econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



13Apr2016 Market Close: Markets Close Strongly In The Green, US Dollar Continues To Move Upward, Indicators Now Neutral And Up To Mr. Market

Written by Gary

US markets closed up nicely, over one percentage point and the $RUT over two percentage points. The SP500 seems to have moved into the 2080 / 2085 resistance 'zone' and that is a bullish move. However, the SP500 needs to keep moving upwards to confirm this potential breakout. Crude oil prices were very volatile, but could not keep a leg up and settled in the mid 41's.

Todays S&P 500 Chart

The Market in Perspective

Here are the headlines moving the markets.

U.S. economic activity expanded, several regions see pickup in wage growth: Fed

WASHINGTON (Reuters) - The U.S. economy continued to expand from late February to early April and low unemployment appears to be spurring an uptick in wage growth, the Federal Reserve said on Wednesday.

Banks lead Wall Street to second straight gain

NEW YORK (Reuters) - Wall Street rallied for a second straight day on Wednesday, led by gains in beaten-down financial shares after JPMorgan's quarterly results.

Weak U.S. retail sales reinforce Fed caution on rate hikes

WASHINGTON (Reuters) - U.S. retail sales unexpectedly fell in March as households cut back on purchases of automobiles and other items, further evidence that economic growth stumbled in the first quarter.

About 40,000 unionized Verizon workers walk off the job

NEW YORK (Reuters) - Nearly 40,000 Verizon workers walked off the job on Wednesday in one of the largest U.S. strikes in recent years after contract talks hit an impasse, and got a boost as U.S. Democratic presidential hopeful Bernie Sanders joined them at a Brooklyn rally ahead of the New York primary next week.

Wells Fargo poses increasing threat to global financial system: report

(Reuters) - Wells Fargo & Co poses an increasingly serious threat to the global financial system, while risks posed by other large U.S. banks have changed relatively little, according to an annual report released Wednesday by a U.S. government research group charged with monitoring such threats.

U.S. regulators fail 'living wills' at five of eight big banks

WASHINGTON (Reuters) - U.S. regulators gave a failing grade to five big banks on Wednesday, including JP Morgan and Wells Fargo, on their plans for a bankruptcy that would not rely on taxpayer money, giving them until Oct. 1 to make amends or risk sanctions.

JPMorgan beats Wall Street expectations in tough quarter for banks

(Reuters) - JPMorgan Chase & Co , the No. 1 U.S. bank by assets, reported a quarterly profit that topped low market expectations as lower costs and better-than-expected trading revenue helped soften the blow from a fall in investment banking fees.

Chipotle investor seeks board shakeup for more diversity

(Reuters) - Chipotle Mexican Grill Inc shareholder CtW Investment Group on Wednesday urged investors not to re-elect two long-time board members, saying the chain's recent food safety crisis shows the company needs a board that is more independent and also more diverse in race and gender.

UAW election by set of VW Tennessee workers upheld by NLRB

(Reuters) - The U.S. National Labor Relations Board voted 2-1 to uphold a December election in which a small group of workers at Volkswagen AG's Chattanooga, Tennessee plant voted to join the United Auto Workers union, the NLRB said on Wednesday.

Squeezenado Sends Stocks Soaring To 2016 Highs As Crude Crumbles

Remember, the stock market is not the economy... Collaping retail sales, soaring inventory-to-sales ratiosm and entirely fictitious China trade data...

Can mean only one thing...

The biggest 2-day short squeeze in 6 months...

Which has sent Trannies and Small Caps up most this week...

Nasdaq and Small Caps remain red for the year... but are at their highest close for 2016...

With Trannies roaring today... but everythiong slowed after Europe closed...

EIA Inventory Report Analysis 4-13-2016 (Video)

By EconMatters

Strong Gasoline Demand and another drop in U.S. Oil Production were both positives in the EIA Summary Report. Overall, for this time of year, a pretty healthy Inventory Report as we are still technically in the building season. If imports came in similar to last week`s report and refineries pushed more Gasoline through the system, we would have had a drawdown in Oil Stocks.

© EconMatters All Rights Reserved | Facebook | Twitter | YouTube | Email Digest | Kindle

Why The Goldman Sachs Settlement Is An "Abomination And Insult To All Americans"

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

The increased use of eminent domain to transfer property to powerful political interests, the ramifications of the wars on terrorism and drugs, and the violation of the property rights of bondholders in the auto-bailout case have weakened the tradition of strong adherence to the rule of law in United States. We believe these factors have contributed to the sharp decline in the rating for the legal-system area.

To a large degree, the United States has experienced a significant move away from rule of law and toward a highly regulated, politicized, and heavily policed state.

- From the 2014 post: New Report - The United States' Sharp Drop in Economic Freedom Since 2000 Driven by "Decline in Rule of Law"

The American public should be out in the streets by the hundreds of thousands demanding the resignation of President Barack Obama in response to the total sham settlement just announced by the U.S. government with Goldman Sachs. This farce should be seen for what it really is; a gigantic establishment middle finger waving contemptuously in the face of the reliably neutered and long-suffering American public.

A criminal financial organization that engaged in billions upon billions in fraud against the "muppet" public is once again getting off with barely ...

Billion Dollar Baby Bye Bye: Regulators Seek To Ban Theranos Founder Elizabeth Holmes

It seems billion dollar baby of Silcon Valley, Elizabeth Holmes, is facing yet another unicorn-slaying moment as the fairy-take ending for Stanford drop-out looks increasingly distant after WSJ reports regulators are seeking ban the so-called "billionaire" from the blood-tsting business for two years after U.S. health inspectors have found serious deficiencies at Theranos Inc.'s laboratory in Northern California.

As The Wall Street Journal, which has broke and has been on this story from day one, reports,

In a letter dated March 18, the Centers for Medicare and Medicaid Services said it plans to revoke the California lab's federal license and prohibit its owners, including Ms. Holmes and Theranos's president, Sunny Balwani, from owning or running any other lab for at least two years. That would include the company's only other lab, located in Arizona.

The two labs generate most of Theranos's revenue and are at the core of its strategy to revolutionize the blood-testing industry with new technology, user-friendlin ...

J.P. Morgan Earnings: Being Big Isn't So Bad

J.P. Morgan Chase struck a blow against its critics with earnings that showcased the benefits of being big and diversified.

What Citigroup's 'Living Will' Win Means for Big Banks

Five big banks' living wills were deemed to be not credible by regulators. That Citi passed is significant.

BlackRock: Why It Will Stay Ahead of the Pack

BlackRock continues to outpace rivals, a trend that is poised to remain on track ahead of Thursday's earnings report.

April 2016 Beige Book: Reading Between The Lines - The Economy Improved A Little.

Written by Steven Hansen

The consolidated economic report from the 12 Federal Reserve Districts (Beige Book) shows the economy "continued to expand in late February and March, though the pace of growth varied across Districts". The previous report said "that economic activity expanded in most Districts since the previous Beige Book report". My interpretation is that the Fed is saying the rate of economic expansion has improved since the last report.

Emerging Markets Report: China's first-quarter GDP growth likely slowed to a seven-year low

China's economy is expected to have lost more momentum in the first quarter with its gross domestic product growth slowing to the weakest level in seven years.

Market Extra: The hottest story in currency markets today isn't what you'd think

While investors and market strategists have been focused on the rally in the yen and broader weakness in the dollar, one developed market currency has been walloping the buck in recent months.

Capitol Report: Auditor warnings on large company solvency reach highest level since crisis

Recent 10K filings show a significant increase in going concern warnings for large company filers, a red flag for a potential future bankruptcy

Summary of Economic Releases this Week

Real Time Economic Calendar provided by Investing.com.

Earnings Summary for Today

Earnings Calendar provided by Investing.com.

leading Stock Positions

Leading Stock Quotes powered by Investing.com

Current Commodity Prices


Commodities are powered by Investing.com

Current Currency Crosses

The Forex Quotes are powered by Investing.com.



To contact me with questions, comments or constructive criticism is always encouraged and appreciated:

gary@econintersect.com

Click here for Historical Releases Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Econintersect Live Market

search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
The Expected Effects of Petitions to Improve the Monetary System
Energy and Falling Productivity
News Blog
Early Headlines: Asia Stocks Mixed, Europa Water Plumes, All About The Debate, Putin Reacts To Debate, Oblivious Students, India Rocket Success, China Profits Surge And More
September 26, 2016 Weather and Climate Report - Not Quite the Camino Real
The Dominant Forces In The U.S. Gun Market
69 Percent Of Americans Have Less Than One Thousand Dollars In Savings
Average Gasoline Prices for Week Ending 26 September 2016 Unchanged
Genetic Studies Reveal Diversity Of Early Human Populations - And Pin Down When We Left Africa
Earnings And Economic Reports: Week Starting 26 September 2016
TV Matches Aren't All That Important And Trump's Less Trusted
What We Read Today 26 September 2016
Why Mosquitoes Bite Some People
September 2016 Texas Manufacturing Survey Improves Further Into Expansion.
August 2016 New Home Sales Decline On Lower Median Sales Prices.
U.S. Real Wage Growth: Fast Out Of The Starting Blocks - Part 1 Of 2
Investing Blog
Monday Morning Call 26 September
We're Back Here We Started
Opinion Blog
Housing Inflation- A Simple Case Of Supply And Demand Exacerbated By Low Rates
Heading For A Fall? With Summer Over, Europe Must Face Up To Its Mounting Crises
Precious Metals Blog
War On Cash Turns To $20, $50, And $100 Bills
Live Markets
26Sep2016 Market Close: Wall Street Remained Down Ahead Of Tonight's Presidential Debate And OPEC's Meeting Later This Week, WTI Crude Falls Back To The 45 Handle, Gold Also Falls Off Session Highs
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government



Crowdfunding ....






























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved