Thursday, July 28, 2016

FRIDAY 7/29/16; BOJ Monetary Policy Decision; Euro Zone and US GDP (Gross Domestic Product); EOM (End-of-Month); ABBV; XOM; UPS, AN; COG; CI; KBR; MRK; PSX; PEG; SAVE; SWC; TYC; XRX; Chicago PMI; Consumer Sentiment; SPX (S&P 500) All-Time Record High; COMPQ (Nasdaq Composite) and RUT (Russell 2000) New 2016 Highs; NDX (Nasdaq 100) 16-Year Record High; European Bank Stress Tests

Global market participants face a long night and day ahead. The BOJ decision is on tap in a few hours. Asia indexes will begin trading before BOJ Governor Kuroda provides the stimulus announcement. The yen and currency markets will react wildly when the news hits the wires. Ditto Japanese stocks and European and US futures.

If the BOJ provides a 

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

millennials (ages 18 to 34 years old) are at a paltry 34% home ownership rate. Young people are mired in student loan debt after studying a worthless curriculum that did not lead to a lucrative career as promised. Instead, the millennial asks many times each day, “Ya want some fries wit dat burger?” Owning a house is not as important to young people as it was to the same age group a few decades ago. Couples are having children later in life. As Bob Dylan sings, “The times they are a changin’.”

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