A very good Monday morning to everyone! After everything futures traders are seeing stock indexes up 0.7% and metals down -0.64%! Early announcements:
Empire Manufacturing
Industrial Production
Capacity Utilization
NAHB Housing Market Index
Net Long-Term TIC Flows
--and the news doesn't have a lot of good reasons for a stock rally today; but there's this from Yahoo:
...Bloomberg caught up with Apple cofounder Ron Wayne, who sold his 10% stake in Apple for $800 in 1976 (via @TheStalwart ). Wayne told Bloomberg that over the past 40 years, he had kept most of his savings in gold... ...10% of Apple is worth about $65 billion, while $800 of gold purchased in 1980 would be worth about $1,750...
Poor Ron. That’s really rubbing it in.
Had an employee quit today... Damn. Great guy. Anyone know of any good FP&A people in Atlanta looking for a new gig?
BTW NAHB was not good news. Neither is WTI. If you were long USCRUB you are having a good day :-)