David Gaffen on Muck Rack

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

Morning Bid with David Gaffen

blogs.reuters.com — There's a glut of various stresses operating in the markets right now: Europe's inability to get out of its own way, the sharp fall in oil prices that probably says more about supply issues and lackluster demand in Asian markets than the United States, the uncertain path of the Federal Reserve and a nagging concern that weak inflation figures show the economy really isn't healing all that much.

Morning Bid with David Gaffen

blogs.reuters.com — Time to sit up and pay attention. Monday's end-of-day regurgitation of 100,000 futures contracts in a five-minute span around 3:30 p.m. (1930 GMT) would have been more nerve-wracking had we not already seen the same thing writ small, when about 30,000 contracts were dumped in the waning seconds of last week's trading action.

Morning Bid with David Gaffen

blogs.reuters.com — The focus heading into this week is on earnings, with about 10 percent of the S&P 500 set to report results. That represents about 19 percent of the market capitalization, with reports from the likes of Intel, Wells Fargo, and a lot of the banks coming in the next few days.

Whither Jack Grubman?

online.wsj.com — With the trial of one outsized personality from the WorldCom era now in the books, thoughts flitter to the whereabouts of another: Jack Grubman. The former telecom kingmaker and friend of Bernard Ebbers, WorldCom's founder and onetime chief who was found guilty Tuesday for his role in the $11 billion accounting fraud that brought down WorldCom, had been mentioned as a potential witness.

Morning Bid with David Gaffen

blogs.reuters.com — Heading into the end of a violent week and ahead of a slew of earnings reports, the market has swung from one extreme to another, as the average daily move in the S&P 500 rises dramatically, as futures promise another big drop at the open Friday, and as investors try to take stock of what's happening here in their beloved stock market.

Speak softly, and carry a big helicopter

blogs.reuters.com — Days like Wednesday are the ones that remind investors why the Federal Reserve is what it is, and how some believe the other world central banks cannot compete, even as some expect the European Central Bank and Bank of Japan (to an extent) to take up the slack the Fed will leave behind when it ends quantitative easing in the next weeks and prepares for its first interest-rate hike some time in the third quarter.

Morning Bid with David Gaffen

blogs.reuters.com — Just when the market thought it was out, it got pulled back in. The Federal Reserve will release its minutes later in the day that details what it was thinking during its most recent September policy meeting, but of late, the markets have been of a mind that the expectations for higher rates ought to be tempered a bit.

U.S. job openings at highest level since 2001

reuters.com — Credit: Reuters/Lucy Nicholson Recruiters wait at a booth at a military veterans' job fair in Carson, California October 3, 2014. The data for July were revised downward to show a seasonally adjusted 4.605 million job openings. Job openings are used to measure labor demand.

Morning Bid with David Gaffen

blogs.reuters.com — Beware of companies tying their fortunes to one company - something both the debt and equity holders of GTAT Advanced Technologies learned painfully on Monday, when the company filed for bankruptcy. While it's nice to look ahead at the rest of the world, the mechanics behind some of the selling is so severe that it's worth delving into just a little bit here.

Morning Bid with David Gaffen

blogs.reuters.com — The preparation for tighter U.S. monetary policy is showing up in markets in a number of areas, most notably through the appreciation of the dollar which has a greater affect on GDP growth than people sometimes realize.
More Articles →
Oct 17, 2014

RT @WatchersOTWall: Do you ever just think, "Alexander Siddig really IS playing Doran Martell" and die all over again? #GameOfThrones

Oct 16, 2014

What's up with the selling...and when is it time to buy? Gaffen & Garnick break it down here: reuters.com/video/2014/10/… @dianegarnick

Oct 16, 2014

RT @lisabernhard: $NFLX down $100/share (HBO, CBS snicker) & stocks' "fall cleaning" explained. @davidgaffen & @LianaBaker join show: http:…

Oct 16, 2014

RT @EDKrudy: As the saying goes: the link between economic reality and market stupidity broke down a long time ago

Oct 16, 2014

RT @ReutersLive: CDC director testifies before the House Energy and Commerce Committee on the Ebola. Watch LIVE: reut.rs/1xVDesT

Oct 16, 2014

@ivanhoff so the bottom first, then VIX normalizes? Or you start to see it simultaneously...

Oct 16, 2014

@ivanhoff there a development you look for to show that it's near the end? slow reversion?

Oct 16, 2014

RT @TomKloza: U.S. #gas prices now at $3.167 gal; lowest number since 2/22/2011. More drops coming, particularly in western states. media.gasbuddy.com

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