Here’s a quick, executive summary of stories from this past trading week, with a link to the full articles online.
Has Europe, and the Euro, Bottomed?
|Is the European crisis over?|
Many analysts believe Europe’s financial crisis is over. They claim that the massive 25 percent-plus decline in the euro is starting to stoke inflation … that economic indicators are starting to turn positive … that the recent record highs in Germany’s DAX are proof positive the crisis is over … and more. What’s Larry Edelson think? Click here to get his take on the situation.
California’s Problem Could Become Yours
You may have heard that California is experiencing an historic drought — the worst in 200 years by some measures. While this might seem like a problem isolated to lawns and swimming pools in the golden state, analysts at TIS Group observed this week that there are some serious implications to the U.S. power grid and economy. Click here to read more from Jon Markman.
Independent Ratings Agencies?
Three companies — S&P, Moody’s and Fitch — dominate the world of ratings on trillions of dollars in bonds and debts issued by thousands of corporations, municipalities, and sovereign governments every year. Are they independent? The agencies themselves don’t seem to think so. Read more from Martin D. Weiss by clicking here.
Will Weaker Earnings Pressure Stocks?
First-quarter earnings reporting season got underway in earnest this week and will continue next week, and the down-trend in profit estimates is not encouraging. This is a troubling development for the stock market that Mike Burnick alerted you to a few weeks ago in Money and Markets and it’s worth revisiting now as corporate profit reports will be coming in fast and furious in the weeks ahead. Get Mike’s view by clicking here.
Oil Production Down, Prices Up!
You’d never guess it if you just listen to the blowhards on CNBC. But U.S. oil production in key regions is actually starting to FALL! And oil prices are actually starting to SURGE! Get more from Mike Larson on the situation by clicking here.
The Week’s Hot News
Money and Markets columnist Mike Larson takes a look at key financial and political events around the globe after the market close. Here are the week’s highlights:
Hillary, Marco Join the Race!
The 2016 election field keeps growing, and Hillary Clinton and Marco Rubio joined the race this week, and Jeb Bush is about to. What’s it all mean for the markets? Mike takes a look. Click here to read more.
The Banks Weigh In!
Forget baseball. It’s earnings that are in full swing now! Some big banks reported Tuesday. Get Mike’s take on the numbers by clicking here.
Oil Stocks Rallying — Are You Profiting?
The crude oil and energy stock breakout seems to have arrived. But how long will it last? And are you making money off of it? Mike takes a look at the situation — click here to read more.
Big Day for IPOs!
Robust private fundraising markets have made it possible for many companies to delay hitting up the public markets for capital, meaning many initial public offerings were on hold. This week saw a surge in IPOs — but will it continue? Mike takes a look — click here to read his view.
The Money and Markets Team