S&P Futures 1348.65 +3.00 (08:44:57 AM)
- The euro and commodities gained as Europe’s economies expanded faster than predicted. Most stocks advanced, while German bunds fell and the cost of insuring government debt dropped to the lowest in a month. (Bloomberg)
- Recoveries typically end when major imbalances in an economy have developed and become unsustainable – such as overinvestment in the late 1990s or overconsumption in the late 2000s – and when monetary policy becomes very tight. Neither is true now. (Business Insider)
- If this keeps up, Citigroup may have to consider another reverse split. (Bespoke)
- “It seems like it is going to be rocky for a couple of weeks as the commodity correction drags down stocks as part of ‘risk off,'” he said. (CNBC)
- China may limit interest-rate increases over the rest of the year, focusing on other tools for combating inflation as the government seeks to cool prices without choking off growth. (Bloomberg)
- Sony’s network woes may have dominated headlines in April, but they didn’t do much to hurt overall sales in the video game industry. (CNBC)
- U.S. financial advisers are trading more options and those with the most assets are “significantly” more likely to use the derivatives than peers with smaller amounts, according to the industry’s first survey. (Bloomberg)
Bonus Fun:
“I myself am not a believer in doomsday scenarios,” Andreyev, 31, whose Spetsgeoproekt company is completing 15 bunkers at hidden locations across Russia, said at his office in central Moscow. “But when you start hearing clients talking about the end of the world, it gets you thinking.” (Bloomberg)
Tunes scored 132 points per 100 possessions. The Monstars scored 154. That’s obviously impossible, since the team with the higher offensive efficiency is pretty much by definition the team that wins the game. The issue is selection bias — we see more successful Monstars’ possessions in the movie. The other issue is that the movie doesn’t make any sense. (Wired)
I don’t know who Dan Adler is but I do know he gets sh*t done