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Succinct Summation of Week’s Events 4.18.14
Succinct Summations week ending April 18 Positives: 1. The S&P 500 had its best week since July 12. 2. The Philly Fed came in at 16.6, v expectations of 9, nice beat. 3. Initial jobless claims come in at 304k v 315k expected, the four-week moving average is the lowest since 2007.. 4. U.S. March retail sales came in at 1.1%, biggest rise since Sept. 2012. Ex-autos 0.7% biggest rise since Feb. 2013. 5. Core CPI advanced 0.2% v 0.1% expected. 6. The Fed Beige book said economic growth “increased in most regions” 7. Yellen said Fed committed to “accommodation to support recovery”- market cheers. 8. AAII bulls ... (full story)