Editor's note: This unlocked edition of Daily Trading Ranges was originally provided to subscribers on May 13, 2014 at 7:22 a.m EST. For more information on how you can receive these levels every morning in your inbox click here.
Takeaway: Last chance to buy what’s been working all year? Slow-growth-yield-chasing is where the performance is at.
If you’re short the stock market today, and your boss asks why is the Nasdaq at an all-time high, here’s the only honest answer: So far, Nasdaq company earnings are up 46% year-over-year.read more
"“I am very concerned the E.U. maintains a battle against the American giants while doing everything possible to sustain so-called national champions," writes economist Daniel Lacalle. "Attacking innovation doesn’t create jobs.”read more