Peace on Earth - April Fool's!
I'm making Marley taste my food in case it's poisoned... Shhh |
I was looking around for a reason to rally and I could hardly find any save for the aging words of Fed Chair Yellen and a report out of the Ukraine that a Russian battalion was backtracking. But the closer I looked, the worse things got. First of all, no matter what Yellen says, the “dots” counter her and show that the Fed Funds Rate shall rise yonder.
As far as Russia is concerned, and I’m sorry to say because of attempted hacks upon me today (on my many articles about Russia I suppose), it looks like the withdrawal is a farce intended to redirect attention away whilst the red giant seeks to see what it can get out of a desperate West for leaving Ukraine be. NATO says it doesn’t see any troop movement, and a battalion is only 1500 men or so anyway, which is hardly a dent in the 10s of thousands on guard at the border. Meanwhile, tanks are coming in via train, according to the rival, to shore up the new Crimea. Take note, as well, that nationalists in Ukraine are being bullied by local cops to give up their arms, so as to not incite the enemy on guard. Imagine if the U.S. government asked you to give up your guns so some other nation wouldn’t get upset!
Anyway, I’m going to plead with the KGB and NSA now to please leave me alone as I promise not to stir things up too much in return, and focus on company specific articles rather than the geopolitically infused discernment I’ve been dishing. Okay, nice talk nice walk now? After all, I’m just a poor boy and baseball season and summer beach days outta keep me out of your hair…
April Fools!
Market ETF
|
April 1
|
YTD
|
TTM
|
SPDR S&P 500 (NYSE: SPY)
|
+0.4%
|
+1.6%
|
+20.3%
|
SPDR Dow Jones (NYSE: DIA)
|
+0.4%
|
-0.4%
|
+13.4%
|
PowerShares (Nasdaq: QQQ)
|
+1.3%
|
+1.0%
|
+29.6%
|
SPDR Gold Shares (NYSE: GLD)
|
-0.1%
|
+6.3%
|
-20.2%
|
iShares US Real Estate (NYSE: IYR)
|
-0.4%
|
+6.8%
|
-3.3%
|
United States Oil (NYSE: USO)
|
-1.5%
|
+2.0%
|
+3.9%
|
PowerShares DB US$ Bullish
(NYSE: UUP)
|
-0.1%
|
-0.4%
|
-4.8%
|
PIMCO Total Return ETF (NYSE: BOND)
|
Unch%
|
+1.8%
|
-3.0%
|
Stocks are running thanks to yesterday’s remarks from Janet Yellen, but assisted today by hope, which springs eternal it seems. It’s warm today in the Northeast and has the feel of spring. Even the trees outside my window are showing signs of blooming soon, which is a wondrous sight that I’ll share with you when the time is right (great, now they can find me!). I say “hope” and not data, because unlike other media outlets, I do not see much good news to report today. In fact, based on what I see, stocks should be sliding.
Economic Events
ECONOMIC REPORT SCHEDULE
|
|||
Economic Data Point
|
Prior
|
Expected
|
Actual
|
TUESDAY
|
|||
53.2
|
54.0
|
53.7
|
|
57.1
|
56.8
|
55.5
|
|
15.3M
|
15.8M
|
||
-Domestic Sales Only
|
12.2M
|
12.4M
|
|
-0.2%
|
0.1%
|
+0.1%
|
|
-1.5%
|
+3.6%
|
||
-Year-to-Year Pace
|
+1.7%
|
+0.6%
|
|
+3.1%
|
+2.3%
|
||
Economic data don’t be showing no goodies, not a one. The ISM Manufacturing figure fell short of expectations while inching up over last month. Meanwhile, the PMI Manufacturing noise fell short of both last month and the economists’ consensus. Construction spending hardly moved higher and not at any pace worth mentioning. Okay, so people did a little shopping last week, but a look at the year-to-year comparison seems to say there’s probably some Easter noise in there. It’s just not even worth my looking up the calendar… You check it out and get back to me eh; I gotta stay hidden here under my bed.
Overseas Markets
EUROPE
|
%
|
ASIA/PACIFIC
|
%
|
Vanguard FTSE Europe (NYSE: VGK)
|
+0.6%
|
Precidian MAXIS Nikkei (NYSE: NKY)
|
-0.1%
|
iShares MSCI UK (NYSE: EWU)
|
+0.1%
|
SPDR S&P China (NYSE: GXC)
|
+0.6%
|
iShares MSCI France (NYSE: EWQ)
|
+0.8%
|
iShares Asia 50 (NYSE: AIA)
|
+1.1%
|
iShares MSCI Germany (NYSE: EWG)
|
+0.6%
|
iShares MSCI S. Korea (NYSE: EWY)
|
+1.1%
|
Global X FTSE Greece (NYSE: GREK)
|
+0.3%
|
iPath MSCI India (NYSE: INP)
|
+0.9%
|
The international markets rallied on bad news, yes bad news, out of China. PMI numbers out of that troubled communist catastrophe (I mean communal not communist – Yikes, I just keep stepping in it), show more weakness. But the market is twisting that news around to sound more like: Yeah baby, the ECB is gonna work some magic on Thursday and the Commies should follow. There’s a big shindig going on in Greece too this week, and they’re apparently determining my ancestral brothers won’t need any more dough. There goes the neighborhood… Don’t fret sister; I don’t know what I meant either.
Commodity Markets
United States Oil (NYSE: USO)
|
-1.5%
|
iPath SP Crude Oil (NYSE: OIL)
|
-1.5%
|
U.S. Natural Gas (NYSE: UNG)
|
-2.3%
|
U.S. Gasoline (NYSE: UGA)
|
-1.2%
|
SPDR Gold Trust (NYSE: GLD)
|
-0.1%
|
Market Vectors Gold Miners (NYSE: GDX)
|
+0.6%
|
iShares Silver Trust (NYSE: SLV)
|
-0.1%
|
iPath DJ UBS Industrial Metals (NYSE: JJM)
|
Unch%
|
Teucrium Corn ETF (NYSE: CORN)
|
+1.3%
|
Teucrium Wheat Fund (NYSE: WEAT)
|
-1.1%
|
Teucrium Soybean Fund (NYSE: SOYB)
|
+2.3%
|
iPath DJ-UBS Cocoa (NYSE: NIB)
|
Unch%
|
iPath DJ-UBS Sugar (NYSE: SGG)
|
-3.8%
|
ICE Orange Juice Conc.
|
-2.7%
|
CME Lumber
|
+2.1%
|
CME Live Cattle
|
-1.6%
|
Oil prices are sliding since all’s well in Ukraine! Wait a second; Russia just hiked the price of natural gas to bleed their enemy dry one way or another. Shouldn’t natural gas and oil prices be on the incline then? Check these prices again shortly as they may simple be behind the news curve.
Corporate Events
Don’t be fooled again. It’s not earnings season yet and so the list is short here.
HIGHLIGHTED EPS REPORTS
|
|
Company
|
Ticker
|
TUESDAY
|
|
Apollo Education
|
Nasdaq: APOL
|
Axion Power Int’l
|
Nasdaq: AXPW
|
Bridge Capital
|
Nasdaq: BBNK
|
Clearfield
|
Nasdaq: CLFD
|
Cytomedix
|
Nasdaq: CMXI
|
Dataram
|
Nasdaq: DRAM
|
Document Security Systems
|
NYSE: DSS
|
Dolan
|
Nasdaq: DOLNQ
|
Fusion Telecommunications
|
Nasdaq: FSNN
|
La Jolla Pharmaceutical
|
Nasdaq: LJPC
|
Nortech Systems
|
Nasdaq: NSYS
|
NovaBay Pharmaceuticals
|
NYSE: NBY
|
Orient Paper
|
NYSE: ONP
|
Saratoga Resources
|
Nasdaq: SARA
|
Star Gas Partners
|
NYSE: SGU
|
Sunshine Heart
|
NYSE: SSH
|
TODAY’S MOST ACTIVE STOCKS
|
|
BIGGEST GAINERS
|
% Gain
|
Ku6 Media (Nasdaq: KUTV)
|
+56%
|
Providence Service (Nasdaq: PRSC)
|
+26%
|
Highpower International (NYSE: HPJ)
|
+24%
|
Sungy Mobile (Nasdaq: GOMO)
|
+18%
|
IsoRay (NYSE: ISR)
|
+16%
|
TetraLogic Pharmaceuticals (Nasdaq: TLOG)
|
+16%
|
Balchem (Nasdaq: BCPC)
|
+17%
|
Castlight Health (Nasdaq: CSLT)
|
+14%
|
Recon Technology (Nasdaq: RCON)
|
+13%
|
Rubicon Technology (Nasdaq: RBCN)
|
+13%
|
BIGGEST LOSERS
|
% Drop
|
Astea Int’l (Nasdaq: ATEA)
|
-21%
|
You On Demand (NYSE: YOD)
|
-17%
|
Tiger Media (NYSE: IDI)
|
-18%
|
Galectin Therapeutics (Nasdaq: GALTU)
|
-14%
|
The Medicines Corp. (Nasdaq: MDCO)
|
-15%
|
Clean Diesel Technologies (Nasdaq: CDTI)
|
-14%
|
JGWPT Holdings (NYSE: JGW)
|
-15%
|
Prana Biotechnology (Nasdaq: PRAN)
|
-14%
|
Galectin Therapeutics (Nasdaq: GALTW)
|
-13%
|
CUI Global (NYSE: CUI)
|
-12%
|
Peace out, I’ll see you later, or never if I see you first dear spy fr-enemies. This is not a secret message: H E L P
Other reports for your review but don’t read them if you’re Communist:
Putin & Yellen Support the SPDR Gold Trust Outlook
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.
Labels: Market-Outlook, Market-Outlook-2014-Q1
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