The Closing Look
On Thursday, stocks opened lower but closed near their highs after several major global central banks concluded their latest meetings. The Bank of Japan (BOJ), Bank of England (BOE) and The Swiss National Bank (SNB) did not announce any changes to monetary policy and that spooked investors and sparked a rally into so-called “safe-heaven” asset classes….
Sportle Is a One-Stop Shop for Live Sports Streams @FoxBusiness
http://www.foxbusiness.com/features/2016/06/16/sportle-is-one-stop-shop-for-live-sports-streams.html
‘Brexit’ Could Harm Global Economy, Says BOE @FoxBusiness
http://www.foxbusiness.com/markets/2016/06/16/brexit-could-harm-global-economy-says-boe.html
Wal-Mart to Cut Accounting Jobs at Stores @FoxBusiness
http://www.foxbusiness.com/markets/2016/06/16/wal-mart-to-cut-accounting-jobs-at-stores.html
Housing, medical care support U.S. underlying inflation
http://www.reuters.com/article/us-usa-economy-idUSKCN0Z21IT
Fed’s Yellen to speak before Congress on Tuesday and Wednesday
http://www.reuters.com/article/us-usa-fed-house-idUSKCN0Z21ZY
Ireland and Apple Brace for the Worst as Tax Endgame Nears
http://www.bloomberg.com/news/articles/2016-06-16/ireland-and-apple-brace-for-the-worst-as-tax-endgame-nears
Required Reading
FBI to Trump: You’re wrong about Muslims No ‘direct link’ between Orlando shooter and foreign terror groups Rants and executions – inside the rampage Britain’s EU referendum campaigns suspended as lawmaker critically injured in attack Islamic State to change tactics in coming months: CIA’s Brennan Clinton considering Warren, not Sanders, for running mate: WSJ Brexit…
The Morning Look
Market Update: Futures are lower ahead of Thursday’s open as markets digest the Fed meeting and another round of Central Bank meetings. Gary’s Thoughts: On or about 5/18, many fedheads were out just about guaranteeing a fed rate hike in June. That caused the dollar to spike higher and gold to break below support. In a…