Tuesday, July 5, 2016

WEDNESDAY 7/6/16; Record Low Global Bond Yields Continue; US 10-Year Yield 1.31%; Pound 1.27; Dollar/Yen 100; European Banks Mini-Crashing; WBA; PMI Services; FOMC Minutes

US futures are marginally negative as Aussie and Asia traders prepare for hump day and Tuesday evening continues in the States. S&P -2. Dow -17. Nasdaq -6. Euro 1.1063. Dollar/yen 101.28. Wow. The pound drops under 1.30 to 1.2956. Dollar/yuan 6.686. Aussie dollar 0.7431.

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

The API Oil Inventories, delayed one day due to the holiday, drop a big 6.7 million barrels. Oil prices jump. WTIC is up +2.7% at 47.83. Brent oil 49.23.

Attorney General Lynch follows the FBI recommendation to not bring charges against Hillary Clinton for the email scandal. The Clinton’s, President Obama, FBI Director Comey and Lynch likely colluded behind the scenes to orchestrate the outcome. US politics have become filthy and incestuous. The common people realize they are being sold down the river as the rich become richer (due ot central banker monetary policy) and the privileged elite class play by a different set of rules.

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