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    <title type="text">Commentary</title>
    <subtitle type="text">Commentary:</subtitle>
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    <updated>2009-07-03T05:44:46Z</updated>
    <rights>Copyright (c) 2009, SCP Editor</rights>
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    <id>tag:smallcappulse.com,2009:07:03</id>


    <entry>
      <title>Weekly Jobless Claims and Nonfarm Payrolls Reports Disappoint</title>
      <link rel="alternate" type="text/html" href="http://www.smallcappulse.com/index.php/site/weekly_jobless_claims_and_nonfarm_payrolls_reports_disappoint/" />
      <id>tag:smallcappulse.com,2009:index.php/commentary/view/3.785</id>
      <published>2009-07-03T04:40:01Z</published>
      <updated>2009-07-03T05:44:46Z</updated>
      <author>
            <name>SCP Editor</name>
            <email>tpitcher@smallcappulse.com</email>
                  </author>

      <category term="Economy"
        scheme="http://www.smallcappulse.com/index.php/site/C5/"
        label="Economy" />
      <content type="html"><![CDATA[
        July 2, 2009 - THE EMPLOYMENT SITUATION:  JUNE 2009 - This morning's jobless data is a reminder that there are still heavy headwinds facing the U.S. economy. While most take the labor data as a lagging indicator, we don't buy it in this case. As more people lose their jobs, and feel less security, they will be holding onto their pocketbooks that much tighter and you can expect that this is going to negatively impact retail data and any recovery in GDP. After all, consumers represent more than 70% of GDP. 
      ]]></content>
    </entry>

    <entry>
      <title>Markets to Open Lower on Worse Than Expected Employment Data</title>
      <link rel="alternate" type="text/html" href="http://www.smallcappulse.com/index.php/site/markets_to_open_lower_on_worse_than_expected_employment_data/" />
      <id>tag:smallcappulse.com,2009:index.php/commentary/view/3.784</id>
      <published>2009-07-03T04:37:00Z</published>
      <updated>2009-07-03T05:39:54Z</updated>
      <author>
            <name>SCP Editor</name>
            <email>tpitcher@smallcappulse.com</email>
                  </author>

      <category term="Market"
        scheme="http://www.smallcappulse.com/index.php/site/C4/"
        label="Market" />
      <content type="html"><![CDATA[
        July 2, 2009 – The futures are moving lower this morning on what will likely be a lightly traded session ahead of the July 4 weekend (markets closed tomorrow). The primary culprit is the labor market. Both the weekly jobless claims and the nonfarm payrolls report came in worse than expected, a reminder that the situation in the economy remains dismal. 
      ]]></content>
    </entry>

    <entry>
      <title>Markets to Open Higher Despite Worse Than Expected ADP Employers Report</title>
      <link rel="alternate" type="text/html" href="http://www.smallcappulse.com/index.php/site/markets_to_open_higher_despite_worse_than_expected_adp_employers_report/" />
      <id>tag:smallcappulse.com,2009:index.php/commentary/view/3.783</id>
      <published>2009-07-02T04:38:01Z</published>
      <updated>2009-07-02T05:43:29Z</updated>
      <author>
            <name>SCP Editor</name>
            <email>tpitcher@smallcappulse.com</email>
                  </author>

      <category term="Market"
        scheme="http://www.smallcappulse.com/index.php/site/C4/"
        label="Market" />
      <content type="html"><![CDATA[
        July 1, 2009 – The futures are pointing to higher openings this morning for the broader markets, despite the worse-than-expected ADP Employer Services report for June. 
      ]]></content>
    </entry>

    <entry>
      <title>Consumer Confidence Declined in June</title>
      <link rel="alternate" type="text/html" href="http://www.smallcappulse.com/index.php/site/consumer_confidence_declined_in_june/" />
      <id>tag:smallcappulse.com,2009:index.php/commentary/view/3.782</id>
      <published>2009-07-01T05:40:00Z</published>
      <updated>2009-07-01T06:43:19Z</updated>
      <author>
            <name>SCP Editor</name>
            <email>tpitcher@smallcappulse.com</email>
                  </author>

      <category term="Economy"
        scheme="http://www.smallcappulse.com/index.php/site/C5/"
        label="Economy" />
      <content type="html"><![CDATA[
        June 30, 2009 - Consumer Confidence is going in the wrong direction. In terms of key economic data out today, this morning’s consumer confidence report is a splash of cold water on the Street’s optimism that it was trying build after better than expected housing data. 
      ]]></content>
    </entry>

    <entry>
      <title>Housing Data Better Than Expected</title>
      <link rel="alternate" type="text/html" href="http://www.smallcappulse.com/index.php/site/housing_data_better_than_expected/" />
      <id>tag:smallcappulse.com,2009:index.php/commentary/view/3.781</id>
      <published>2009-07-01T05:07:00Z</published>
      <updated>2009-07-01T06:13:22Z</updated>
      <author>
            <name>SCP Editor</name>
            <email>tpitcher@smallcappulse.com</email>
                  </author>

      <category term="Economy"
        scheme="http://www.smallcappulse.com/index.php/site/C5/"
        label="Economy" />
      <content type="html"><![CDATA[
        June 30, 2009 - This morning's housing data indicates that while housing prices are still dismal, they are improved over the last month. This will add to the growing view that the economy has bottomed. Foreclosure increases and rising unemployment have been weighing on housing prices, adding to the oversupply in the market which has caused new homes to remain on the market almost 12 months after being built. Later this week we will get the nonfarm payrolls report data which is expected to show that unemployment increased to 9.6%. 
      ]]></content>
    </entry>

    <entry>
      <title>Markets Set to Extend Yesterday&#8217;s Gains at Open</title>
      <link rel="alternate" type="text/html" href="http://www.smallcappulse.com/index.php/site/markets_set_to_extend_yesterdays_gains_at_open/" />
      <id>tag:smallcappulse.com,2009:index.php/commentary/view/3.780</id>
      <published>2009-07-01T05:00:01Z</published>
      <updated>2009-07-01T06:02:06Z</updated>
      <author>
            <name>SCP Editor</name>
            <email>tpitcher@smallcappulse.com</email>
                  </author>

      <category term="Market"
        scheme="http://www.smallcappulse.com/index.php/site/C4/"
        label="Market" />
      <content type="html"><![CDATA[
        June 30, 2009 – The futures are indicating higher this morning ahead of the Conference Board’s Consumer Confidence Index report and as the Street digests the latest housing data. 
      ]]></content>
    </entry>

    <entry>
      <title>Markets Point to Slightly Higher Openings &#45; No Real Bullish Catalysts in Place Though</title>
      <link rel="alternate" type="text/html" href="http://www.smallcappulse.com/index.php/site/markets_point_to_slightly_higher_openings_no_real_bullish_catalysts_in_plac/" />
      <id>tag:smallcappulse.com,2009:index.php/commentary/view/3.778</id>
      <published>2009-05-01T12:21:00Z</published>
      <updated>2009-05-01T13:23:56Z</updated>
      <author>
            <name>SCP Editor</name>
            <email>tpitcher@smallcappulse.com</email>
                  </author>

      <category term="Market"
        scheme="http://www.smallcappulse.com/index.php/site/C4/"
        label="Market" />
      <content type="html"><![CDATA[
        May 1, 2009 – The futures are indicating modestly higher openings this morning for the broader markets as the Street contemplates the implications of a delay in releasing the so-called ‘stress-test’ results for the banking sector so banks can debate the findings. The results were originally scheduled for release on May 4. 
      ]]></content>
    </entry>

    <entry>
      <title>Markets to Open Higher &#45; Counting on the Worst Being Behind the Economy at this Point</title>
      <link rel="alternate" type="text/html" href="http://www.smallcappulse.com/index.php/site/markets_to_open_higher_counting_on_the_worst_being_behind_the_economy_at_th/" />
      <id>tag:smallcappulse.com,2009:index.php/commentary/view/3.775</id>
      <published>2009-04-30T12:24:00Z</published>
      <updated>2009-04-30T13:27:48Z</updated>
      <author>
            <name>SCP Editor</name>
            <email>tpitcher@smallcappulse.com</email>
                  </author>

      <category term="Market"
        scheme="http://www.smallcappulse.com/index.php/site/C4/"
        label="Market" />
      <content type="html"><![CDATA[
        April 30, 2009 – The futures are pointing to higher openings this morning for the broader markets. Initial jobless claims were forecast to come in at 640,000, and came in at 631,000.  While personal income and spending fell more than expected, down 0.3% and 0.2%, respectively. The futures moved higher on the news.  The data is still really bad, it is just not as bad as it was. Pundits and analysts are saying, with respect to a move in jobless claims below 600,000 would be a key indication that the economy is, in fact turning the corner. 
      ]]></content>
    </entry>

    <entry>
      <title>Street Looks Past Larger Than Expected Contraction in Q1 GDP and Focuses Hopes for Q2</title>
      <link rel="alternate" type="text/html" href="http://www.smallcappulse.com/index.php/site/street_looks_past_larger_than_expected_contraction_in_q1_gdp_and_focuses_ho/" />
      <id>tag:smallcappulse.com,2009:index.php/commentary/view/3.772</id>
      <published>2009-04-29T12:06:00Z</published>
      <updated>2009-04-29T13:10:02Z</updated>
      <author>
            <name>SCP Editor</name>
            <email>tpitcher@smallcappulse.com</email>
                  </author>

      <category term="Market"
        scheme="http://www.smallcappulse.com/index.php/site/C4/"
        label="Market" />
      <content type="html"><![CDATA[
        April 29, 2009 – The futures are indicating higher openings for the broader markets today, despite reports that the swine flu is spreading with the first death being reported in the US. In addition to earnings reports, the focus this morning has been on a report due on Q1 GDP showing the pace of the contraction in the US economy slowed, which would be a hopeful signal. 
      ]]></content>
    </entry>

    <entry>
      <title>Markets to Open Lower &#45; WSJ Paints Dim Picture on Banks</title>
      <link rel="alternate" type="text/html" href="http://www.smallcappulse.com/index.php/site/markets_to_open_lower_wsj_paints_dim_picture_on_banks/" />
      <id>tag:smallcappulse.com,2009:index.php/commentary/view/3.770</id>
      <published>2009-04-28T12:25:00Z</published>
      <updated>2009-04-28T13:29:40Z</updated>
      <author>
            <name>SCP Editor</name>
            <email>tpitcher@smallcappulse.com</email>
                  </author>

      <category term="Market"
        scheme="http://www.smallcappulse.com/index.php/site/C4/"
        label="Market" />
      <content type="html"><![CDATA[
        April 28, 2009 – The futures are indicating lower openings for the broader markets as the Street contemplates the ramifications of the swine flu pandemic on global markets, more earnings reports, the conditions of the banking sector and ahead of the day’s economic data. 
      ]]></content>
    </entry>

    <entry>
      <title>Markets to Open Lower &#45; More Earnings in Focus, Swine Flu and GM Restructuring</title>
      <link rel="alternate" type="text/html" href="http://www.smallcappulse.com/index.php/site/markets_to_open_lower_more_earnings_in_focus_swine_flu_and_gm_restructuring/" />
      <id>tag:smallcappulse.com,2009:index.php/commentary/view/3.767</id>
      <published>2009-04-27T12:21:00Z</published>
      <updated>2009-04-27T13:23:46Z</updated>
      <author>
            <name>SCP Editor</name>
            <email>tpitcher@smallcappulse.com</email>
                  </author>

      <category term="Market"
        scheme="http://www.smallcappulse.com/index.php/site/C4/"
        label="Market" />
      <content type="html"><![CDATA[
        April 27, 2009 – The futures are indicating sharply lower openings this morning ahead of another busy week of earnings, and on amidst concern about a deadly swine flu outbreak in Mexico that poses a global threat, and a threat to derail a global economic recovery. 
      ]]></content>
    </entry>

    <entry>
      <title>Apire Misery Index for the Week Ended April 24, 2009</title>
      <link rel="alternate" type="text/html" href="http://www.smallcappulse.com/index.php/site/apire_misery_index_for_the_week_ended_april_24_2009/" />
      <id>tag:smallcappulse.com,2009:index.php/commentary/view/3.766</id>
      <published>2009-04-25T13:01:00Z</published>
      <updated>2009-04-25T14:03:12Z</updated>
      <author>
            <name>SCP Editor</name>
            <email>tpitcher@smallcappulse.com</email>
                  </author>

      <category term="Economy"
        scheme="http://www.smallcappulse.com/index.php/site/C5/"
        label="Economy" />
      <content type="html"><![CDATA[
        April 25, 2009 – All things being equal, stocks held up pretty well in a busy week of earnings season, on a cautiously widening sense that the pace of the erosion in the economy may be slowing down – and indication that we are turning the corner? Time will tell, but it is tough to get to hopeful when the labor market continues to show signals that unemployment is on the rise. Contrary to many, if not most experts and pundits, we think unemployment is a leading, not lagging indicator. 
      ]]></content>
    </entry>

    <entry>
      <title>Markets To Get a Lift at Open on Ford Report, Better Than Expected Durable Goods</title>
      <link rel="alternate" type="text/html" href="http://www.smallcappulse.com/index.php/site/markets_to_get_a_lift_at_open_on_ford_report_better_than_expected_durable_g/" />
      <id>tag:smallcappulse.com,2009:index.php/commentary/view/3.764</id>
      <published>2009-04-24T11:31:00Z</published>
      <updated>2009-04-24T12:33:03Z</updated>
      <author>
            <name>SCP Editor</name>
            <email>tpitcher@smallcappulse.com</email>
                  </author>

      <category term="Market"
        scheme="http://www.smallcappulse.com/index.php/site/C4/"
        label="Market" />
      <content type="html"><![CDATA[
        April 24, 2009 – The futures turned into positive territory this morning on better-than-expected results from Ford. Prior to the release from Ford the focus was more downbeat, on what results the so-called ‘stress test’ will be for the banking sector and whether the US economy has turned the corner, or has just taken a respite lately, in a longer-term recessionary cycle. Durable goods orders for March came in down 0.8%, better than expected. 
      ]]></content>
    </entry>

    <entry>
      <title>Jobless Claims In&#45;Line, and a Few Notable Earnings Beats Should Lift Stocks at Open</title>
      <link rel="alternate" type="text/html" href="http://www.smallcappulse.com/index.php/site/jobless_claims_in_line_and_a_few_notable_earnings_beats_should_lift_stocks_/" />
      <id>tag:smallcappulse.com,2009:index.php/commentary/view/3.762</id>
      <published>2009-04-23T12:12:00Z</published>
      <updated>2009-04-23T13:14:18Z</updated>
      <author>
            <name>SCP Editor</name>
            <email>tpitcher@smallcappulse.com</email>
                  </author>

      <category term="Market"
        scheme="http://www.smallcappulse.com/index.php/site/C4/"
        label="Market" />
      <content type="html"><![CDATA[
        April 23, 2009 – The futures are indicating higher openings for the broader markets this morning as the Street reacts to a number of better-than-expected earnings reports and breathes a sigh of relief that the weekly jobless claims didn’t come in higher than expected. 
      ]]></content>
    </entry>

    <entry>
      <title>Markets to Open Lower &#45; Morgan Stanley Loss Dampens Mood</title>
      <link rel="alternate" type="text/html" href="http://www.smallcappulse.com/index.php/site/markets_to_open_lower_morgan_stanley_loss_dampens_mood/" />
      <id>tag:smallcappulse.com,2009:index.php/commentary/view/3.759</id>
      <published>2009-04-22T12:32:00Z</published>
      <updated>2009-04-22T13:34:10Z</updated>
      <author>
            <name>SCP Editor</name>
            <email>tpitcher@smallcappulse.com</email>
                  </author>

      <category term="Economy"
        scheme="http://www.smallcappulse.com/index.php/site/C5/"
        label="Economy" />
      <content type="html"><![CDATA[
        April 22, 2009 – The futures are pointing to lower openings this morning in the broader markets, as the Street grapples with another stacked day of earnings reports. Morgan Stanley’s worse-than-expected report set a negative tone overall. In the housing market, Realty Trac reported this morning that the number of US households facing foreclosure increase 24% in the Q1 and is expected to increase further. 
      ]]></content>
    </entry>


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