Written May 6, 2017 by
Jack Bouroudjian
Chief Economist

Jack talks about the jobs number which came out better than expected and tells us to watch oil as an indicator because of the extreme volatility.

 

 

Written May 4, 2017 by
Jack Bouroudjian
Chief Economist

Between the FED announcement, earnings and Friday’s unemployment number, Jack tells us we need to be very careful this week.  The falling price of crude is also something to watch because of the ancillary effects on other markets.

 

 

Written May 2, 2017 by
Jack Bouroudjian
Chief Economist

We’re seeing the appropriate signs of earnings growth, but the real question is whether the economy will show lasting signs of improvement. With the jobs report Friday, Jack Bouroudjian says this could be a year to “hedge in May and walk away.”

 

 

Written May 1, 2017 by
Jack Bouroudjian
Chief Economist

Friday was the last trading day of the month. That means we’re officially in May when, traditionally, it’s time to sell and walk away. Next week we’ll begin to see whether that attitude comes to fruition this year. Jack Bouroudjian gives us a couple of things we should be watching next week that have traders’ eye.

 

 

Written April 27, 2017 by
Jack Bouroudjian
Chief Economist

Jack talks about the buying which came in on T + 3 for the month of April and explains what the Secretary of the Treasury proposed in Tax reform.

 

Written April 25, 2017 by
Jack Bouroudjian
Chief Economist

Jack reminds us of the headline risk running the price action in the markets along with the coming end of the month.  Focus will continue to be on developments out of Europe and corporate earnings.

 

Written April 24, 2017 by
Jack Bouroudjian
Chief Economist

Earnings and headline risk seem to be taking center stage.  Although earnings are strong, geopolitical concerns are keeping a lid on equity prices.  Keep an eye on developments out of Europe this weekend.

 

Written April 20, 2017 by
Jack Bouroudjian
Chief Economist

Jack discusses the start of earnings season and the release of the Beige book.  He also points out that this is a very conflicted time for the FED between the action in the interest rates and the economic releases.

 

Written April 19, 2017 by
Jack Bouroudjian
Chief Economist

In a recent press release, Launch of Cloud Exchange brings Equinix’s investment in Ireland to more than €18.5M, the concepts of an exchange to better serve end users comes through loud and clear.  Unfortunately, although Equinix is on the right path, this solution is not the entire answer. Being a conduit for multi cloud service providers is great if you simply want to list the best prices for infrastructure.  To have a real exchange however, both sides of the market-supply and demand-need to function efficiently.  In other words, a real exchange is a price discovery mechanism.  For the participants to grasp the full power of a centralized and on demand exchange it is essential to allow both the buying and selling of compute resources in a standardized manner, where consistently in unit and product offering measurement is possible. Here,UCX is the answer.

The Equinix’s of the world deserve credit as they seem to be working towards the right conclusion, but the ultimate answer will be an open, transparent marketplace.  Cloud utilization has already been commoditized. The Equinix model demonstrates this along with thousands of other new Fintech companies around the world.  What the market needs is a centralized, two-sided spot marketplace.  We are witnessing the inevitable evolution of compute resources traded as a simple commodity. Much like the buying and selling of stocks, bonds, crude oil or electricity, UCX, and the markets we are creating,  is the solution. The time is now!

Written April 17, 2017 by
Jack Bouroudjian
Chief Economist

Now that tax season is behind us, the headwinds which hit the market in April should diminish.  Focus will turn to earnings and the anticipated year over year growth in bottom line numbers.