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The Week That Was: April 29th- May 3rd 2013

Tyler Durden's picture





 

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

Positives

  1. March consumer spending rises, but look at what they spent it on
  2. At least someone has a backlog: Gun manufacturer Sturm, Ruger's backlog jumps
  3. Home prices rise 9.3% YOY -- how's that non-seasonally adjusted number look?
  4. Apple has record $17 billion bond offering, when's the next one?
  5. #Timestamp: Equities completely ignore awful macro data, continue to set new highs
  6. US April manufacturing index prints 50.7, and is not yet contracting!
  7. Fed is prepared to increase or reduce purchases - said another way, they've got your back
  8. The ECB cut rates, which using today's logic, means that demand will pick up any minute now
  9. Initial jobless claims come in well below expectations, & trade deficit narrows in March
  10. SPX hits all time highs, and oil spikes – here’s a look under the hood
  11. Non-Farm Payrolls beats majestically – but the hours worked suggests anything but economic improvement
  12. Dow 15,000 and S&P 500 1,600 – must be good

Negatives

  1. U.S. & Euro Area savings rates plummet
  2. A crack in the dam? Sallie Mae cancels $225MM bond offering after investors demand more yield
  3. Dallas Fed's manufacturing index implodes in April, posts worst miss on record
  4. Symantec Flash-Crash destroys over $1.5 billion in less than a second
  5. Chicago PMI falls to 49, just your average 3.5 year low
  6. US home ownership rate drops to 1995 levels
  7. Treasury issues draft floating rate note term sheet -- those not familiar should catch up here
  8. April ADP misses
  9. Crude inventories at record highs, as energy demand falters
  10. Participation rate still at 1979 levels
  11. Factory Orders and ISM Service miss large

Additional

 

(h/t @ZH_Crown)

 


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Fri, 05/03/2013 - 16:50 | Link to Comment SandiaMan
SandiaMan's picture

Arizona becomes second state to make gold & silver legal tender

 

This was vetoed by Czar Brewer

 

Fri, 05/03/2013 - 16:59 | Link to Comment Alex Kintner
Alex Kintner's picture

12 Positives to 11 Negatives. Bullshit Bullish. All In.

Fri, 05/03/2013 - 17:19 | Link to Comment Bunga Bunga
Bunga Bunga's picture

Can you pay taxes with silver coins?

Fri, 05/03/2013 - 17:20 | Link to Comment Yen Cross
Yen Cross's picture

 Gotta love the SHITINESS...

Fri, 05/03/2013 - 18:10 | Link to Comment sitenine
sitenine's picture

The 'Positives' category qualifies as Friday humor.

Fri, 05/03/2013 - 19:54 | Link to Comment Stuck on Zero
Stuck on Zero's picture

I like the bull and bear picture.  The only thing missing are the asses in the middle.

 

Fri, 05/03/2013 - 20:38 | Link to Comment SILVERGEDDON
SILVERGEDDON's picture

That, sir, is all of us - getting fucked by both sides of the fence. Funny, same thing occurrs in politics - just different animals, but the outcome is the same. Joe Public gets a sore ass, poverty, and the blame for not being a good little consumer. Fuck, yeah. Good times.

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