Yesterday, U.S. stocks experienced one of their worst days of the year. The S&P 500 declined more than 2 percent for the third time this year, and after today’s action, all of the major averages are underwater for the year. Read more about Special Market Update 04-11-14
It’s been a fairly light week for U.S. economic data. The most notable piece of information to hit the wires, today’s jobless claims, offers another indication of renewed U.S. economic traction. The Labor Department reported that initial claims for unemployment insurance fell by 32,000 last week to 300,000, bringing the four-week moving average back to a level not seen since prior to the Great Recession in the summer of 2007. The latest reading was well below the 320,000 analysts had been expecting. Read more about Stocks Decline Despite the Economy Looking Up 04-10-14
We have an exciting issue for you today that covers a wide range of topics, including the introduction of a tried-and-true indicator inspired by a clergyman.
If now applied to the gold market, we see that the indicator recently generated an important buy signal. The last time that this system generated a similar buy signal, gold sold for $270 an ounce and was just a few weeks into what would become an epic, 10-year bull market. Read more about Oil Conundrum
In April, the U.S. Federal Reserve will initiate its third reduction in quantitative easing, scaling down its monthly bond buying by an additional $10 billion to $55 billion. This will be the third such cut since January when the Fed first began to taper. Read more about Europe Preps for QE 03-27-14
By Gregory Dorsey
The EU this week joined Washington in imposing sanctions on key aides and allies of Vladimir Putin in an attempt to force Moscow to turn away from bringing Crimea into the Russian Federation and prevent similar moves on other parts of Europe. However, those very mild sanctions, which include the freezing of assets and travel restrictions, won’t achieve their desired effect.
From our reading of history and through discussions with both Russians and Ukrainians, we deduce that the West will not weaken Moscow’s resolve in the Crimea matter. Moreover, any further attempt to dissuade Russia through additional economic sanctions would likely harm the EU as much or more than it would hurt its intended target.... Read more about Deceit, Debt and Defense