While it’s not official yet, a private sector rescue of CIT is welcome news to many small businesses, especially many retailers and their vendors weeks before the back to school season begins. Also, many take cues from the trends in BTS in planning their year end holiday season and having CIT’s factoring business alive to fight another day hopefully provides a stable background for planning. The sigh of relief is evident in the rally in global equities, the rise in bond yields, the 7 week low in the $ index and subsequent rise in commodity prices. With the economic calendar light this week, attention will remain on both earnings and revenue season. Also this week, Bernanke gives his semi annual testimony on the economy and monetary policy in front of Congressional members. While the recent discussion on the Fed has been on QE and exit strategies, the fed funds rate at essentially zero and for how long is another dilemma for them.
Superman doesn’t have to be a public sector bureaucrat
July 20, 2009 7:45am by
This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers Please see disclosures here: https://ritholtzwealth.com/blog-disclosures/
Posted Under
UncategorizedPrevious Post
Week Ahead
What's been said:
Discussions found on the web: