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Frontrunning: April 26

  • The Fed Is Meeting in April to Talk About June (BBG)
  • Global stocks, oil prices climb as investors ready for Fed (Reuters)
  • Apple Results to Show How Far iPhone Sales Have Fallen  (BBG)
  • On Election Eve for five states, Trump rips Cruz and Kasich (Reuters)
  • President Xi Jinping’s Most Dangerous Venture Yet: Remaking China’s Military (WSJ)
  • Oil's Recovery Inches Higher as 'Fracklog' Awaits Price Trigger (BBG)
  • Malaysia’s Reputation Takes Another Hit as State Fund Defaults  (BBG)

As Fed Meeting Begins Futures Are Flat In Sleepy Session; Apple Earnings On Deck

As Fed Meeting Begins Futures Are Flat In Sleepy Session; Apple Earnings On Deck

With the Fed decision just one day away, followed the very next day by the increasingly more irrational BOJ, stocks had no desire to make significant moves and overnight's boring session was the result, as European stocks and U.S. index futures rose modestly but mostly hugged the flatline while Asian declined 0.2% for a third day as raw-material shares declined and Tokyo equities slumped before central bank meetings in the U.S. and Japan this week. China’s stocks rose the most in almost two weeks, up 0.6% but failed to rise above 3000 on the Shanghai Composite, in thin trading.

The West Dies With Its Gods

In a recent column Dennis Prager made an acute observation. “The vast majority of leading conservative writers … have a secular outlook on life. … They are unaware of the disaster that godlessness in the West has led to.”

These secular conservatives may think that “America can survive the death of God and religion,” writes Prager, but they are wrong. And, indeed, the last half-century seems to bear him out.

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