The Week That Was: June 3rd - 7th 2013

[thenews]

Succinctly summarizing the positive and negative news, data, and market events of the week...

Positives

1. U.S. trade deficit comes in slightly better than expected, still hits $40.3bn
2. May non-mfg ISM comes in at expectations (as orders slow and inventory builds)
3. June’s Beige Book is out, and it didn’t say growth is outright slowing, so that’s good
4. Initial weekly jobless claims 346k, almost exactly in-line with expectations
5. Thursday’s 3:30 ramp was epic, RC LLC has your back – just BTFD
6. Non-Farm Payrolls beat expectations

Negatives

7. The problem with Japan’s “Plan B”
8. IG credit spreads widening
9. Abe’s attempts at defeating the “inflation monster” underwhelm
10. Hindenburg Omen beginning to confirm
11. The Tuesday streak is over

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