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Monday, April 1

1st Apr - US Close



Previously on MoreLiver’s:

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Roundups & Commentary
Markets – Between The Hedges
The Closer – alphaville / FT
Tomorrow’s Tape: Factory Orders, Auto Sales on Tap – WSJ
US: AAPL's Worst Day In 10 Weeks Drags S&P/Nasdaq Into Red Post-Cyprus – ZH


EUROPE
Eurozone RouletteZH
From JPMorgan’s Michael Cembalest - full pdf

European Bond Market Microstructure During The CrisisZH
A new group white paper is out on the micro-structure of the European sovereign bond market during the Euro-Crisis, specifically June 1, 2011 to November 15, 2012.

Exuberant "Reach For Yield" In Spain Leaves Retail With Up To 96% LossesZH
The Spanish banks fooled amateur depositors to buy stuff.

Europe Back To 19th Century Growth Rates ZH
JP Morgan’s chart

UNITED STATES
US enjoying consumer-led growth spurt in Q1, eyes on Q2MacroScope / Reuters

  MACRO NUMBERS
ISM Manufacturing index declines in March to 51.3 – Calculated Risk
Manufacturing Growth Slowed In March... Maybe – Calculated Risk
ISM Manufacturing Weaker Than Expected – Bespoke
Manufacturing ISM Tumbles, Biggest Miss In 13 Months – ZH
Complete confusion over the trajectory of the US manufacturing sector – Sober Look
Construction Spending increased in February – Calculated Risk

OTHER
Global Economic Slowdown Accelerates AgainZH
Chart from Goldman Sachs