Good: Major indices remain perched (1-3%) below record and 2015 highs U.S. small business confidence rose to a five-month high in May of 98.3, the highest since December Weekly mortgage applications jumped 8.4% Retail sales rose 1.2%, beating estimates for 1.1% Bad: German DAX fell 10% from its recent high and officially entered correction territory …
SOURCE: http://www.washingtonpost.com/news/energy-environment/wp/2015/06/09/the-obama-administration-wants-to-help-developing-countries-map-their-climate-risks/?tid=sm_tw
Chart Courtesy of StockCharts.com No Position
Source: http://www.wsj.com/articles/emerging-markets-face-largest-outflow-in-seven-years-1434096125
Which companies in the Fortune 500 earned the most last year? Here are the top 10 with the highest profits. Source: http://fortune.com/2015/06/11/fortune-500-most-profitable-companies/
Source: http://www.bloomberg.com/news/articles/2015-06-12/bonds-head-for-worst-quarter-on-record-as-deflation-fears-ease
Another gap day this morning. This time to the downside. We have taken pains to not get too excited when markets are up and not too depressed when markets are down. One just has to recognize markets remain range-bound with half the market in crappy shape and half the market doing just fine. Both halves…
Source: http://www.bloomberg.com/graphics/2015-executive-pay-peer-groups/
http://www.marketwatch.com/story/el-erian-sounds-alarm-over-crisis-in-greece-2015-06-11?dist=countdown
http://www.bloomberg.com/news/videos/2015-06-11/facebook-s-big-bet-on-virtual-reality
