Saturday, July 9, 2016

MONDAY 7/11/16; Cascading Global Rally; Japan “Abe Rally”; NIKK Rallies +4%; Australia “Turnbull Rally”; Leadsom Resigns Corronating Theresa May as New UK Prime Minister; SPX (S&P 500) Begins Week 1-Point from All-Time Closing High and 5-Points from All-Time Intraday High; Fed Speak This Week; SPX Prints New All-Time Record High; Nasdaq 5000; Q2 Earnings Season Kicks Off with AA

The week begins with drama. The SPX is at 2130 only one-point from the all-time closing high at 2131 (5/21/15) and five-points from the 

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 State Department reopens its investigation into Hillary Clinton due to conflicting testimony under oath that does not match the FBI findings. Clinton may face future perjury charges for willful false statements. Democrat Clinton wants to put the email scandal behind her to focus on the POTUS race but the republicans continue applying pressure.

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