Thursday, July 21, 2016

FRIDAY 7/22/16; Global PMI’s; AAL; GE; HON; MCO; SWN; SWK; WHR; Munich Terrorist Attack; SPX (S&P 500) New All-Time Closing High; COMPQ (Nasdaq Composite) and RUT (Russell 2000) New 2016 Highs; SYF

US futures are flat as the Asia and Aussie traders rise for the Friday trade. S&P flat. Dow -2. Nasdaq -3. Euro 1.1028. Dollar/yen 105.79. Pound 1.3225. Aussie dollar 0.7506. Dollar/yuan 6.6755. US dollar index 96.89.

[Text is Redacted: Purchase July 2016-07 to Read the Complete Chronology]

Typically, the republican presidential nominee receives a +5% bump in the polls after the convention and the democrat nominee usually receives a +6% goose. The new polls will be interesting to judge the performance of the orange-headed Trump last week. Both Trump and Clinton are disliked by 75% of the country; what a sad state of affairs. Wall Street is more comfortable with Clinton since the investment banks already paid her off with lucrative speaking engagements and a quid pro quo would be expected.

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