FRIDAY 5/29/15; EOM; NIKK Record High; Global GDP’s (Gross Domestic Product); BIG; Chicago PMI; Consumer Sentiment

The NIKK finishes up +0.1% to 20563 another 15-year record high and extending an 11-day winning streak not seen for 27 years. The Nikkei Index gains +1.5% this week. For the month, the NIKK is up +5.5% extending a five-month winning streak and up 11 of the last 13 months. The power of the BOJ money printing is impressive. Unfortunately, easy money only serves to make the wealthy, that own stocks, filthy rich at the expense of the rest of society.

Japan CPI inflation data is 















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 the Pentagon says ‘ISIS is not a significant threat in Saudi Arabia’. The Whitehouse continues to ignore the rise of the radical Islamist State and violent Holy Wars flaring up across the Middle East over the last three years saying only that the strategy against ISIS will be ‘fine-tuned’.

Euro 1.0987. Dollar/yen 124.11. Pound 1.5289. WTIC oil 60.23. Brent oil 65.56. Natural gas 2.642. Gold 1191. Silver 16.71. Copper 2.735.

Treasury yields are; 2-year 0.61%, 5-year 1.49%, 10-year 2.12%, 30-year 2.88%. German bund 0.489%. The bund moves steadily lower over the last month (investors seeking safety) and no one is noticing. Japan 10-year yield 0.401%.