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"Suntech's local creditors claim $2.5 billion as restructuring starts" ($STP)

May 22nd, 2013
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Results from the Wuxi Suntech insolvency case meeting that happened in China overnight:

FOMC Minutes: Exit Strategy Discussion

May 22nd, 2013
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Note: I'll have more on existing home sales and Bernanke's testimony later today. From the Fed: Minutes of the Federal Open Market Committee, April 30-May 1, 2013. A few excerpts on the exit strategy:

Technology Loses Share; Financials, Health Care Gain

May 22nd, 2013
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Because of Apple's (AAPL) struggles this year, the S&P 500 Technology sector has been one of the weaker performing sectors so far in 2013.  This has allowed the Financial sector to make up significant ground in its race to take back its spot as the biggest sector in the market.  

JNJ Up 20 Weeks in a Row!!

May 22nd, 2013
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Another bit of interesting market triva: Johnson & Johnson (JNJ) has climbed for the past 20 consecutive weeks. Of the current S&P 500 members, only two other names have even come close to such a streak since 1982. Home Depot...

Stock Price Rally and the Wealth Effect

May 22nd, 2013
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Since early April, economic data releases have mostly been worse than expected. However, with a “better-than-feared” jobs report in early May quickly dispelling mounting concerns, stock prices have kept climbing.

The Stock Price Rally and the Wealth Effect

May 22nd, 2013
in
Since early April, economic data releases have mostly been worse than expected. However, with a “better-than-feared” jobs report in early May quickly dispelling mounting concerns, stock prices have kept climbing.

Recession Concern Dampens European Bond Investor Sentiment, Though Hunger For High-Yield Continues

May 22nd, 2013
in
An increasing number of  investors in European fixed income markets expect fundamental credit conditions will deteriorate across sectors, according to a Fitch Ratings survey.

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