Archive for August 20th, 2010

European Bond Spreads Remain Elevated

| August 20, 2010

The Atlanta Federal Reserve reported that European bond spreads continue to hold at elevated levels. “Since August 9, the 10-year Greece-to-German bond spread has risen 93 basis points (bps) through August 17. Likewise, Portugal’s bond spreads rose 32 bps, Italy’s rose 16 bps, Spain’s rose 21 bps, and Ireland’s rose 42 bps during the same […]

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Loan Modification Program Remains Stalled

| August 20, 2010

The US Treasury reported the results of its Making Home Affordable Program (HAMP) for July, and it continues to make little progress with new participants. Only 17,000 new trial modifications were processed in July, down from about 150,000 last September. The following graph from the report shows that the cumulative number of trials has not […]

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Short-term Forecast for August 20, 2010

| August 20, 2010

Stock Daily Chart Analyses The following daily chart analyses provide short-term forecasts for the stock markets that we monitor. For intermediate-term outlooks see the latest weekly review, and for long-term outlooks see the big picture update. The S&P 500 Index The index closed moderately lower today, moving down to a new low for the short-term […]

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