Financial Markets and Economy
Why a deluge of weak earnings won’t derail the U.S. stock market (Market Watch)
Investors will have a lot to digest next week with more than 100 S&P 500 companies reporting results, but the stock market is expected to remain relatively resilient with much of the potential shock from tepid earnings already priced in.
Saudi Arabia Warns of Economic Fallout if Congress Passes 9/11 Bill (NY Times)
Saudi Arabia has told the Obama administration and members of Congress that it will sell off hundreds of billions of dollars’ worth of American assets held by the kingdom if Congress passes a bill that would allow the Saudi government to be held responsible in American courts for any role in the Sept. 11, 2001, attacks.
Three Separate Market Indicators: Three Warning Flags (Paul Price, Guru Focus)
As of April 15, 2016, though, insider trading has sharply reversed course. Last week’s sell to buy ratio weighed in at 36x, three times more than even the upper limit of what is considered bullish. It represents the most negative reading since in April, 2015, and where it sat near the end of October, 2015.
Both those times proved to be good periods to be lightening up and raising cash.
The unemployment rate in advanced economies plunged sharply since the global financial crisis (Business Insider)
Folks in advanced economies seem to be getting back on their feet.
Saudi Arabia says it can flood the oil market with over 1 million extra barrels right away (Business Insider)
Saudi Arabia says it can flood the market with a lot more oil.
Japan Gets Little G-20 Support for Possible Yen Intervention (Bloomberg)
Japan has won little sympathy from its Group of 20 counterparts for the pain being caused by a stronger yen, signaling opposition to shielding the country’s fragile economy via intervention to curb the currency’s strength.
This finance trend is so hot even Amazon wants in (Business Insider)
The arrival of the age of fintech is about to shake up the financial services world as we know it.
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Mark Dow’s Emerging Market Play (ETF)
Emerging markets have been bouncing from multiyear lows in recent weeks. But there’s a lot to consider before buying into the notion that we have seen a bona fide bottom, according to Mark Dow. Dow is the founder of Dow Global Advisors, based in Laguna Beach, California. He is also the author of the Behavioral Macro blog and a frequent commentator in the financial media.
Caught in the Aftermath of a Minsky Moment by a Credibility Trap (Jesse's Cafe Americain)
This comment [quoted below] from someone I consider to be an ethical and intelligent mainstream economist was so eloquently put that I am using it on my site. It expresses almost perfectly why we have the broad movement growing in the US that rejects all the establishment candidates from both parties.
Creativity, Innovation, Research and Development: Building Your Trading Future (Trader Feed)
I'm looking at the Ichimoku Cloud indicator and whether it has any unique value in predicting future price behavior in stocks. The challenge is in finding unique value, as any indicator is likely correlated with others and with past price change itself. So inevitably you're looking at the value of the residuals (the indicator minus the overlapping input of other variables), not the relationship of the indicator to market behavior per se. I've gathered the data for number of all stocks on NYSE each day that are moving into and outside their clouds and found some interesting things.
Politics
Release of Clinton’s Wall Street Speeches Could End Her Candidacy for President (Huffington Post)
The reason you and I will never see the transcripts of Hillary Clinton’s speeches to Wall Street fat-cats — and the reason she’s established a nonsensical condition for their release, that being an agreement by members of another party, involved in a separate primary, to do the same — is that if she were ever to release those transcripts, it could end her candidacy for president.
Trump Dumps On Cruz, RNC in Last-Minute New York Primary Push (Bloomberg)
Crossing his home state ahead of the Republican primary in New York, billionaire real-estate developer Donald Trump said Texas Senator Ted Cruz doesn’t have a shot at winning the party’s nomination.
Trump, in rallies before several thousand people on Saturday in Syracuse and Watertown, stuck to a message of jobs and the economy. He also kept alive a simmering feud with the Republican establishment, warning the party may face a “tough July” when it holds its convention in Cleveland.
Technology
New Ford Leasing Program Lets Friends, Neighbors Share a Car? (Fortune)
Ford has started a leasing program that lets a group of people share ownership of a car, a move that reflects a broader trend among major automakers to find new ways to attract customers.
This is how calls and texts look in virtual reality, via the HTC Vive (Mashable)
This past week, Facebook showed us what it's like to take a virtual reality selfie using the Oculus Rift — an experience that has to be seen to truly grasp its awesomeness
But that demo was just a prototype. You can't take VR selfies with the Oculus just yet. However, you can make phone calls in VR if you have the HTC Vive, and there's video showing how it works
Health and Life Sciences
E-skin 'can monitor body's oxygen level' (BBC)
Scientists say they have developed ultra-thin electronic "skin" that can measure oxygen levels when stuck to the body.
The Very Real Pain of Imaginary Illness (BBC)
Soon after Suzanne O’Sullivan had left medical school in Dublin, she met a patient named Yvonne, whose mysterious illness appeared to bear little relation to any of her previous studies.
Yvonne, she was told, had been stacking the fridges in a supermarket when a colleague had accidentally sprayed a fine mist of window cleaner in her face. She tried to wash her eyes, left work and went to bed early, hoping they would feel less sore the next day.
Life on the Home Planet
Another earthquake rocks southern Japan — 7.3 magnitude (Market Watch)
A strong earthquake hit Japan’s southern island of Kyushu early on Saturday, in the same region that was struck by a temblor that killed nine people 28 hours earlier.
Public broadcaster NHK said an additional 17 people were killed in Saturday’s quake, bringing the total death toll from the series of quakes to 26.
The Fight for Cage-Free Eggs (The Atlantic)
Voters in Massachusetts are poised to decide in a November ballot question whether the state should ban the sale of whole eggs, pork products, or veal from animals that can’t turn around or stretch their limbs within their cages. The prohibition would apply to producers both in and outside the commonwealth, with one of the biggest changes being that eggs sold in the state be “cage-free” when the law goes into effect in 2022, if voters agree to the proposal.
