The Week That Was: April 8th-12th 2013

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


  1. Hans & Franz Winklevoss own a lot of Bitcoins, this can only end well
  2. Yen continues to surge, along with the Nikkei — Is the bottom in?
  3. Consensus is 3% YOY earnings growth in Q1 as we enter earnings season – Will financials lead the way?
  4. Goldman sees S&P at 1,900 … in 2015
  5. Obama releases 2014 budget — Moar taxes, Moar Housing ‘Recovery’
  6. S&P 500 hits new all-time nominal high
  7. Bernanke and Kuroda Capital LLC: Overweight Call on the S&P
  8. Weekly jobless claims fall
  9. Short squeeze carries RUT higher
  10. Good news: IMF model shows there is no risk anywhere in the marketplace
  11. JPMorgan beats earnings expectations (on huge loan loss release)
  12. Risk appetite return as ‘Safe-haven’ gold at 21-month low, even as volatility rises



  1. Mark it zero dude: NFIB shows 0% of their members planning to hire
  2. JCP left in turmoil as CEO Ron Johnson is out
  3. Next up for the fairness doctrine: Australia now taxing retirement accounts
  4. European financials drop to 7 month lows, recouple with credit
  5. Fitch cut China’s local government debt rating
  6. Slovenia may test template/non-template jawboning
  7. Meet Brian Gross, the Fed Employee who leaked the FOMC minutes — “the one you go to when you need solid information, and fast”
  8. EU considers going after money market accounts to help fund their insolvency
  9. Japanese bond market volatility explodes
  10. Shipments of PC’s worldwide collapse
  11. Spanish home prices plunge
  12. 28% of 401(k)s have loans against them
  13. Retail Sales drop most since June
  14. Consumer Confidence plunges
  15. Cyprus Central Bank implodes
  16. US drops a late tape-bomb – asking “Japan to refrain from competitive devaluation” – bad for FX carry trade and risk




(h/t @ZH_Crown)


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