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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