Required Reading

Required Reading

Ryan says he won’t run Clinton’s joke with NYC mayor criticized as insulting black people Obama comments hint at support for Clinton U.S. lawsuit against activist ValueAct puts mutual funds on alert Energy shares lead Wall Street higher as earnings get into gear Italy passes Renzi’s flagship reform, opening way for referendum Painting found in…

The Morning Look
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The Morning Look

Stock Market Overview:  Futures are hugher ahead of Wednesday’s open as investors add to Tuesday’s strong rally. Oil prices surged to a four month high on Tuesday as the U.S. dollar is trading just above a 9-month low. Gary’s Thoughts: Strong Asia…strong Europe…gapping up here. Potential to move out of the 4 week range markets have been…

We love Italy. We do not love their central bankers!
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We love Italy. We do not love their central bankers!

Italian officials and bank executives have agreed to create a €5 billion ($5.7 billion) fund to help lenders that are in quite the trouble. Only one problem…there is about €360 billion of bad loans. There is a lot more where this came from in many other countries. Remember what we have told you, places like Greece were not…