Taking Stock

(1) The Age of Future Shocks. (2) From reaching for yield to dashing for cash to rebalancing into equities, all in two months. (3) Retesting the February 19 high rather than the March 23 low? (4) Some more numbers on the dash for cash. (5) Stock prices soar as P/Es jump more than earnings dive. (6) Record drop in S&P 500 forward earnings last week. (7) Chinese social financing at record-setting pace during March. (8) Fed’s balance sheet up $1.8 trillion in past four weeks to record $6.0 trillion. (9) A primer on some of the Fed’s lending facilities.