Written by Gary
SP500 future numbers up significantly, above Friday"s historic highs where we expect the average to open higher and set new highs as well. However, certain ETF"s and other averages closely aligned to the 500 made "spinning top" closes indicating a change in direction.
Opening higher and staying there are two very different actions as several items below explain.
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).
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Early Headlines: Latest from Nepal, Video Taken as Avalanche Hit, China's Young Spurn Government Jobs - Swarm to High Tech and More
Early Bird Headlines 26 April 2015
Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.
Infographic Of The Day: Grocery Loyalty
Driving loyalty in grocery is complex.
FOREX NEWS by DailyForex
Last week’s disappointing economic data from the US forced the US Dollar lower where it has finally steadied. The Dollar has now been under pressure for nearly seven weeks as investors ponder the likelihood of a Fed interest rate move, which put an end to the greenback’s long-term buoyancy.
Greece appeared no closer to a reforms-for-aid deal after the country's finance minister met with his euro zone counterparts on Friday.
This week can be expected to be more active than last week, with the primary focus certain to fall upon the US Federal Reserve followed by the Bank of Japan and the Royal Bank of New Zealand the following day, as all will be releasing major policy statements and announcing interest rates.
With focus on a May 6 interest repayment to the International Monetary Fund and the next Eurogroup meeting on May 11 in Brussels, Greece has a number of funding hurdles to clear before then and beyond.
Figures just released show that the government’s borrowing (to meet the deficit between the nation’s receipts and its expenditure) in March fell to £7.4 billion.
by Alan Harvey, Institute for Dynamic Economic Analysis
Appeared originally at Inside, vol. 2, no. 8, 23 April 2015
Austerity has delivered obvious suffering to the Greek people and serious burdens to the Greek state, trials that do not need to be enumerated here. The mechanics of austerity drain money and the goods and services it will buy from the economy. Austerity follows from the rule of the primacy of debt, enforced by misguided, coercive and often bizarre policy programs.
Special Report from StreetTalk Live
by Lance Roberts, StreetTalk Live
I have frequently written about the fallacy of long-term investment objectives and actual investor behaviors. As repeatedly shown by Dalbar studies, despite what investors and advisors say about long-term investing, the reality is that actions clearly speak of much shorter-term realities.
Insider Trading 24 April 2015: We Are in the Thick of Earnings Season So Insider Transactions Are Mu
24Apr2015 Pre-Market Commentary: Possible Quiet Session Ahead, Markets Expected To Open Fractionally
Written by Steven Hansen
Econintersect"s Economic Index is indicating growth will continue to be soft in May. The tracked sectors of the economy are relatively soft with most expanding but some contracting. The effects of the recently solved West Coast Port slowdown (a labor dispute which had been going on for months) and weather related issues are no longer evident in the raw data. Therefore, the economic slowdown forecast last month is cyclic and not resulting from transient causes.