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The Week That Was: April 22nd-26th 2013

Tyler Durden's picture




 

Succinctly summarizing the positive and negative news, data, and market events of the week...

Positives

  1. Spanish spreads ignore reality, continue to compress
  2. March new home sales beat expectations (average prices plunge)
  3. Apple to 'return' billions to shareholders (and continue to avoid paying taxes)
  4. UK avoided a triple dip recession (for now)
  5. Gold begins to retrace its ugly plunge
  6. BTFD! Central banks admit they're purchasing stocks – quite bullish for those trading on momentum & pretending it's fundamentals
  7. Initial Jobless Claims beats expectations
  8. Oil surges most in five months
  9. EuroStoxx 600 surging (your textbook 'all news is good news' market hypothesis)
  10. SBUX hits Q2 estimates, (lowers Q3 guidance)
  11. UMich Consumer Sentiment beats expectations (but dropped and languishes at the same level as a year ago)

 

Negatives

  1. Chinese & German PMI's disappoint
  2. US Mint halts sales of gold bullion, as surging demand depletes inventory (negative for those who pretend paper gold is the same as physical)
  3. The tweet heard 'round the world -- See one tweet make market liquidity completely disappear
  4. US business cycle index plunges most in 22 months, equities ignore
  5. There's a slideshow for that: CNBC viewership surges plunges to eight year lows
  6. Unpossible: Countries ramp up fx reserve diversification (away from the USD)
  7. March durable goods numbers are hideous, equities love it
  8. Europe’s bank lending plummets
  9. Bundesbank rejects OMT (potentially ruining Draghi’s ESM party)
  10. The ‘fringe’ would like to know: What's happening with JP Morgan's gold?
  11. Syrian chemical weapons – ‘incursion’ imminent?
  12. Spain worst unemployment ever, slashes growth forecast and will miss deficit target
  13. US GDP misses expectations

 

Additional

 

(h/t @ZH_Crown)

 

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Fri, 04/26/2013 - 17:14 | 3503906 SelfGov
SelfGov's picture

Why does an oil price surge get listed as a positive?

Fri, 04/26/2013 - 17:18 | 3503916 George the baby...
George the baby crusher's picture

I think it's called sarcasm!

Fri, 04/26/2013 - 17:17 | 3503921 macholatte
macholatte's picture

 

Celente goes Ballistic…. again

 

The fun begins around 23:30

 Gerald Celente - Alex Jones InfoWars - April 25, 2013

 https://www.youtube.com/watch?v=VvLu9hy5jHQ&feature=em-uploademail

 

Fri, 04/26/2013 - 17:18 | 3503915 George the baby...
George the baby crusher's picture

When positive is negative, we're really hittin' rock bottom.  Just haven't felt the thud yet!

Fri, 04/26/2013 - 17:41 | 3503996 howenlink
howenlink's picture

300,000,000+ Americans did not blow up anything.

Fri, 04/26/2013 - 18:16 | 3504087 Mojeaux18
Mojeaux18's picture

Middle East is unexpectedly still stable.

News you'd expect to cause something to happen "unexpectedly" didn't.

News you'd expect wouldn't cause anything to happen "unexpectedly" did.

The real news is unexpectedly not covered.

What passes as news is unexpectedly overly covered.

Unexpectedly and on cue Paltrow's butt is shown and looks awesome.

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