The June publication of the Daily Chronology of Global Markets and World Economics 2015-06 is available through Amazon (AMZN). Stock markets print new all-time record highs in June but the Shanghai Index (SSEC) collapses -30% off the top. Greece is the major focus and the daily path that has brought the troubled nation to the pending referendum vote is fascinating.
The choppy sideways action in the US stock market continues all year long. June ends the month, second quarter and first half of the year; EOM, EOQ2 and EOH1, respectively. The jobs report in early June is a strong 280K jobs. The chronology explains the price action after the jobs reports, Fed and other key announcements and economic data.
Global central bankers continue pumping stocks higher especially the ECB and PBOC. Interestingly, the PBOC is trying to stop the stock market crash printing money like madmen but Chinese equities continue lower. Average Chinese citizens have placed their entire life savings in stocks chasing the parabolic rise and are now receiving their heads on a platter. The first rate hike by the Fed remains a mystery. The consensus is for a September hike but the Fed will likely keep pushing it off into the future due to a sluggish economy with no wage growth (inflation cannot exist without wage inflation).
The Middle East remains in chaos with the US reacting to events without any cohesive plan or foreign policy in place. The Holy War waged by ISIS Islamist radicals against Christians and Jews continues. Social unrest and wars continue around the world. Ukraine fighting is ongoing despite the ceasefire. ISIS Islamist radicals are performing genocide against Christians and Jews while the world looks on. ISIS is encouraging global terrorism during the current season of Ramadan.
The chronology records economic history in real time preventing revisionist tampering in future years. Many of the same asset managers telling everyone to go long the market in 2008 are repeating the same mantra these days. Their quotes and words are recorded. Perhaps they are correct with their market cheer leading; perhaps they are not. If a multi-year top prints during the weeks ahead, the chronology serves as the most accurate accounting of the market topping process. Aunt Edna took her life savings and invested in utility stocks because the nice gentlemen on television said to but now she is eating franks and beans as the utility stocks collapse. The chronology is the most reliable and easy to understand source explaining global markets.
As always, all monthly publications are available from the links in the left margin or simply searching on Amazon. The monthly publication contains updated information not posted on the web site as well as clarifications and refinements.
We are living through historic stock market and economic times. The daily chronology is the most accurate accounting on how a potential epic stock market top forms in real-time. The detailed chronology prevents the writing of revisionist history in the future.The monthly publications are compatible with most electronic devices and include an extensive Business Acronym List and Ticker Symbol List. The Acronym List is the most comprehensive business-related list available on the internet. The chronology is not available in hard copy and only distributed around the world electronically.
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