Dave Lutz of Stifel, Nicolaus sends a long the topic that he is chatting about with clients.
- Eurozone markets continues to improve.
- Totally unconfirmed chatter about Spain requesting a bailout.
- Totally unconfirmed chatter about a Reserve Ratio Requirement cut in China.
- The EU won the Nobel Prize… is this the moment before the breakup?
- Greece’s biggest company — Coca Cola Hellenic Bottling — moving HQ to Switzerland.
- IEA predicts lower oil prices over the next 5 years.
- Industrial production in the Eurozone beats expectations.
- Bullish sentiment among traders down three weeks in a row.
And here are some talking points from Michael Block at Phoenix Partners:
- JPM being taken OK despite core business slowing and NPLs higher.
- WFC, not so much. That can and will probably flip around by the end of the day.
- Fins led again yesterday – the rest of the sector reports next week – C, BAC, GS, MS, GE, etc.
- AMD disaster – INTC, GOOG and other tech names report next week. I am looking for AAPL downgrades as a sign that sentiment is too negative.
- Spain bailout chatter yet again. It’s a Friday thing, really. EU summit next Thursday and Friday.
- New Yuan Loans weak amid talk that big banks are more risk averse. Doesn’t matter with the SHCOMP floor at 2000.
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