Chart Of The Day: Repeating Mistakes Over and Over Again
China Brokers Dust Off Wall Street Playbook From 1929 Crash Source: http://www.bloomberg.com/news/articles/2015-07-05/china-brokers-dust-off-wall-street-s-playbook-from-crash-of-1929
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A Vote To Not Pay The Bills
Futures are down a decent amount on the “no” vote out of Greece. We are being bombarded with “what now” questions but think we just update you on everything we have been telling you. Please do not think markets may be heading down out of nowhere. We have been writing to you about the deterioration…
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These 10 Economies Will Be the World’s Worst Performers
Source: http://www.bloomberg.com/news/articles/2015-07-01/these-10-economies-will-be-the-world-s-worst-performers-by-the-end-of-2015
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Why It’s All About the Model X for Tesla
http://www.bloomberg.com/news/videos/2015-07-02/why-it-s-all-about-the-model-x-for-tesla
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The Current U.S. Recovery May Be the Longest Ever
http://www.bloomberg.com/news/videos/2015-07-02/the-current-u-s-recovery-may-be-the-longest-ever
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China Intensifies Steps to End $3.2 Trillion Stock Rout
http://www.bloomberg.com/news/articles/2015-07-05/china-intensifies-steps-to-end-3-2-trillion-stock-rout
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BP Reaches $18.7B Settlement Over 2010 Spill
http://www.foxbusiness.com/industries/2015/07/02/bp-reaches-187-billion-settlement-over-deadly-2010-spill/?intcmp=marketfeatures
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Required Reading Of The Day
Greeks Defy Europe With Overwhelming Referendum ‘No’ – Fox Business Greek Outlook Will Be Uncertain Even After Vote – WSJ China’s Central Bank to Provide Liquidity to Help Stabilize Stocks – WSJ U.S. Labor Secretary: Wage Stagnation Remains an Issue – Fox Business U.S. Cuba Policy: Where Things Stand Now – WSJ Saudi Prince Pledges…
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Good & Bad For The Week
Good: The bulls defend the 200 DMA line Consumer confidence rose to 101.4 in June, beating estimates for 97.4 ADP said private employers added 237k new jobs in June, beating estimates for 220k The ISM manufacturing index came in at 53.5, barely beating estimates for 53.2 Construction spending rose to 0.8%, beating estimates for 0.5%…
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And the fake job’s number is…?
Fake job’s number is out! Life is better. Things are better except at first blush, over 400,000 left the workforce in the past month. The fake rate is now 5.3%. The problem is that since this administration took office, the labor participation rate has crashed…enabling the rate to come down. If you added back all…