Investor’s Edge: 06/26/2015
Investor’s Edge: 06/26/2015
Good & Bad For The Week
Good: Existing home sales rose 5.1% in May to 5.35 million beating estimates for a gain of 5.26 million New home sales rose 2.2% in May and hit their highest level since February 2008. New home sales rose to 546k from an upwardly revised 534k and beat estimates for 525k The Richmond Fed Manufacturing Index…
Chart Of The Day: Chinese Stocks Flirt With Bear Market Territory
Source: http://www.wsj.com/articles/china-stocks-plunge-to-the-brink-of-a-bear-market-1435322409
Travel hell!
5 hour delay…got to hotel room in NYC at 2 am. Never got to sleep as I had to be up at 530. Was woried about the Seinfeld episode where the wake up alarm did not work. Did a fabulous 2 hours with Maria Bartiromo. Will have a lot to say about markets and Obamacare…
Breaking Down the SCOTUS Obamacare Ruling
Source: http://www.bloomberg.com/news/videos/2015-06-25/what-the-obamacare-ruling-means-to-hospitals-doctors
Insurer, Hospital Performance Since Obamacare
Source: http://www.bloomberg.com/news/videos/2015-06-25/insurer-hospital-performance-since-obamacare
The Simple Reason Europe Doesn’t Want To Let Greece Go
http://www.bloomberg.com/news/articles/2015-06-25/tiny-greece-s-threat-to-currency-credibility-is-why-it-matters
Ford Jumps into Car Sharing to Entice Young Drivers
Source: http://www.foxbusiness.com/industries/2015/06/25/ford-jumps-into-car-sharing-to-entice-young-drivers/?intcmp=marketfeatures
Zingers from Justice Scalia’s Obamacare Dissent
http://www.foxbusiness.com/economy-policy/2015/06/25/5-standout-zingers-from-justice-scalias-obamacare-dissent/?intcmp=marketfeatures
Required Reading Of The Day
IPOs on Pace to Party Like it’s 1999 -Fox Business COURT BACKS HEALTH LAW SUBSIDIES- WSJ Valeant Makes Takeover Approach to Zoetis – WSJ Uber Riots Erupt in Paris – Fox Business IAC Plans IPO of Match Dating Business – WSJ FCC Seeks to Cap Small-Business Discounts for Airwave Auctions – WSJ