March 2013 is gone…Capital Market events and Video Summary

March is gone, our succinct summary of events for the month!

Here is our video that incorporates your suggestions…please KEEP THEM COMING!!

The last earnings (90 day treadmill) trickled in lower than expected, printing a year over year loss in the S&P 500 companies. Analysts were undaunted and kept their rosy forecasts.

As the first week of March ended, interest rates stole the show as the 10 year popped over 2% for the first time in a while  this time holding on adding ammunition to a fast money move out of bonds and into stocks.

10 Year Yield Over 2%

During the second week, retail sales surprised us with a very strong showing despite the recent tax increase digestion, a positive for the continued strength of the consumer.

Econoday Retail Sales as of 2-13-13

Next up….Cypress, the little country that was taken to the wood shed.. As depositors get scalped after being told just months before, Not to Worry! Who to trust and Contagion!

April should be fun as we enter another earnings season not to mention Uncle Sam’s favorite dip in our pocket month.

Have a great day!

John Kvale