Here Now... Enjoy
Cherry blossoms are here today…gone tomorrow! So enjoy while you can. I’d extend that advice to the markets my friends.
Sakura by Yumiko Takatsuki
BIG sigh of relief today that the US Market pulled back from the bottom of the pit dug in the last 5 days- to come back strong ! Alcoa, the first company to report results did so with a profit surprise and so like market watchers will tell you, that’s a good sign for the earnings season, and for the world markets. Alcoa produces aluminum which is a widely used resource for industry as well as household/commercial consumption (Check out what it is used for here). Like you might see more products with that packaging being consumed (drinks, food etc) that’s a positive.
A Bloomberg article also indicates “It seems reasonable to expect positive surprises as we move through the earnings season. Management teams have done a good job of keeping expectations contained.”
Sakura by Yumiko Takatsuki
On top of earnings data, investors also watched the Federal Reserve’s Beige Book business survey, published two weeks
before the Federal Open Market Committee meets to set monetary policy. The Fed said the
economy maintained its expansion in all 12 of its regions as manufacturing, hiring and retail sales showed signs of strength in the face of higher fuel prices.”
BUT and that’s a big BUT 🙂 Watch out for the banking results which will start on April 13.
Short term moves expected, so take profits while you can. It could be here today, gone tomorrow.
Sakura by Yumiko Takatsuki
Here’s the Bloomberg article
http://www.bloomberg.com/news/2012-04-11/u-s-stock-futures-gain-after-alcoa-posts-surprise-profit.html
(With thanks to my friend Yumiko Takatsuki for the beautiful, delicate cherry blossoms “sakura”, Arigato gosamasu, subarashii ne!)
