Thursday, March 12, 2015

The Morning Call--Brief news update

The Morning Call

3/12/15

The Market
           
    Technical

      
    Fundamental

            Fed approved capital plans for 28 of 31 banks in second phase of latest stress test.  Two failed for ‘qualitative’ reasons and Bankamerica was given conditional authorization subject to it submitting revised plans in September.  Several banks had to re-do their plans before gaining consent.  Most announced last night their plans to raise their dividends and buy back stock (medium):        

            TBTF banks issuing preferred stock in order to fund share buybacks and pay dividends on common stock (medium):

            Would it be a mistake for the Fed to raise rates? (medium):

      News on Stocks in Our Portfolios
 
Economics

   This Week’s Data

            Weekly jobless claims fell 36,000 versus expectations of a decline of 11,000.

            February retail sales dropped 0.6% versus estimates of an increase of 0.3%; ex autos and gas, the numbers were -0.2% and +0.5% respectively.

   Other

            Thai central bank joins QE parade (medium):

            As did the central banks of South Korea.

            Bank of Japan has been aggressively buying Japanese stocks (medium):

Politics

  Domestic

  International

            US again escalates standoff in Ukraine (medium):

                        Nigel Farage rails against EU army to confront Russia (5 minute video):









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