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Bitcoin Stabilizes, COVID Update, Earnings So Far, Apple Event


Bitcoin Stabilizes, COVID Update, Earnings So Far, Apple Event
The marketplace responded well to the first week of earnings season, or should we say what we saw beyond the banks that dominated.
Apr 19, 2021 | 07:40 AM EDT
Good, better, best. Never let it rest. Til your good is better and your better is best.
-  St. Jerome of Stridon
Rough Roads?
Not that the performance is or has been bad. Far from it. What the road is, is bumpy, with twists, turns and intersections at crossroads with no road signs. Hate that. Still better than a straight punch in the mouth when you are looking the other way. Sunday night has long since said its goodbyes. Monday morning is official, yet, first we must traverse what most folks refer to as the wee or zero dark-thirty hours in military jargon. ....

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Coronavirus Economic Weekly News 18April 2021


Coronavirus Economic Weekly News 18April 2021
News posted last week about economic effects related to the coronavirus 2019-nCoV (aka SARS-CoV-2), which produces COVID-19 disease, has been surveyed and some articles are summarized here. We cover the latest economic data, especially the new coronavirus relief bill and stimulus checks, government funding, the latest employment data, housing market reports, mortgage delinquencies & forbearance, layoffs, lockdowns, and schools, as well as GDP. The bulk of the news is from the U.S., with a few more articles from overseas at the end. (Picture below is morning rush hour in downtown Chicago, 20 March 2020.) News items about epidemiology and other medical news for the virus are reported in a companion article. ....

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US Futures, Global Stocks Hit Fresh All Time High


by Tyler Durden
Friday, Apr 16, 2021 - 07:46 AM
US equity futures and global stocks rose to new record highs and oil climbed after strong U.S. and Chinese economic data bolstered expectations of a solid global recovery from the covid pandemic. At 7:00 a.m. ET, Dow e-minis were up 34 points, or 0.1%, S&P 500 e-minis were up 5 points, or 0.11% to a new all time high of 4,167, and Nasdaq 100 e-minis erased a decline of as much as 0.4% to trade little changed as of 7:20am in New York.
The benchmark S&P 500 and the blue-chip Dow are on course for their fourth straight week of gains, while the Nasdaq is less than a percent below its own all-time peak despite some turbulence last month. With the first-quarter corporate earnings season under way, focus will be on results from Morgan Stanley after bumper earnings earlier this week from JPMorgan, Goldman and Bank of America that reinforced hopes of a swift economic rebound. Oil companies, mainly Chevron Corp, Marathon Petroleum, ....

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