Succinct Summations of Week’s Events 2.20.14

Succinct Summations week ending February 20th


1. Stocks keep humming, the S&P 500 and Russell 2000 made new all-time highs.
2. Initial jobless claims fell to 283k vs the 290k expected.
3. EU consumer confidence hit the highest levels since Sept 2007
4. Markit US manufacturing PMI came in at 54.3, slightly higher than expected.
5.  The Nasdaq Composite is now less than 4% away from taking out the March 2000 highs.


1. PPI fell 0.8% m/o/m vs expectations of a 0.4% drop. Core PPI fell 0.1% m/o/m vs expectations for a 0.1% rise.
2. UK inflation fell to 0.3% in January, the lowest number since they began measuring CPI in 1988.
3. Empire manufacturing index came in at 7.78, a slight miss and down from 9.95 last month.
4. NAHB confidence index fell to 55 in February, down from 57 in January (still firmly in positive territory).
5. Housing starts fell 2% to 1.065mm, slightly lower than expected.
6. Industrial production rose 0.2% in January, below the 0.3% expected rise.
7. Philly fed came in at 5.2 vs 9 expected, the lowest reading in a year.

Category: Markets

History of High-Frequency Trading

Source: Investoo

Category: Digital Media, Quantitative, Trading

10 Insane Things We Believe On Wall Street

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Category: Corporate Management, Investing, Philosophy, Really, really bad calls

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Category: Financial Press

Kawasaki’s Totally Illegal Ninja Superbike

  Kawasaki has unveiled the most powerful production motorcycle ever. The 2015 Ninja H2R generates a ludicrous 300 horsepower from its supercharged engine. (conpare with Alfa Romeo’s 4C that has 237 HP; BMW’s popular HP4 superbike = 193.   More photos and video after the jump       Source: Businessweek

Category: Weekend

Are We Becoming a Part-Time Economy?

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Category: Markets

Subprime Rising

Source: WSJ

Category: Credit

Swiss Leaks

Source: WonkBlog

Category: Finance, Legal

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Category: Financial Press

10 Thursday AM Reads

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Category: Financial Press