Capital Controls for Greece Explained
Source: http://www.bloomberg.com/news/videos/2015-06-19/capital-controls-for-greece-explained
Required Reading Of The Day
European Markets Rally on Hopes of Greece Deal – WSJ Pressure Mounts on Europe to Find Greek Solution – WSJ To Apple, Love Taylor Swift – Fortune Fitbit looks to strengthen its products by investing in more research – Forutne Cigna Rebuffs Anthem’s “Deeply Disappointing” $47 Billion Proposal – Fox Busineess Apple and IBM build…
Good & Bad For The Week
Good: The major indices continue acting well The Fed didn’t raise rates The Philly Fed Index rose to 15.2, beating estimates for 8.0. The National Association of Home Builders (NAHB) housing market index rose to 59, beating estimates for 56. It was the highest reading since last September as buyers rush to lock in low…
And the good news is…
BIOTECHS on breakout here. We have told you this is the most important group to the market right now as it is the RISK ON group. The NASDAQ edges out to all time highs. FINANCIALS continue to have the relative bid. The SEMIS held the 50 day average nicely. Regardless of all the bearish areas…
European Disunion: For Two Rivals in Greek Crisis, It’s Personal
Source: http://www.bloomberg.com/news/features/2015-06-17/greek-debt-crisis-varoufakis-sch-uble-war-over-europe-s-future
The Fed’s Dot Plot Charts: What Are They?
We are depending on people who are looking at dots??? Source: http://www.bloomberg.com/news/videos/2015-06-18/each-dot-represents-an-economist-s-forecast-ellenberg
Five Years of Greek Misery Laid Bare in Five Depressing Charts
http://www.bloomberg.com/news/articles/2015-06-18/five-years-of-greek-misery-laid-bare-in-five-depressing-charts
Blow Up the Tax Code and Start Over
Source: http://www.wsj.com/articles/blow-up-the-tax-code-and-start-over-1434582592?mod=trending_now_1
Behind Chicago’s Rift With Moody’s
Source: http://www.wsj.com/articles/behind-chicagos-rift-with-moodys-raters-tough-new-stance-1434644817