Succinctly summarizing the positive and negative news, data, and market events of the week...
Positives
- Gold selling off hard - Investors no longer worried about inflation is the meme (What Happened Last Time We Saw This? [7])
- March housing starts surge (But What's Beneath the Headline [8])
- Gas prices & CPI Drop in March [9]
- Obama prepares for 'Stability Operations' [10] in Syria -- Uber bullish during recessions
- Initial Claims Don't Miss By Much [11]…
- Beige Book wasn't terrible [12]
- Lagarde is "Deliberately, Decisively, Desperately Optimistic [13]", So there's that
- First Boston Bomber found and killed – Chechen origin perhaps seen by market as evidence not a systemic terrorist threat [14]
- G-20 Communique confirms Japan can continue with its devaluation [15]
Negatives
- Philly Fed Mfg Index Misses Big [16] (Predictably, we're told to ignore it)
- Alas, Empire Mfg Index Also Disappoints [17]
- Homebuilder confidence plunges [18]
- Housing Starts plunge [8]
- Gold drops most in 30 years [19]
- File under: ‘Recovery’-- US households on foodstamps Hit Record High [20]
- Hindenburg Omen Reappears [21]
- Our 'Recovery' file is getting full: IMF Slashes World Growth Expectations [22]
- 10Yr Treasury Yields at 2013 Lows [23]
- Apple tests new 'Generational Lows' [24]
- US Mint Selling Gold [25] Before it Hits $0
- IMF Slashes World Growth forecast [22]
- IMF Warns On Spanish Debt Load [26] (Insert Obligatory Reinhart & Rogoff Excel Error Rebuttal)
- IBM misses both top & bottom line
- Earnings are a total disaster [27]
- Fitch downgrades UK to AA+ from AAA [28]
- Worst week in macro data for 11 weeks [29]
Additional
- Tragedy in Boston [30]
- Gold's move in Context [31]
- Dylan Grice discusses Gold: "Inflation is slow and is a long-term problem [32]"
(h/t @ZH_Crown)