Tuesday, July 12, 2016

TUESDAY 7/12/16; Central-Banker-Fueled Global Rally Continues; NIKK 2-Day Rally +7%; VIX 12-Handle; FAST; SPX (S&P 500) and INDU (Dow Industrials) Print New All-Time Record Highs; COMPQ (Nasdaq Composite) Turns Positive for 2016 Above 5K; RUT (Russell 2000) Tags 1200; Wholesale Trade; 10-Year Note Auction

US futures are flat after the strong two-day rally. S&P -1. Dow -5. Nasdaq -1. The dollar/yen currency pair is moving above 103 representing a weaker yen which will send Japanese stocks strongly higher for a second day. Traders are hooked on central banker stimulus and

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

Fed’s Mester expects a gradual rate hike path ahead and is encouraged after the jobs report. Mester says it is too soon to assess the impact of Brexit on the US economy.

The MLB (Major League Baseball) All-Star Game takes place in San Diego, California. The city benefits with $70 million in revenue from the big game. The American League wins.

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