14-18 Ec-anemic Colostomy: Earnings? Health of Retail/Home Builds/Claims? Turn your head and cough
Say nuts and retch. FOR EARNINGS sing Baby it was cold outside Jan-March timeframe, AGAIN, only with some validity for the entire 1/4-- And yes, a cold March,should "explain" a dismal March report. It "helped" the excuses to have snow early April, but 7% drop met with "we're going to get about a seven percent drop" 7% too late. Did they mean a 14% drop? Hint: They can't even figure 1/4% move in the market is HUGE (62% amortized a year), they call that "slight".
Tell you what. I'll take a quarter point a day forever, but, what do I know, I just do fourth grade math. It's no consolation being right, popularity is more important in this country. Here are the figures already explained by weather, but hey, maybe they'll find there's a Blu Ray edition with easter eggs in it, just like the FOMC repeat performance when they pubbed the month before's notes. That worked out, right? No.
Apr 14 8:30 AM Retail Sales Mar - 1.2% 1.0% 0.3% -
Apr 14 8:30 AM Retail Sales ex-auto Mar - 0.7% 0.5% 0.3% -
Apr 14 10:00 AM Business Inventories Feb - 0.6% 0.6% 0.4% -
Apr 15 8:30 AM CPI Mar - 0.1% 0.1% 0.1% -
Apr 15 8:30 AM Core CPI Mar - 0.1% 0.1% 0.1% -
Apr 15 8:30 AM Empire Manufacturing Apr - 7.5 7.5 5.6 -
Apr 15 9:00 AM Net Long-Term TIC Flows Feb - NA NA $7.3B -
Apr 15 10:00 AM NAHB Housing Market Index Apr - 51 50 47 -
Apr 16 7:00 AM MBA Mortgage Index 04/12 - NA NA -1.6% -
Apr 16 8:30 AM Housing Starts Mar - 910K 955K 907K -
Apr 16 8:30 AM Building Permits Mar - 980K 1003K 1018K -
Apr 16 9:15 AM Industrial Production Mar - 0.7% 0.5% 0.6% -
Apr 16 9:15 AM Capacity Utilization Mar - 78.9% 78.8% 78.4% 78.8%
Apr 16 10:30 AM Crude Inventories 04/12 - NA NA 4.030M -
Apr 16 2:00 PM Fed's Beige Book Apr - NA NA NA -
Apr 17 8:30 AM Initial Claims 04/12 - 320K 312K 300K -
Apr 17 8:30 AM Continuing Claims 04/05 - 2800K 2800K 2776K -
Apr 17 10:00 AM Philadelphia Fed Apr - 9.0 8.6 9.0 -
Apr 17 10:30 AM Natural Gas Inventories 04/12 - NA NA 4 bcf
16 Apr Yellen says she's worried about inflation not hitting a target of 2% and jobs and the market takes off as if her job description, yeah, that's her job description, was some kind of tonic. Talk about the definition of smoke (inflation), and mirrors(jobs sux).
Inflation is smoke, not an objective, and we all know smoking leads to cancer. But the new housing picture was a goldilocks number, 1/3rd the pop expected, so existing homes may have a chance at resisting the storm of higher interest rates accompanying the whiff, let alone actual, bond buying tapering--that also seemed to make sense to those of us clinging to the disbelief that the market is made of nothing but lemmings.
In a couple hours, it's claims claims claims. Nothing seems to encourage business to hire, why should they, the 81% working are terrified, wages are stagnant or falling, the government has taken the cost of living out of the cost of living, and corporatocracy rules. And this is under the Democruds. Imagine how "good" it would be under Repukelicans?
One party thinks everything is an entitlement, the other views workers as chickens to their wolves of Wall Street.
Retail sales SURGE 1% even though it's cold outside. Whee. Until the market reminds itself the Fed is leaving the building, it's up incrementally. Of course, a 1/4% today would translate into 62% a year, if it happened every day, so, to me a 1/4% is terrific. But what do I know, I am not an economist, whose figured out how to get an "A" on a math test by submitting essays.
Talk about sucked-air rotation. Dow up, but anything below the dragalong S and P is pharting at the Finnish and is WAY down after the morning being solidly up. Look at the Rustled 2000 down, and all that talk about emerging markets? DOWN. Still for contrarian investors buying ops in crushed arenas are developing, as long as recovery limps along. Every time the market goes up "strong", the yammering of Mz Fed Chairman Yellen Rate Popper the 1st whispers in your ear "pop the balloon, the party is over March 2015".
Know how "quick" a business news day it has been? You see a lot of talk about tax day today April 15? Usually the financial talk is ripe with tips and other drivel, commercials, don't forget nonsense.