Stock Market Overview: Futures are relatively quiet ahead of Thursday’s open as investors add to Tuesday and Wednesday’s strong rally. Gary’s Thoughts: We repeat from last night: JP Morgan…earnings down 14%, revs down 2%…remember what we told you about everyone already knowing and reporting earnings will be bad. We must also add Steve Wynn just bought more stock…73,000…
Stocks rallied nicely on Wednesday helping the Dow Jones Industrial Average and benchmark S&P 500 jump above resistance of their latest range. Before the open, JP Morgan (JPM) reported earnings that beat greatly reduced estimates. Peabody Energy (BTU) filed for bankruptcy protection in the wake of a huge crash in coal prices. Overnight, China said exports beat…
http://www.bloomberg.com/news/articles/2016-04-13/imf-warns-of-possible-spiral-of-waning-growth-escalating-debt
http://www.bloomberg.com/graphics/2016-state-taxes/
http://www.foxbusiness.com/features/2016/04/13/feds-propose-banning-theranos-founder.html
http://www.foxbusiness.com/features/2016/04/12/kobe-bryants-final-game-nets-ticket-price-merchandise-surge.html
http://www.foxbusiness.com/markets/2016/04/13/u-s-must-fix-its-ballooning-deficit-or-else.html
http://www.foxbusiness.com/markets/2016/04/08/ceo-pay-shrank-most-since-financial-crisis.html
http://www.reuters.com/article/us-opec-oil-idUSKCN0XA10P
http://www.reuters.com/article/us-usa-economy-beigebook-idUSKCN0XA25T
