Friday, July 24, 2015

FRIDAY 7/24/15; Global PMI’s Disappoint; AAL; BIIB; COL; XRX; New Home Sales

The China Caixin PMI (formerly the HSBC PMI) is 48.2 in economic contraction under 50 and below all economist’s estimates. China’s factory activity is at a 15-month low. HSBC sponsored the Chinese PMI data for the last five years but Caixin takes over the sponsorship role creating the name change. Ridiculously, economic data takes on sponsors providing naming rights like baseball and football stadiums.

Gold and copper 


































[Text is Redacted: Purchase July 2015-07 to Read the Complete Chronology]





































 increase of suicide bombings and refugees turning radical inside Turkey prompts the pro-active change in policy. Turkey plans to permit US and coalition fighter jets use air bases along the Syria border which will greatly improve the fight against radical Islam.

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