Bruce’s Europe View
Longer term Europe has generally followed the international equity market pattern.. It has finally breached the pre-financial crash levels.
Economic: USA: Consumer Credit – Update
Currently, the index is portraying a consumer that has debt under control and manageable. The composite index is at 0.92 in April which is 0.02 points higher than last year at this time, but 0.04 points lower than just a month earlier in March. Mortgage defaults are lower, year-over-year at 0.68. Auto loans have increased by 0.09 points from last year, but also dropped from last month by 0.06 points to 0.99.
Steve’s USA View
The stock market should be ecstatic, but has only been able to produce a 2.44% increase (AllCap) on track to a below average year. So, what is happening?
Stock Consideration Change Report: USA: Update
Buy considerations grow to 15% while Hold drops another point to 57%, barbells continue to expand.
Stock Fair Value Report: USA: Update
Energen, Ennata Pharmaceuticals, Hain Celestial, Gartner, Jones Lang LaSalle, McDermott Intl all receive increases in fair value while Cohu, and Mallinckrodt Plc drop.