Tuesday, July 7, 2015

WEDNESDAY 7/8/15; China Imposes Trading Halts; Asian Bloodbath; Aussie Dollar Under 0.74; Copper at 6-Year Lows; Greece Drama Continues; NYSE Exchange System Outage; 10-Year Note Auction; FOMC Minutes; Q2 Earnings Season Begins with AA

Chinese regulators and the PBOC continue to try and stop the stock market crash in China. In a new twist to the drama, more than one-third of Chinese stocks have applied for a ‘trading halt’. Say what? The Chinese stock regulators appear to be making up rules as they go along but that is guaranteed in a communist society. Many stocks will take a ‘trading halt’ and not trade as ridiculous as this sounds. The stock will simply move to the side and not trade for a few days or longer.

If you own stock in one of these companies that plan a ‘trading halt’, your money is frozen and trapped until the regulators, in conjunction with the company, allow the stock to 








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 10-year 2.1975%, 30-year 2.98%. German bund 0.676%. Japan 10-year yield 0.457%.

Technicians are working late hours at the NYSE continuing to address the software malfunction outage.

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