- Normally very bullish Piper Jaffray warns the stealth correction should NOT be ignored. BofA agrees. CNBC
- The U.K.'s unemployment rate fell to a 5-year low of 6.8% in Q1, said the Office for National Statistics today, giving more fuel to those calling on the Bank of England to hike rates.
- The 10 year broke 2014 support. The 2.6 level is a "magic number for some, as it has been a risk-down, risk-off trigger. There are investors who sell stocks after it gets below 2.6 percent, as it's seen as predicting an economic slowdown" said Art Hogan, chief market strategist at Wunderlich Securities. (click chart to enlarge)
- Morgan Stanley analysts are calling a bottom in coal mining stocks, seeing a recovery in the thermal coal market pulled forward by the recent polar vortex and extreme cold; inventories have been falling rapidly, and the firm believes thermal coal prices will continue to rise.
- Following public backlash on proposed Net Neutrality rules, the FCC backtracks and says it won’t allow the internet to become fast and slow lanes. WSJ