David Moenning

Good morning. As a rule, I try not to read too terribly much into a “Fed Day” as there is usually a big batch of volatility that may or may not mean much of anything come the dawn of the next day. Maybe, it’s just me. Or maybe there are others that find themselves inclined to simply stand aside and watch the nuttiness from the sidelines on “Fed Days.” But in any event, the volatility after a Fed announcement, while fun to watch, may not be telling as to what to expect in the future.

But if volatility is the name of your game, then yesterday’s “Fed Day” was your kind of day. We got a rally of nearly 150 points out of the gate then a dive after the Fed statement, a quick bounce back up of 90 points to the high of the day, and then a plunge ...

Good morning. The recent wild ride on Wall Street continued yesterday as the Dow’s swing of 181 points intraday definitely kept everyone on their toes. And while the focus in the market had been all about the earnings reports and whether or not Corporate America could deliver some top-line growth, it now appears that the focus has shifted to the charts of the dollar and the banks.

Stocks enjoyed a nice pop out of the gate yesterday on the back of more good economic news out of China, where the PMI grew at the fastest rate in eight years. The bulls then wasted little time in celebrating some good news here at home as the reports from the ISM Manufacturing Index as well as Pending Home Sales and Construction Spending all came in well above expectations. And with the better economic news came some selling in the dollar. Thus, before ...

After weeks of economic data and earnings reports being adorned with the words "better than expected," it appears the tide has turned lately as the preface to the majority of data over the past couple weeks has been just the opposite. In other words, just about the time investors became convinced that the economy was indeed improving and that the letter best used to describe the rebound was a "V," the data turned punk; raising questions about the recovery, the holiday shopping season, and the outlook for earnings going forward.

After Tuesday's disappointing drop in Consumer Confidence, the bulls were looking to the report on New Home Sales to get the momentum moving back in their direction. However, this one also came in well below expectation as sales of new homes unexpectedly fell -3.6% in September, when analysts had expected to see an increase of +2.6%. Speaking of surprises, it ...

Like a moth to a flame, we can't seem to avoid listening to what Nouriel Roubini has to say. Yes, we know he’s a perma-bear. And yes, we recognize that he has made at least one good call in a row. But from a publisher’s standpoint, there is usually a good headline in any interview he does. So, whenever we see that snarling face on TV, we are compelled to turn up the volume.

Monday on CNBC's Squawk Box, Roubini didn't disappoint, labeling what is happening in the markets right now "the mother of all carry trades." In case you don't spend your days crisscrossing the globe looking for ways to exploit interest ...

Good morning. Stocks headed higher out of the gate on Monday on the back of some better than expected economic news out of South Korea (of all places). And before I could find my second Diet Coke of the morning, the Dow was pushing higher by more than 100 points. So, with traders assuming that if South Korea can grow its economy, the U.S. should be able to as well, it looked like Friday’s economic fears were long gone and happy days were here again.

But then it happened. At about 11:05 am eastern time, the rally abruptly ended and stocks began to dive in a manner we haven’t experienced since early March. Within 15 minutes the gains in the stock market were gone. And 30 minutes after that, the Dow found itself down triple digits.

Since I’ve gone out of my way lately to opine that stocks don’t make ...