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
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
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
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
The Closing Look
Stocks fell hard on Thursday as investors digested the latest round of economic and earnings data. Before the open, stock futures were lower after the Bank of Japan (BOJ) decided to do nothing at their latest meeting. Some investors wanted to see them do more, hence the initial sell-off. At 8:30am EST, the government said…