Celebrate Bad Times Come On!

The market is again celebrating bad times, with the broader indexes finding solace in the fact that the latest economic data was distressing yesterday. The reason why? Well, bad news might keep the Fed on the gas pedal and get it from its evil thoughts of slowing the free money flow girls…

Our founder earned clients a 23% average annual return over five years as a stock analyst on Wall Street. "The Greek" has written for institutional newsletters, Businessweek, Real Money, Seeking Alpha and others, while also appearing across TV and radio. While writing for Wall Street Greek, Mr. Kaminis presciently warned of the financial crisis.

Market ETF	June 4 AM	Year-to-Date
SPDR S&P 500 (SPY)	+0.3%	+15.8%
SPDR Dow Jones (DIA)	+0.1%	+16.0%
PowerShares (QQQ)	+0.3%	+13.3%

Economic Events

The International Trade Report for the month of April is expected to show the trade deficit expanded to $41.2 billion, from $38.8 billion the month before. In March, exports fell 0.9% while imports were down 2.8%. Export and import activity have dulled since recovering post the crisis and recession.

The regular weekly retail same-store sales report of the International Council of Shopping Centers (ICSC) is on tap for Tuesday. Last week’s report covering the period ending May 25 showed a week-to-week sales decrease of 0.9%, following the 0.2% rise the week before. On a year-to-year basis, sales were higher by 2.8%, versus the 3.1% increase in the prior week.

Several Fed speakers are on the board for Tuesday, with Federal Reserve Governor Raskin, Kansas City Fed Chief George and Dallas Fed Bank President Fisher all scheduled to speak in the afternoon.

Overseas Markets

EUROPE	10:30 AM ET	ASIA/PACIFIC	CLOSE
EURO STOXX 50	+0.6%	NIKKEI 225	+2.1%
German DAX	+0.3%	Hang Seng	+0.01%
CAC 40	+0.4%	S&P/ASX 200	+0.3%
FTSE 100	+0.6%	Korean KOSPI	Unchanged
Greek ASE	-2.8%	BSE India SENSEX	-0.3%

Commodity Markets (10:18 AM ET)

WTI Crude	-0.9%
Brent Crude	-0.4%
RBOB Gasoline	-0.3%
NYMEX Natural Gas	+0.7%
Gold Spot	-1.0%
Silver Spot	-1.3%
COMEX Copper	+0.9%
CBOT Corn	-1.7%
CBOT Wheat	-0.04%
CBOT Soybeans	-0.5%
ICE Sugar	+0.1%
ICE Cocoa	+0.9%
ICE Orange Juice Conc.	+1.1%
CME Live Cattle	-0.1%

Corporate Events

In corporate news, American Airlines is in bankruptcy court seeking approval for its restructuring plan. Look for analyst and investor meetings at Entegris (Nasdaq: ENTG), Informatica (Nasdaq: INFA) and Infoblox (Nasdaq: BLOX). The Bank of America Merrill Lynch Global Technology Conference (NYSE: BAC) has the presentations of Applied Materials (Nasdaq: AMAT), Altera (Nasdaq: ALTR) and NVIDIA (Nasdaq: NVDA). The J.P. Morgan (NYSE: JPM) Diversified Industries Conference has the presentation of Tyco International (NYSE: TYC). The Deutsche Bank (NYSE: DB) dbAccess Global Financial Services Investor Conference brings AIG (NYSE: AIG) to the podium. The Jefferies Global Healthcare Conference offers news from Agilent Technologies (NYSE: A). The EPS schedule highlights news from Dollar General (NYSE: DG), Air T Inc. (Nasdaq: AIRT), American Woodmark (Nasdaq: AMWD), Analogic (Nasdaq: ALOG), Bazaarvoice (NYSE: BV), Bob Evans Farms (Nasdaq: BOBE), ePlus (Nasdaq: PLUS), Exa (NYSE: EXA), Mattress Firm Holdings (Nasdaq: MFRM), Mitcham Industries (Nasdaq: MIND), NCI Building Systems (NYSE: NCS), Qiwi (Nasdaq: QIWI) and SHFL Entertainment (Nasdaq: SHFL).

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.