Markets

Mandate higher costs without productivity gains and… SOURCE: https://www.zerohedge.com/news/2017-04-18/harvard-shock-study-each-1-minimum-wage-hike-causes-4-10-increase-restaurant-failure

In spite of IBM down over 9 points…about 60 DOW points, futures up decently. Notice the Nasdaq and NDX both remain above the 50 day average while just about everything else remains a shade below. The good news is while there has been damage done, it is not of a long-term nature as just initial…

GS and JNJ were culprits today. IBM a culprit after the close. Market not as bad as Dow down 113. But leave no doubt, market has lost sectors and market has lost energy. Getting tougher and going to get tougher as we get into the meat of earnings.

These were my real time thoughts of the day we spent at Auschwitz-Birkenau concentration camps! Checked out of hotel from Krakow. About a one hour drive. 10 minutes in, realized left passports in safe at hotel. Have to go back. This is not starting well. Our driver (I think his last name is Andretti) driving…

SOURCE: http://www.dailymail.co.uk/news/article-4414428/Uber-lost-2billion-year.html

SOURCE: https://amp.twimg.com/v/3e92687d-e3e2-4086-983c-ff4eb6117359

After a good day yesterday, futures are down this morning on a few things. London FTSE and rest of Europe down. The PM of the UK calling for early elections. Goldman (GS) down $6 on earnings miss…about 40 Dow points. Yesterday’s stronger day enables us to define support levels: Russell 2000 1335-1340…S&P 2322-2328…Dow 20,412…NYSE 11,324…XLF…