huh, we got a weird Wednesday morning with futures traders, all sectors are down! --metals lead the way and stock indexes follow. For stocks it makes sense after the way yesterday's modest gains came in on light trade (w/ big money expecting a downside). The gains were never quite able to crack though their resistance ceilings and now they've run out of steam. Other news:
- Europe Stocks Hit by Increase in Inflation Rate Wall Street Journal - 2 hours ago The euro edged higher and a recent rally in European stocks stalled Wednesday, with a pickup in inflation inside the currency bloc denting expectations that the European Central Bank is set to provide further monetary stimulus any time soon.
- Why Investors Expect To "Sell In May And Go Away" After a volatile month, ETF investing strategists expect the stock market to follow the seasonal "sell in May and go away" script as many technical indicators are warning that a sell-off lies ...Investor's Business Daily
- Playing Defense In a Market In Transition - Kevin Marder, MarketWatch
- Economy Acts As Predicted, Except When It Doesn't - Irwin Stelzer, TWS
- As Prices Rise, the Housing Recovery Wobbles - Paul Davidson, USA Today
- It Would Be a Shock If the FOMC Changes Direction - Stephen Oliner, RCM
- Fed expected to take further step toward ending bond buying
- The Largest LBO Ever Finally Hits Bankruptcy - Matt Levine, Bloomberg
- 2 giant banks, seen as immune, become targets Prosecutors are looking to address public outrage and alter the belief that Wall Street institutions are “too big to jail.”
- Senate ready to sink effort to boost minimum wage
- The Minimum Wage Has Its Origins In Racism - Carrie Sheffield, Forbes
