Succinct Summations week ending April 11th

Positives:

1. AAII bulls dropped to 28.5%.
2. UMich April consumer confidence came in at 82.6, up from 80 and better than the 81 expected.
3. PPI came in at 0.5% in March, much higher than the 0.1% expected and up 1.4% y/o/y. A little bit of inflation is much more desirable than deflation.
4. Publicly traded companies issued a record number of dividend increases in Q1
5. People still quick to call tops can be bullish.
6. Initial jobless claims dropped to 300,000, the lowest level since May 2007.
7. Greek 10-year dropped below 6% for the first time since 2010.

Negatives:

1. Violent action in momentum names continue, stoking fears of spread to broader indices
2. Nasdaq composite lost 4.6% over the past 3 days, the worst 3-day loss since 2011.
3. The QQQs had it’s single worst day in nearly 3 years.
4. Chinese exports dropped 6.6% m/o/m v expectations of a 4% growth.
5. Japan core machinery orders for February fell 8.8% m/o/m v -2.6% expected, ouch.
5. IMF trims 2014 global growth forecast to 3.6% from 3.7%
6. The Dow Jones, the index that retail investors see finished down 2.3% for the week

 

Thanks, Batman

Category: Markets

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3 Responses to “Succinct Summations of Week’s Events 4.11.14”

  1. CD4P says:

    Don’t know whether or not The Big Picture has seen this already, but its an interesting workplace model:

    http://qz.com/197060/to-grow-your-company-and-make-millions-start-working-four-days-a-week/

    • constantnormal says:

      … some interesting techniques to ramping up employee efficiency … but not really surprising, I suspect that more could be uncovered by time studying the work force (or even better, have managers get acquainted with exactly how their people spend their days — in a curious, not punitive manner) and evaluating the biggest chunks of time spent as to their value in generating profits (which includes keeping employees sane), and then eliminating those that are detrimental to that end, by policy or automation …

      I suspect that long work-days (and work-weeks) can be (and likely already have been) shown to be detrimental to employee effectiveness, witness the number of stories by “highly effective people” about how they come in an hour early, because they get more done in that hour than they do the rest of the day.  So why spend the rest of the day grinding them down?

  2. [...] A look back at the economic week that was.  (Bonddad Blog, Big Picture) [...]