What to watch: Japanese earnings forecast (downward) revisions; U.S. earnings releases; Tuesday; 4/15 Mansion (condo) sales for March; Wednesday 4/16 U.S. CPI for March
Ongoing: External factors; Investors are apprehensive of bad news; General Electric (GE: 15.3925 +1.60%) delivered worse than expected earnings early Friday, sparking a broad market selloff in the U.S. Shares of GE dropped nearly 13% or the whopping equivalent of about $47 billion in market capitalization! The direction of the yen will continue to be watched closely with the same knee-jerk reactions (weak yen = good; strong yen = bad) to be expected. continue reading…
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