We started with the Holiday announcement of Steve Jobs taking sick leave again which sent AAPL shares much lower in overseas trade. This morning though, the indications for AAPl and futures were miraculously lifted due to the German and Eurozone ZEW economic sentiment survey, which maybe should be called "zoo".
On the Eurozone, the print came in at 25.4 vs. previous 16.6 and on Germany 15.4 which is double the anticipated 7.0 with previous month's at 4.3
Ask yourself, do you believe economic sentiment is that MUCH BETTER in Europe? This sent the Euro higher as well as US stock futures. By the way, AAPL also reports today.
I'm literally speechless. I guess the Fed's swap lines carry some weight, if I were to be cynical.
Empire Manufacturing Survey also missed consensus, but we'll dig into that later. NAHB also misses consensus-National Association of Home Builders.
On the earnings front, the big miss was CITI.
We'll see how today develops, but thus far there's been some interesting props thrown under the market from some unlikely places.
5 years ago
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