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…
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…
Billionaire Icahn Exits Apple Stake After Three Years
http://www.bloomberg.com/news/articles/2016-04-28/billionaire-icahn-exits-apple-stake-almost-3-years-after-buying
The Record-Breaking Streak Ends at Proto Labs, Inc. @FoxBusiness
http://www.foxbusiness.com/markets/2016/04/28/record-breaking-streak-ends-at-proto-labs-inc.html
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
Jane Sanders: The Super Delegate System Isn’t Fair @FoxBusiness
http://www.foxbusiness.com/features/2016/04/28/jane-sanders-super-delegate-system-isn-t-fair.html
U.S. economy stalls in first quarter as activity weakens broadly
http://www.reuters.com/article/us-usa-economy-idUSKCN0XP0BQ
AbbVie forges deeper into cancer, as clock ticks for Humira
http://www.reuters.com/article/us-stemcentrx-m-a-abbvie-idUSKCN0XP1MW?il=0
Required Reading
U.S. military punishes 16 over 2015 Afghan hospital bombing Three linked to San Bernardino shooter charged with marriage fraud U.S. economy stalls in first quarter as activity weakens broadly First funeral held six days after Ohio family massacre Reuters TV: Cruz pins it all on Indiana Carly’s croon sparks criticism