Monday, May 1, 2017

May 1, 2017 -- T+101 -- The Energy And Market Page

Disclaimer: this is not an investment site.

AAPL: hits all-time high, I believe. 

S & P 500: the market has never closed down in May since 2012 (CNBC). All-time high for S&P 500 was 2,395; today, up slightly, at 2,388. Techs pulling market up; energy sector pulling market down.

WTI: opens down; opens below $49. WTI down almost 1%. 

Hope springs eternal. Asian equities edge up as Japan outperforms -- Reuters. No link. Transient, trivial. US Dow 30 futures up 32 points. The rally continues?

Hope springs eternal? Not so much: consumer spending stalls in March. Inflation is below the Federal Reserve's target. No link, background noise.

Cash pile: overheard -- Apple with nearly $250 billion in cash ($50/share); Buffett with nearly $90 billion in cash; Microsoft with nearly $100 billion in cash.

OPEC: will certainly extend cuts when it meets in May -- Bloomberg

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