1. Send comments or questions.
  2. Full Name*
    Please enter your full name.
  3. Company*
    Please enter your company
  4. E-mail*
    Invalid email address.
  5. Phone #
    Invalid Input
  6. Subject*
    Please make a selection
  7. Comments
    Invalid Input
  8. *
    Just a simple security measure to prove you are a human.
  9. * = Required

U.S. Stocks - Wall St extends gains ahead of Friday's payrolls data

July 2, 2013
Reuters

U.S. stocks rose for a second day on Tuesday, helped by strong June car sales, while concerns receded about the Federal Reserve's plans to pare its massive bond-buying program. "We're finally getting a breath of fresh air, some relief, after two weeks of taper drama," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago. "I think a lot of leverage is out of the Street, a lot of speculation is out of the market, and I think it's going to be quiet until we get to the unemployment number on Friday."

View Full Article

Prosperity Bancshares stays in a buying mood

July 1, 2013
Houston Chronicle

Houston's Prosperity Bancshares has been on a merger tear in the past 18 months, announcing seven deals including one on Monday. But the latest - an agreement worth nearly $380 million to buy First Victoria National Bank - has been brewing for years. Dan Bass, managing director of investment banking with Performance Trust, called Prosperity one of the "darlings" of the banking industry right now because of its ability to negotiate deals at a good price and successfully integrate companies. "They are a machine. They are striking while the iron is hot and doing a number of transactions," Bass said of Prosperity. "This is not the biggest deal they have done, but it is a sizable deal. They are starting to see bigger deals now and those move the needle more. They are getting larger quickly."

View Full Article

Illinois pays the price for ignoring pension crisis

June 25, 2013
The Associated Press

Largely because of its unfunded retirement plans, Illinois has replaced longtime bottom-dweller California as having the lowest credit rating of any state. So when Illinois tries to borrow money, it faces the same problem as the spendthrift cousin: far higher interest rates. "There are investors who won't buy Illinois or bonds with Illinois labels at any price. They just see it as toxic," said Brian Battle, director at Performance Trust Capital Partners, a Chicago-based investment firm. That means the state pays "the biggest penalty by a long, long shot."

View Full Article

Stocks End Down 1%, Dow Drops 100 in Choppy Session; All S&P Sectors Lower

June 11, 2013
CNBC.com

Stocks finished sharply lower in volatile trading Tuesday after briefly wiping out most of their losses, with all key S&P sectors closing in the red, as the Bank of Japan's latest monetary policy decision disappointed investors. "Everything's driven by interest rates—there's been a lot of back and forth today as a result," said Brian Battle, vice president of trading at Performance Trust Capital Partners.

View Full Article

Illinois Dinged by Downgrades

June 11, 2013
Wall Street Journal

Legislators in Illinois again failed to pass pension overhaul recently. Last week, both Fitch Ratings and Moody’s Investors Service cut the state’s rating on its general-obligation bonds down a notch because of the state’s inaction. “The Illinois label is radioactive for some investors,” said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago.

You must be a Wall Street Journal subscriber to view this article.

View Full Article

Brian Battle: Fed painted into a corner?

May 22, 2013
MarketWatch.com

As Fed chief Ben Bernanke testifies on Capitol Hill, Brian Battle of Performance Trust Capital Partners joins Jim Asendio for MarketWatch Stock Talk.

View Full Article

Stocks close flat, S&P 500 briefly hits fresh all-time high; materials lag

May 13, 2013
CNBC

Stocks finished flat in lackluster trading Monday after the S&P 500 briefly touched a new all-time high. "This week, we'll be subject to global headlines more than the economic headlines," said Brian Battle, director and vice president of trading at Performance Trust Capital Partners. "This is more of a pause in the market than a selloff."

View Full Article

Stocks close flat; S&P briefly hits record high

May 13, 2013
NBCNews.com

Stocks finished flat in lackluster trading Monday after the S&P 500 briefly touched a new all-time high. "This week, we'll be subject to global headlines more than the economic headlines," said Brian Battle, director and vice president of trading at Performance Trust Capital Partners. "This is more of a pause in the market than a sell-off."

View Full Article

Good Match Outweighs Distance in Texas-Iowa Deal

April 25, 2013
American Banker

Triumph Bancorp, a specialty lender in Dallas, announced Wednesday it would acquire National Bancshares, a community banking company in Bettendorf, Iowa. The pairing seems odd on the surface, but each recognized the other has something it needs. The deal highlights how in the current M&A market, there is something for everybody — so long as buyers and sellers come with an open mind. "This goes to show you that opportunistic buys are out there if you're willing to look," says Daniel Bass, managing director at Performance Trust Capital Partners. "This deal makes a lot of sense from both sides."

You must be an American Banker subscriber to view this article.

View Full Article

Southwest National Bank to buy loans, sell deposits of Nevada sister bank

April 18, 2013
Houston Business Journal

In a bid to refocus its efforts on Texas, the parent company of Houston-based Southwestern National Bank will sell the deposits and branches of a Nevada-based sister bank, CEO Gary Owens told me Thursday. After the Dodd-Frank Act of 2010, sister banks residing in different states have been able to shed separate state charters and operate using a single charter, a cost-saving move that cuts administrative expenses, said Dan Bass, Houston managing partner for Performance Trust Capital Partners.

View Full Article

Thankful for $10 Million Wasted Each Year: Only in Illinois

April 4, 2013
RebootIllinois.com

Great news, Illinois taxpayers! You’ll only be paying an extra $10 million a year for the foreseeable future, thanks to historically low interest rates on bonds like those sold Tuesday to pay for $800 million in road and infrastructure projects. That’s what happens when you have the worst credit rating in the nation, a dubious honor Illinois now holds. As most semi-conscious taxpayers in Illinois know, we earned our rock-bottom credit rating by failing to do anything about our ever-increasing debt to our five statewide public pension systems, which now consume close to one-fourth of our revenue. “They are paying a penalty, but we’re really, really lucky that rates are at all-time historic lows because the penalty doesn’t hurt all that much,” said Brian Battle, director of trading for Performance Trust Capital Partners.

View Full Article

Independent Bank Group looking for Houston acquisitions

April 3, 2013
Houston Business Journal

A McKinney-based bank is scouting out the Houston market for potential acquisitions. It’s also in the midst of going public, which industry observers say will give it more muscle to scoop up banks. In regulator filings, Independent Bank Group Inc. said it plans to explore the Houston and San Antonio markets for bank deals, believing there are opportunities to buy small banks throughout the state “either because of scale and operational challenges, regulatory pressure, management succession issues or shareholder liquidity needs.” “They’ve been looking around (for Houston bank deals) for a while, but now they (will) have public currency, which should make them a more attractive buyer,” said Dan Bass, Houston managing director at Chicago-based fixed-income services firm Performance Trust Capital Partners LLC.

View Full Article

Healthcare leads Wall Street higher, S&P record in view

April 2, 2013
The Economic Times

US stocks rose on Tuesday, putting the S&P 500 within striking distance of its all-time intraday high as healthcare stocks surged on prospects of a boost to earnings. The broader market's rise countered Monday's sell-off. Most investors expect moves to be limited this week before Friday's US monthly payrolls report. "We'll just be marking time until then, as people are squaring their positions," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago.

View Full Article

Illinois bond sale includes pension penalty

April 2, 2013
The State Journal Register

Illinois sold $800 million worth of bonds Tuesday, two months after postponing a sale in the wake of a state credit downgrade. Brian Battle, director of trading for Performance Trust Capital Partners, said the state was “very fortunate” to be selling the bonds at this time. “They are paying a penalty, but we’re really, really lucky that rates are at all-time historic lows because the penalty doesn’t hurt all that much,” he said.

View Full Article

'Unknowable' Cyprus outcome worries Wall Street

March 21, 2013
MarketWatch.com

The crisis in Cyprus is finally getting the attention it's due, says Brian Battle of Performance Trust Capital Partners, because of the unprecedented nature of the bailout terms, and because investors don't want to be left exposed before an "unknowable weekend in Europe."

View Full Article

Stocks retreat: Dow halts 10-day winning streak, but ends positive for 4th straight week

March 15, 2013
CNBC.com

Stocks finished in negative territory Friday, with the Dow snapping a 10-day win streak and the S&P 500 ending shy of its record closing level, following a disappointing consumer sentiment report and as investors started to question whether the recent rally has run out of steam. "We're near the all-time high and you'd have to start betting on a mean reversion," said Brian Battle, vice president of trading at Performance Trust Capital Partners.

View Full Article

Battle says jobless report bears closer look

March 8, 2013
MarketWatch.com

The headline jobless numbers might look better than they actually are, says Brian Battle of Performance Trust Capital Partners. Battle tells MarketWatch Radio's Joan Doniger this "raging rally" could soon run into a pullback.

View Full Article

CommunityBank execs discuss merger plans

March 7, 2013
Houston Business Journal

This March — Thursday, to be more precise — bank executives invited me to their office to tell me they planned to combine Vista Bank Texas and CommunityBank of Texas. But this time, richer shareholders weren’t going to ride off into the sunset just yet — it’s expected to be a merger of equals, allowing “everyone to maintain their position” in the bank. In other words, there's no premium. “Frankly, I think there should be more of these (types of deals), but typically egos get in the way,” said Dan Bass, Houston managing director of Performance Trust Capital Partners. “One side or another wants control or wants a premium.” But who knows, Bass said — the deal could spur similar transactions “where they put their egos in check and say, look, this makes a lot of sense. Merger and acquisition multiples aren’t going to get back anytime soon to what we were used to. But if we get to $2 billion, and they do come back, our shareholders are going to benefit from that.”

View Full Article


Exclusive: Vista Bank, Community Bank set to merge

March 7, 2013
Houston Business Journal

Vista Bank Texas and CommunityBank of Texas have agreed to a merger of equals, creating a $2.3 billion-asset financial institution in coveted, high-growth Houston, executives told the Houston Business Journal on Thursday. The merger would create one of the largest privately owned community banks in the Houston area, making it a tempting acquisition target for out-of-state banks or positioning it to make an initial public offering in future years — it would certainly allow the bank to compete harder against larger local financial entities, said Dan Bass, Houston managing director of Performance Trust Capital Partners. “I think what this tells you is this is not a group of shareholders that is done with banking, packing it in and leaving the industry — this is truly a long-term play of putting two banks together,” Bass said. 

View Full Article


Patriot Bank, Bank of Houston pass community reinvestment exams

March 6, 2013
Houston Business Journal

Two Houston banks scored "satisfactory" marks on the Federal Deposit Insurance Corp.’s exam on compliance with the Community Reinvesment Act, which purports to measure how well banks serve various segments of the population. But it’s not too difficult — it’s a standard, pre-Dodd Frank compliance test that banks have gone through for several years, said Dan Bass, Houston managing director of Performance Trust Capital Partners LLC. The banks “know the rules as far as what they need to be doing to show that they’re serving all areas of the community, not just the high-net-worth areas,” Bass told me in a quick phone call early Tuesday, adding that the test takes into account a population’s mix of income and geography. “Basically, you define your market share and show that you’re not discriminating against one type of client base.”

View Full Article


Street has 'crisis fatigue' on looming sequester

February 27, 2013
MarketWatch.com

Stocks have rebounded from Monday's swoon, says Brian Battle of Performance Trust Capital Partners, and the government spending cuts shouldn't be too much of a road block for continued gains. He joins Alisa Parenti for MarketWatch Stock Talk.

View Full Article

Louisiana banks flock to Houston to generate organic growth

February 22, 2013
Houston Business Journal

In many of Louisiana’s markets, stealing market share is the name of the game, but Houston’s overall economic prosperity means banks in the market can generate organic growth, said Dan Bass, managing director at Performance Trust Capital Partners in Houston. “It’s harder to steal market share than it is to grow in an economy and get your share of the new loans,” Bass said. “It’s good that all these banks are coming here—you’d rather have a bunch of banks coming in than a bunch of banks leaving. I think it bodes well for the future.”

You must be a Houston Business Journal subscriber to view this article.

View Full Article

Quinn delays $500 million borrowing in wake of state's bad credit rating

January 30, 2013
Chicago Tribune

Gov. Pat Quinn's administration delayed Wednesday's planned sale of $500 million in construction bonds, saying a recent credit downgrade because of inaction on government worker pension reform left the market "unsettled." While it's not unheard of for states to delay a bond sale, it is unusual, said Brian Battle, director of Chicago-based Performance Trust Capital Partners. "I think it certainly is a seminal event in Illinois history," Battle said. "Because of our credit rating, we could not sell bonds today. We could have, but we would have gotten hurt, and that's unusual. Now the citizens can see what the cost is for all this dithering in Springfield."

View Full Article

Illinois Yanks Bond Amid Pension Woes

January 30, 2013
The Wall Street Journal

Illinois took the rare step Wednesday of postponing a bond auction just hours before it was expected to launch, as concerns grew among investors over the state's deep pension hole. "It's the first real market indication that, because of our fiscal condition, we couldn't sell bonds," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago, referring to his home state. His firm had no role in the Illinois bond sale.

For Wall Street Journal subscribers only

View Full Article

OmniAmerican Heads Class of Ex-Mutuals Ripe for Takeover

January 23, 2013
American Banker

Monday marked three years since the $1.3 billion-asset OmniAmerican (OABC) in Fort Worth, Texas, converted from a mutual savings bank to a stock corporation. Regulations bar converted mutuals from selling themselves during their first three years, and speculation usually heats up as they approach that milestone. "I do know that they don't have the earnings that they should have," says Daniel Bass, a managing director at Performance Trust Capital Partners. "I would assume they are getting talked to, [and] they have such a good footprint in Fort Worth from a buyer's perspective."

View Full Article

Earnings season gives Street something to go on

January 11, 2013
MarketWatch.com

Brian Battle of Performance Trust Capital Partners is relieved to see the start of earnings season. He tells MarketWatch Radio's Joan Doniger that investors welcome the opportunity to look at solid numbers rather than political drama.

View Full Article

Set that bar really low for earnings season

January 7, 2013
MarketWatch.com

Investors should have very low expectations for the earnings season. So says Brian Battle, director of trading at Performance Trust Capital Partners. He talks to Larry Kofsky about what to expect this season and Investors should have very low expectations for the earnings season. So says Brian Battle, director of trading at Performance Trust Capital Partners. He talks to Larry Kofsky about what to expect this season and how to prep for the debt ceiling debate in Washington.

View Full Article

ASEAN Market Preview EAst West, Medco, Petronas, PTTEP, Keppel

January 3, 2013 
LiveTradingNews.com

On New Year’s Day, while the U.S. stock market was closed, Congress passed a bill to raise taxes on wealthy individuals and families, and preserve certain benefits, while avoiding immediate austerity measures. The combination of mandatory tax hikes and reduced federal spending, which had been set to go into effect on Jan. 1, had been known as the “fiscal cliff.” ” We had three choices: We were going to be off the cliff, we were going to be on the cliff, or we were going to avoid the cliff, and we avoided it,” said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago. “There’s a relief rally, some progress because we raised revenue, but I think it’s going to be short-lived because the relief rally today was created by politics, and the next cliff is going to be created by politics.”

View Full Article

Shares surge with relief after deal ends US cliffhanger

January 2, 2013
The Independent

Congress approved an agreement on Tuesday night to prevent the bulk of the tax hikes and temporarily delay spending cuts set to come into force this month, sending shares higher when traders in London and New York returned to their desks today. "We had three choices: We were going to be off the cliff, we were going to be on the cliff, or we were going to avoid the cliff, and we avoided it," Brian Battle, the director of trading at Performance Trust Capital Partners in Chicago, said. But he warned about the looming challenges, as the debate now shifts to raising the debt ceiling in two months. "I think it's going to be shortlived, because the relief rally today was created by politics, and the next cliff is going to be created by politics."

View Full Article

Wall Street starts 2013 with a rally on "cliff" agreement

January 2, 2013
Fox Business News

Congress passed a bill to raise taxes on wealthy individuals and families, and preserve certain benefits, while averting immediate austerity measures. The combination of mandatory tax hikes and reduced federal spending, which had been set to go into effect on January 1, had been known as the "fiscal cliff." "We had three choices: We were going to be off the cliff, we we're going to be on the cliff, or we were going to avoid the cliff, and we avoided it," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago. "There's a relief rally, some progress because we raised revenue, but I think it's going to be short-lived because the relief rally today was created by politics, and the next cliff is going to be created by politics."

View Full Article

Texas Community Bank’s Q3 Texas ratio among highest in U.S.

December 18, 2012
Houston Business Journal

Texas Community Bank NA, a $235.8 million-asset financial institution based in The Woodlands, had the 30th-highest “Texas ratio” among all U.S. banks in the third quarter, according to an analysis by Charlottesville, Va.-based SNL Financial Inc. "I think they're trying to look at all their options," said Dan Bass, managing director at Performance Trust Capital Partners in Houston. "Regulators these days are giving more leeway if (the bank) is trying to make progress, talking to various investors."

View Full Article

Community Trust in La. Woos Private Equity with Organic Growth

December 18, 2012
American Banker

Attracting talent has been the key to the Texas operations, which account for $800 million in assets, mostly around Dallas-Fort Worth. The hiring continues; Mills says Preston Moore, a former Encore Bancshares CEO, was just recruited to lead an expansion into Houston. Encore was sold to Cadence Bancorp this year. That's a good sign, says Dan Bass, a managing director of investment banking for Performance Trust Capital Partners. Moore "is obviously very well known in the marketplace," he says.

View Full Article

Prosperity Bank’s move into Oklahoma not on menu for other Texas Banks

December 14, 2012
Houston Business Journal

Other large Texas financial institutions, such as Houston-based Amegy Bank NA and San Antonio-based Cullen/Frost Bankers Inc. (NYSE: CFR), have shown more interest in major Texas metropolitan markets. Based on their growth strategies, they probably didn’t pursue the Coppermark deal in Oklahoma City, said Dan Bass, Houston managing director for Chicago-based Performance Trust Capital Partners. “Are there any Texas banks that would do this deal? I don’t know of one,” Bass said. “A lot of banks that say they want to acquire in Texas haven’t done a lot of deals, and Prosperity just has a history of knowing how to do deals and not overpay and integrate them successfully and wring out the cost savings.”

View Full Article

Stocks Hold Gains on 'Cliff' Deal Optimism

November 28, 2012
CNBC.com

Stocks held their gains across the board Wednesday, with the S&P 500 trading above 1,400, after President Barack Obama addressed the ongoing "fiscal cliff" issue and following some positive comments from Speaker John Boehner. “You have an 11-percent gain on the S&P 500 this year—I can sell now and know what my capital gain and income taxes are going to be. But I have no idea what they’re going to be in 2013,” explained Brian Battle, vice president of trading at Performance Trust Capital Partners. “So I think there’s going to be a lot of selling ahead, not for fundamental reasons but for technical reasons.”

View Full Article

Post-election market drop not due to politics

November 8, 2012
MarketWatch.com

The market's post-election action is technical, not political, says Brian Battle, director of trading, Performance Trust Capital Partners. Battle tells MarketWatch Radio's Larry Kofsky that it's not "any sort of vote on the election," and what Wall Street will be watching is lawmakers' action on the fiscal cliff: "can they get a deal done, and what are the terms."

View Full Article

S&P Logs 4-Day Win Streak, All S&P Sectors Up

October 4, 2012
CNBC.com

Weekly jobless claims rose less than expected last week, to a seasonally adjusted 367,000, according to the Labor Department. Meanwhile, planned layoffs in September jumped, after hitting a 20-month low in August, according to the report from consultants Challenger, Gray & Christmas. “In the absence of bad news, we’ll drift higher and that’s what’s been going on,” said Brian Battle, vice president of trading at Performance Trust Capital Partners. “The economic number that matters the most is the unemployment number.”

View Full Article

Stocks at Lows, S&P Below 1450; CAT Falls 4%

September 25, 2012
CNBC.com

And coinciding with the market's initial pullback around midday, Philadelphia Federal Reserve President Charles Plosser said the central bank's QE3 will not do much to boost economic growth or lower unemployment. However, Brian Battle of Performance Trust Capital Partners said debate is already "priced in." "Plosser and [Federal Reserve Bank of Dallas President Richard] Fisher have been clear that [QE3] will not be effective...but the fact is that their dissenting makes no difference."

View Full Article

Wall Street Gains as Apple Scales New Peak on iPhone 5

September 21, 2012
Reuters

Apple Inc climbed 0.9 percent to $704.78, after earlier hitting an all-time high of $705.07. The iPhone 5 hit stores around the world, giving the world's most valuable company a boost ahead of the crucial end-of-year holiday season. "In a stable full of donkeys, there is one racehorse, and everyone is buying the racehorse," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago, in reference to Apple. "You have - which is something rare in the market these days - a stock that has fundamental value. It's not just a headline. It's not just hope."

View Full Article

Emanuel No Boss Daley as Teachers School Him With Strike

September 11, 2012
Bloomberg.com

The strike has sent parents rushing to find child care, though the impact on businesses has been muted, at least so far. “If this takes more than a week, then there’s going to have to be changes,” said Brian Battle, director of trading at Performance Trust Capital Partners, a broker-dealer that has about 150 people working in its Chicago office. “You can wing it for a couple of days, but the duration of the work stoppage is what’s going to determine our reaction.”

View Full Article

Stocks End Mixed; FB Below $18, Apple Rallies

September 4, 2012
CNBC.com

Stocks recovered from their lows to close mixed on the first trading day of September, but a pair of disappointing economic reports and jitters ahead of the ECB meeting later this week kept a lid on gains. “We should start getting used to these big [market swings]—there will be a lot of headlines in the next few weeks and that’s what’s going to define this fall,” said Brian Battle, vice president of trading at Performance Trust Capital Partners. “It’s remarkable that we’ve had any sort of rally whatsoever in the absence of any fundamental growth and it’s inexplicable that we should be at these prices—this seems to be like the calm before the storm.”

View Full Article

Standard & Poor's Lowers Illinois Credit Rating Lowered Over Pensions

August 30, 2012
WLS-TV

Standard and Poor's ratings service lowered the state of Illinois' rating a notch on Wednesday, citing continuing pension problems. "The aggravating thing is we saw it coming. Don't have the political will. Cost taxpayers," Brian Battle, Performance Trust, said. The move was expected after lawmakers failed to come up with a pension reform plan at a special session in Springfield earlier this month.

View Full Article

S&P Lowers Illinois Credit Ratings Over Pensions

August 29, 2012
The Associated Press

Stubborn pension problems and government gridlock earned Illinois another reduction in its credit rating Wednesday, potentially costing taxpayers millions of dollars. Illinois may have to pay an additional $1.5 million annually for each $100 million it borrows for public works projects, said Brian Battle, director of trading at Chicago's Performance Trust Capital Partners. With Illinois selling hundreds of millions of dollars' worth of bonds each year, the extra interest cost could hit $15 million, he said.

View Full Article

U.S. Small/Midcaps – Shares dip as Japanese data spurs economy fears

August 22, 2012
Reuters

Japan reported its exports slumped the most in six months in July as shipments to Europe and China tumbled, adding to concerns over global demand. "The export numbers were terrible, reinforcing the idea that all isn't well in the economy," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago. "We've had a slow, grinding rally and this takes the wind out of our sales and gives investors a reason to step back."

View Full Article

Dodd-Frank Credit Rating Regs Complicate Investment Analysis, Cut into Yield

August 20, 2012
Bank Safety & Soundness Advisor

Prior to the recession, too many banks were far too reliant on credit rating agency ratings when making decisions about investments. That, at least, is the idea behind the provision in Dodd-Frank that now prohibits banks from making investment decisions armed with little more than an S&P rating and a hunch. Dodd-Frank requirements for independent analysis will be hard for community bankers to manage on their own, says Richard Berg, CEO of Performance Trust, Chicago. “The standard is very high and fairly arbitrary [to vet investments],” he says.

Stocks Jump; Cisco Soars 10%; Facebook Down 6%

August 16, 2012
CNBC

Weekly jobless claims rose last week to a seasonally adjusted 366,000, according to the Labor Department, in line with expectations. And housing starts unexpectedly fell in July to a seasonally adjusted annual rate of 746,000 units, while gains from June were revised lower, according to the Commerce Department. (Read More: Homebuilders Begin to See Credit Thaw). “It’s been a mixed bag of economic news, but not bad enough for the Fed to move so we’re bumping along,” said Brian Battle, vice president of trading at Performance Trust Capital Partners. “Good news is that we’re not getting worse.”

View Full Article

U.S. Stocks – Wall St. slides on Spain, Greece fears

July 23, 2012
Reuters

Overseas stock and commodity markets fell steeply. European shares lost 2.6 percent, led by euro zone banking stocks, a trend the United States followed as shares of Morgan Stanley fell 2.3 percent to $12.50. "It was a wipeout in the overseas markets," Brian Battle, director of trading at Performance Trust Capital Partners in Chicago told Reuters. "We are going to echo that as confidence gets sucked out. The problem is bigger and more intractable than what happened in (the financial crisis) in '08…You could lose 40 points on the S&P today."

View Full Article

Stocks Close Lower Amid Economic Woes

July 16, 2012
CNBC

Stocks ended lower in light, choppy trading Monday, amid ongoing worries over the slowing economy and ahead of Fed Chairman Ben Bernanke's speech later this week. “It’s a headline-driven market and we need a headline,” said Brian Battle, vice president of trading a Performance Trust Capital Partners, of the quiet trading day. “We’ll be watching Bernanke later on this week and more earnings.”

View Full Article

Stocks Close Lower After Weak Jobs Report

July 6, 2012
CNBC

Stocks eased off their worst levels in the final hour of trading, but still finished firmly in the red Friday on the heels of a disappointing June government jobs report. “Take this [selloff] with a grain of salt because it’s a holiday week so some of the moves are magnified,” said Brian Battle, vice president of trading at Performance Trust Capital Partners, referring to the light market volume.

View Full Article

U.S. Stocks – Wall St. skids lower on jobs gloom

July 6, 2012
Reuters

U.S. stocks fell sharply on Friday after dismal jobs data heightened the impression the economy is stuck in a rut of slow growth. "You can imagine the employment number isn't very helpful today," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago. "Sub-100,000 is a very bad headline job growth number and the unemployment rate of 8.2, unchanged, isn't very great. All those things conspire to give us very little confidence in recovery."

View Full Article

Wah! Market wants bond blanky

May 30, 2012
CNNMoney.com

Investors have had enough of this whole Europe mess. Brian Battle, director of trading at Performance Capital Trust Partners in Chicago, said that the 10-year Treasury could probably get to 1.5% pretty quickly if there is more bad news about Europe. All the market would need to justify an even bigger rush into Treasuries is a "screaming headline" he said.

View Full Article

Archive

2018201720162015201420132012201120102009