“What’s happening now is the global economic recovery story has become just as important as the dollar story, if not more,” said Adam Sarhan at Sarhan Capital in New York. “That’s the shift we’re starting to see now.”
“Today’s just a continuation of what we’ve been seeing for the past four months,” said Adam Sarhan, chief executive of Sarhan Capital. He pointed to four primary drivers for the gains: the improving economic recovery, easing worries over euro-zone debt, the Federal Reserve’s stimulus program, and optimism for U.S. companies’ fourth-quarter earnings reports.
“If we do have a strong Q4 earnings season, it’s going to bode well for equity markets in the near future,” Sarhan said. He noted Deutsche Bank’s upgrade of Alcoa comes a week before the company is set to kick off the earnings season.
Thursday December 23, 2010 08:44:19 AM GMT MARKETS-COMMODITIES Oil at 2-year high after sharp drop in US stockpiles * Grains at multi-month peak; copper off from record * Trading volumes stay thin as holidays get nearer * Coming up: US jobless claims data on Thursday By Barani Krishnan NEW YORK, Dec 22 (Reuters) – Oil…
Nov. 15, 2010, 10:32 a.m. EST By Donna Kardos NEW YORK (MarketWatch) — U.S. stocks rose Monday following better-than-expected retail sales, although the gains were limited by disappointing manufacturing data and a rise in inventories that investors fear might have been too big. The Dow Jones Industrial Average climbed 49 points, or 0.4% to 11241,…
WSJ – Why a Bad Jobs Report May Be Good for Stocks. Adam Sarhan media quote
Adam Sarhan quoted in Reuters about July’s nonfarm payrolls report and its impact on commodity markets.
By Frank Tang NEW YORK | Mon Aug 2, 2010 4:01pm EDT NEW YORK (Reuters) – Gold was largely flat on Monday after an initial rally fizzled, as solid gains in equity markets driven by strong economic sentiment took a toll on the metal’s safe-haven appeal. Silver and platinum group metals rose sharply on better…
Adam Sarhan on consumer confidence, Richmond-area manufacturing and S&P Case Shiller Home Price Index.
Sarhan Media Quote: Reuters- Gold undermined by stronger dollar
Early US copper sinks on slower manufacturing data.