Required Reading Of The Day

Alibaba’s Ma: China Needs American Products – Fox Business

China Mainland Shares on Track to Be Added to MSCI Indexes – Bloomberg 

Hillary’s Other Bill Problem – WSJ

U.S. Prepares Plan to Send Hundreds More Troops to Iraq – WSJ

The U.S. Economy Can’t Hire Health-Care Workers Fast Enough – Bloomberg

 

 

New Housing Headwind Looms as Fewer Renters Can Afford to Own

Source: http://www.wsj.com/articles/new-housing-crisis-looms-as-fewer-renters-can-afford-to-own-1433698639?mod=trending_now_1

 

America’s Shale Oil Boom Grinding to Halt as OPEC Stands Pat

Source: http://www.bloomberg.com/news/articles/2015-06-08/america-s-shale-oil-boom-grinding-to-halt-as-u-s-forecasts-drop

Ice…see thinner!

We are getting to that point in time again where the major indices are now in the midst of joining all the areas that are already bearish…but first, disclaimer time.

EVERY TIME THE MARKET HAS BEEN IN TROUBLE, THE PIXIE DUST FROM CENTRAL BANKS HAS SAVED THE DAY. WE CANNOT COUNT THAT OUT.

In fact, we do believe markets were entering a bearish phase in September…that led to October…only to have Japan and Europe announce over $2 trillion of printed money. You can also add in the massive easing China started. Those moves turned the market around.

Notwithstanding that, markets are narrower, leadership is thinner, more and more areas have turned down and now the major indices are coming in. We have not had a bear market since the 09 lows. We have not had a correction of consequence in almost 3 years. Just in case, be ready.

If You Think Greece’s Crisis Will End Soon, Think Again

Source: http://www.bloomberg.com/news/articles/2015-06-07/if-you-think-greece-s-crisis-will-end-any-time-soon-think-again

Netflix Produces Brad Pitt War Movie With Eye on Oscar, Emmy

Source: http://www.bloomberg.com/news/articles/2015-06-08/netflix-to-produce-brad-pitt-war-movie-extending-push-in-films

Required Reading Of The Day

Apple Unveils Apple Music, New Operating Software – Fox Business

Samsung invests in Vinli to connect old cars to the Internet – Fortune

G7 Pledges to Work on Transatlantic Trade Pact – Fox Business

Greece, Creditors Consider Extending Eurozone Bailout – WSJ

Donald Trump: I Would Be the Jobs President – Fox Business

Prison Break a Mystery for Upstate New York Town – WSJ

Elon Musk to utilities: what can we do for you? – Fortune

Chart Of The Day: Airlines Continue To Lead Transports Down… What Does This Say About The Economy?

Charts courtesy of StockCharts.com