 2015

Fed going to basically play the waiting game here...

Jan 28, 2015

All those years later, "The Entity" returneth: Russia considers creation of ‘bad bank’- FT.com on.ft.com/1JGvJMq @FT

Jan 28, 2015

@RudyHavenstein Right. Never mind that the stock lost 27% from 9/12 to 4/14, and S&P rose 27% in that time.

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