David Gerstenhaber- Macro View on the Markets
Airtime: Wed. Aug. 4 2010 |
Insight on the markets now, with David Gerstenhaber, Argonaut Capital Management.

Airtime: Wed. Aug. 4 2010 |
Insight on the markets now, with David Gerstenhaber, Argonaut Capital Management.

President Barack Obama speaks before the Budget Deficit Commission.

Charts: Beware of Euro Dips vs Dollar. The euro is likely to continue its rise against the dollar in the long term, but investors should watch out for setbacks in the near term, Royce Tostrams, technical analyst at Tostrams Groep, told CNBC Friday.

Looking at the market, since Monday’s follow-through day, the market and a batch of leading stocks, steadily rallied which is a healthy sign. The fact that we have not seen any serious distribution days show up since Monday’s FTD bodes well for this nascent rally. It is also a welcome sign to see the market continue to improve as investors digest the latest round of stronger than expected economic and earnings data. Remember that now that a new rally has been confirmed, the window is open to start buying high quality breakouts. Trade accordingly.

Even if Julia Gillard takes over the PM seat in Australia, the proposed mining tax will still remain, says Colin Chapman, Asia Pacific VP at Strategic Forecasting. He makes his case to Brian Coulton of Fitch Ratings, CNBC’s Martin Soong, Karen Tso & Sri Jegarajah.

Discussing today’s jobs data, with Milton Ezrati, Lord Abbett, and Carl Riccadonna, Deutsche Bank.

With the Bank of Japan set to ease policy again, Masayuki Kichikawa, chief Japan economist at Merrill Lynch, discusses the options the central bank has in its toolbox. He speaks to CNBC’s Sri Jegarajah & Karen Tso.