Though no major economic data was reported this week, Wall Street charged ahead, pushing the Dow Jones Industrial Average above the milestone 15,000 level for the first time on Tuesday. Meanwhile, investors digested several key developments from outside of the U.S.: in a surprising move, the Reserve Bank of Australia slashed its benchmark interest rate by 0.25% to a record low of 2.75%. In Germany, manufacturing activity for the month of March came in better-than-expected; manufacturing orders rose 2.2%, though analysts expected a decline of over 0.5%. China also made headlines after the country posted a trade surplus of $18.16 billion [see The Cheapest ETF for Every Investment Objective].
Coffee over newspaper
- Putting Dow 15,000 in Perspective at The Reformed Broker
In this short, but insightful piece, Joshua Brown gives us his “perspective” on the Dow Jones Industrial Average closing above the milestone 15,000 level.
- Bluff In May And Sell In June at Price Action Lab
The phrase “Sell in May and go away” has been a hot topic in the media, as major U.S. equity indexes continue to push into uncharted territory this month. In this piece, Michael Harris takes a close look at this trend, highlighting what he thinks may happen in the coming months.
- Macro Wrap – Cyclicals Join The Party at Risk Reversal
In this article, Enis Taner outlines his analysis of the market and several corners of the cyclical sector, including energy (XLE), materials (XLB), technology (XLK), consumer discretionary (XLY), industrials (XLI), and financials (XLF).
- Revisiting Reflexivity: Contextualizing Cause & Effect at The Big Picture
Since the first round of QE, many investors have scrutinized and analyzed how exactly the Fed’s massive stimulus measures have been affecting the markets. In this insightful piece, Barry Ritholtz takes a closer look at this subject, highlighting the market reactions to the FOMC actions.
- Can Gasoline Prices Rally From Here? at All Star Charts
In this piece, J.C. Parets gives us his technical analysis of gasoline prices, highlighting the recent price movements of the United States Gasoline Fund (UGA).
- Handicapping The Potential Successors To Ben Bernanke at Casey Research
Ben Bernanke’s bold actions over the years have been closely scrutinized by the public, and many wonder what the Fed will look like in the coming years without Bernanke at the helm. In this article, Paul Brodsky highlights his thoughts on the subject and on potential Fed chairman candidates.
- A High Frequency Map Of The Market at Financial Sense
The financial landscape has changed drastically over the years, leaving many to wonder whether some of the more recent developments on the trading front are helping or hindering the markets. In this article, Cris Sheridan discusses his view on high frequency trading, highlighting how HFT can be used to create a “map of the market.”
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Disclosure: No positions at time of writing.
- Dow Jones Industrial Average
- Reserve Bank of Australia