Succinctly summarizing the positive and negative news, data, and market events of the week...
Positives
- April retail sales up .1%, [9] although gasoline sales fall hard
- S&P continues to hit all-time highs as credit plunges [10]
- Gold shorts at all-time highs [11], must be bullish…
- Japanese institutions heart European debt [12]
- Nasdaq breaks through 3,000 for the first time since 2000 [13]. 2000, what was happening in 2000?
- Oh-Em-Gee does David Tepper love stocks [14], and the Fed
- And Tuesday makes 18 -- Dow finishes green on Tuesday for 18th consecutive time [15]
- Everyone calm down, Kuroda confirms the Nikkei is not in bubble formation [16]. As the smart folks say, "driven by fundamentals"
- Ramp: ON [17] -- equities continue to soar, PM's getting slammed, TSY yields tick up, and VIX stays asleep
- You ask for miracles Theo, I give you A.B.E.! [18] Japan's Q1 GDP beats expectations
- Umich Confidence surges [19] to its highest since August 2007
Negatives
- JGB futures halted, again [20]
- No more POMO? Hilsy opines [21]…
- Industrial production drops in April [22], misses estimates
- PPI drops, & the Empire Fed is just ugly [23]
- Europe Q1 GDP [24] confirms that you should load up on as much European debt as possible, as it is mired in recession
- Heads Up: Auto loan delinquency [25] balances rise 23.9% YoY
- Is the market just being driven by short covering [26]? Hint: Yes. But don't just take our word for it [27]
- Wal-Mart customers apparently unaware there is a ripping bull market. Q1 disappoints [28], and guides lower
- Philly Fed mfg outlook for May collapses [29]
- More Macro-tourist nonsense to be ignored: initial claims, housing starts, cpi [30] all dismal
Additional
- Ron Paul: what no one wants to hear [31] about Benghazi
- Support seems to be deteriorating [32] for the great European socialist project
- Marc Faber offers sage advice [33], and it has nothing to do with the market
- Third Point [34] Q1 holdings update
- ***Are the Japanese banks on the verge of insolvency [35]?
- Worth a watch: dusting off the Michael Burry speech [36]
(h/t @ZH_Crown)