S&P futures extended their Wednesday decline, dropping in the overnight session with banking shares in focus ahead of results from JPMorgan and Citigroup. European stocks likewise retreated along with the dollar, while Asian shares were mixed.
Authored by Mark St.Cyr,
We’re hearing a lot about red lines this week. And when those “lines” are posed at a near incessant pace coming from every corner of the media while including other items such as: chemical weapons, missiles, carrier group, troop movements, and more. It’s easy to see how one gets desensitized. It seems for anyone trying to actually pay attention to world events the task gets harder by the day. It makes one think that maybe Timothy Leary was on to something, but I digress.
S&P futures are unchanged and Asian stocks closed mixed, however European stocks rebounded for first time this week, led by auto stocks after Daimler’s quarterly profit, as a break in alarming political news prompted traders to "swoop" - as Reuters puts it - on equities, cooling a safe-haven rally that saw the yen and gold at five-month highs and global government bond yields to drop their lowest this year.
Submitted by Nick Colas of Convergex
ETFs And The Pricing Of Disruptive Innovation
Authored by Lance Roberts via RealInvestmentAdvice.com,
Prior to the election last year, I penned an article entitled “2400 or Bust” which discussed the potential for a market “melt-up” at that time. To wit: