Volkswagen takes $18 billion hit over emissions scandal
http://www.reuters.com/article/us-volkswagen-emissions-germany-probe-idUSKCN0XJ19U
ECB’s Nowotny says negative rates necessary to avoid deflation
http://www.reuters.com/article/us-ecb-nowotny-idUSKCN0XK0AN
Ford not interested in tie-up with Fiat Chrysler: CEO Fields
http://www.reuters.com/article/us-autoshow-beijing-ford-fca-idUSKCN0XK07Z
Required Reading
Trump bashes Clinton, promises not to be boring Unpopularity of Clinton, Trump puts spotlight on potential running mates Oil baron Harold Hamm endorses Trump No signs of trauma or suicide in Prince’s death: police North Korea fires submarine-launched missile: South Korea U.S. drops New York fight with Apple after gaining access to iPhone
And the weekend report!
Just a few changes to talk about this weekend. First things first, since our call for a low on February 11 and 12th, there have hardly been any blips. In fact, pullbacks have lasted two days at the most. Throughout the bearish phase, whenever we would call a low, we would use the same terminology. That is…
The Morning Look
Stock Market Overview: Futures are relatively quiet ahead of Friday’s open as investors digest the latest round of earnings data. Gary’s Thoughts: Even with Goog,sbux,v…all’s quiet. Economic Data: PMI Manufacturing Index Flash 9:45 AM ETBaker-Hughes Rig Count 1:00 PM ET Highlights Of The Day: Prince Passed Away At The Very Young Age of 57 Gary’s Thoughts: Will have…
The Closing Look
Stocks fell on Thursday as many important areas of the market are now in “pullback” mode. Gary mentioned on Wednesday’s radio show to watch these important areas and because he felt they were putting in a near term top. In perfect fashion, they fell on Thursday and broke below important areas of support. Earlier today,…
Slideshow: Prince: 1958-2016
http://www.reuters.com/news/picture/entertainment?articleId=USRTX2B234
10 Charts That Will Make You Rethink Tesla’s Model 3
http://www.bloomberg.com/news/articles/2016-04-21/tesla-changed-cars-forever-now-it-must-deliver