Euro zone to unblock new Greek loans, but debt relief still distant
http://www.reuters.com/article/us-eurozone-greece-idUSKCN0YF25M
G7 to examine economic risk, vow policy mix to spur growth: sources
http://www.reuters.com/article/us-g7-summit-economy-idUSKCN0YF13W
Domino’s Sued for $500,000K Alleged Wage Theft by New York Franchisees @FoxBusiness
http://www.foxbusiness.com/markets/2016/05/24/dominos-sued-for-500000k-alleged-wage-theft-by-new-york-franchisees.html
WE ARE JEALOUS OF HILLARY CLINTON!
We couldn’t get $7 for a paid speech. Then again, we are not influence peddlers. Here’s how much Hillary Clinton was paid for her 2013-2015 speeches: 4/18/2013, Morgan Stanley, Washington, DC: $225,000 4/24/2013, Deutsche Bank, Washington, DC: $225,000 4/24/2013, National Multi Housing Council, Dallas, Texas: $225,000 4/30/2013, Fidelity Investments, Naples, Fla.: $225,000 5/8/2013, Gap Inc.,…
Puerto Rico…who are they trying to kid?
We are reading this morning that Puerto Rico was bailed out in a bi-partisan fashion. Both Republicans and Democrats were for it. Who are they trying to kid? Many years ago, we read that Puerto Rico had debt problems…all of $20 billion. At that time, we thought there was no way Puerto Rico could ever…
The Internals
While the major indices go back and forth, here are some things we are seeing inside the market. Remember, this is an end-of-month (almost) week as well as pre-holiday trading where the bias is usually positive. SEMIS- Great move last week off lows. Very important to market. Headed into massive resistance yesterday and sold down…
Listen To Monday’s Investor’s Edge Radio Show: Stoolander Edition 05/23/2016
Highlights: 1. Market Wrap 2. Gary breaks down Monday’s action for you 3. Gary tells you where the big money is flowing
The Morning Look
Market Update: Stock futures are higher ahead of Tuesday’s open as the whip saw action continues on Wall Street. In the near term, the S&P 500’s next level of resistance is the 50 day moving average. Gary’s Thoughts: Economic Data: Redbook 8:55 AM ET New Home Sales 10:00 AM ET Richmond Fed Manufacturing Index 10:00 AM ET 4-Week…
The Closing Look
Stocks were quiet on Monday as investors piled into Apple (AAPL) and several semiconductor stocks. Apple rallied after a report was released that suggested the tech giant asked its suppliers to prepare 72-78 million units, above the market’s expectation of 65 million units for the iPhone. In other news, two Fed officials spoke on Monday and both were…