Listen To Friday’s Investor’s Edge Radio Show: Stoolander Edition 04/29/2016

Highlights:

  1. Market Wrap
  2. Gary breaks down the recent selling for you and tells you what areas are on his radar
  3. Gary takes a closer look at earnings and the recent market action and tells you what is working and what is not working

Short note on markets and central banks!

We will have a bigger report over the weekend but:
After calling for a low on February 11-12, we think there is a darn good chance that yesterday’s action marks the high for now. We are seeing a lot of tops in place…simple as that…while we are seeing gold and other commodities continue with their strength. Gold is breaking out as we write this. Other commodities are very overbought but remain strong.
Central banks are doing a lot of #@%#@-ing around causing currencies to fly all over the map. The now very weak dollar is causing commodities to shoot up. The weak dollar is the outcome of Mrs. Bubble’s turnaround from her “we will hike rates throughout the year” routine. We continue to believe that eventually, QE4 is in the offing as Yellen is just like the rest.
Just remember our thesis. Regardless of the market rally, the economy stinks with earnings and sales growth heading south. Rallies have been nothing but central-bank induced. We will repeat the list of massive intervention that has occurred in just the past two months in our weekend report.
You must know by now that asking a simple question gets you to where one must scratch their head. The question is:
Why do central banks have to continue to print money, have 0% rates, have negative rates, go deeper into negative rates and amazingly and unashamedly…buy up their own stock and bond markets?
Again, we will have much more on this over the weekend including our ripping on what the ECB dude said in an interview about people who just want a return on their savings. You will not believe it and will not believe this man actually has his finger on trillions!
Gary Kaltbaum

The Morning Look

Stock Market Overview: 

Futures are slightly lower ahead of Friday’s open as investors digest a volatile week. The market digested a slew of earnings and economic data this week.

Gary’s Thoughts: And we forgot gold breaking out now. Gold stocks led the metal. And….we think there is a better than 50% shot that market topped for at leas tthe short term yesterday…notwithstanding Yellen announcing QE4…which yes, we believe will eventually happen.

Economic Data:

  • Rob Kaplan Speaks 6:30 AM ET
  • Personal Income and Outlays 8:30 AM ET
  • Employment Cost Index 8:30 AM ET
  • Chicago PMI 9:45 AM ET
  • Consumer Sentiment 10:00 AM ET
  • Baker-Hughes Rig Count 1:00 PM ET
  • Farm Prices 3:00 PM ET

Highlights Of The Day:

    • U.S. GDP only grew by +0.5% last quarter, missing estimates for +0.7%.
      Gary’s Thoughts: And Obama taking victory laps.
    • Carl Icahn sold his entire stake in Apple- after holding it for 3 years
      Gary’s Thoughts: Bad form by Icahn! He promoted his buying and ownership. He does not owe the public anything but if you are going to promote one side, you should alert to the other side…not after. 

Listen To Thursday’s Investor’s Edge Radio Show: Stoolander Edition 04/28/2016

Highlights

1. Market Wrap

2. Gary breaks down Thursday’s selling for you 

3. Gary talks earnings and what areas are working 

Ford CEO Dismisses Campaign Criticism, Citing U.S. Growth @FoxBusiness

http://www.foxbusiness.com/markets/2016/04/28/ford-ceo-dismisses-campaign-criticism-citing-u-s-growth.html