It was a great ride --four days of rising stock prices-- but it got cut short yesterday in light trade that looked like consolidation/profit taking; more details in the wrapup free at IBD TV. This morning seems more like a return to normal with metals'n'stock futures soaring (heat map here). News:
- Mood tense before U.S. jobs data, euro nurses losses Investors took to the sidelines ahead of monthly U.S. employment data on Friday, with whisper numbers pointing to a strong showing, and the euro nursed losses after the European Central Bank opened the door to more aggressive easing, albeit not yet. The March U.S. payrolls report looms as a major test of the argument that the economic weakness of January and February was due to bad weather and the recovery is still on track. Most attention remained on the…
- Market crash ‘omens’ bode well for stocks Stocks hit another record high on Wednesday but you’d never know it from the headlines. Far from dancing in the streets pundits and young investors are focused on a 130-year old “sell-signal” possibly shaping up based on ancient technical indicators. It’s the latest in a series of ominous comparisons. Who can forget last year’s repeated “Hindenberg Omen”? Once that theory went up in smoke it was replaced by a 1929 meme.
- US home market: Few buyers and not enough sellers Entering the 2014 spring buying season, the U.S. housing market faces an unusual dilemma: Too few people are selling homes. Yet too few buyers can afford the homes that are for sale. "Both sides of ...
- Bank Lending Starts to Bloom One of the key missing ingredients of this recovery has been bank lending, but there have been signs in this first quarter that lending might finally be making a return. Heard on the Street’s John Carney joins MoneyBeat.
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--and a beautiful Friday morning to all!