Wednesday, August 31, 2016

THURSDAY 9/1/16; Global PMI’s; Challenger Job-Cut Report; CPB; JOY; VRA; ISM Mfg Index; Oil Tanks -4%; AMBA; AVGO; LULU; COO; SWHC; PAY

Euro 1.1155. Dollar/yen 103.32. Pound 1.314. USD 95.96. WTIC oil 44.89. Brent oil 47.04. Natural gas 2.874. Gold 1313. Silver 18.755. Copper 2.0795. US futures trade flat.

US Treasury yields are; 2-year 0.81%, 5-year 1.19%, 10-year 1.58%, 30-year 2.23%. German bund -0.06%. Japan -0.07%.

China PMI Mfg Index is 

[Text is Redacted: Purchase September 2016-09 to Read the Complete Chronology]

companies report earnings. Chip maker AMBA drops -5%. LULU is smacked -9% lower. Lululemon bends over and her yoga pants split. AVGO -2%. Clothing retailer BEBE posts positive earnings. COO -2.4%. SWHC shoots +6% higher. Guns are popular with Americans. PAY pays dearly after earnings crashing -12%.

Tuesday, August 30, 2016

WEDNESDAY 8/31/16; EOM (End-of-Month); Fed Speak; ADP Employment Report; CHS; Chicago PMI; WTIC Oil Collapses -4%; BOX; CTRP; FIVE; CRM

US futures are flat. Euro 1.1144. Dollar/yen 102.96. Pound 1.308. USD 96.04. WTIC oil 46.22. Brent oil 48.33. Natural gas 2.833. Gold 1315. Silver 18.595. Copper 2.0695.

US Treasury yields are; 2-year 0.80%, 5-year 1.18%, 10-year 1.57%, 30-year 2.23%. The 2-10 spread is 77 bips. The 5-30 spread is 105 bips. German bund -0.093%. Japan 10-year yield -0.079%.

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A new poll shows nearly one-half of Americans dislike both candidates declaring a pox on both their houses. 66%, two-thirds of America, say both candidates are untrustworthy. Recent polls are showing that over 20% of undecided independents are breaking towards Gary Johnson the libertarian.

Monday, August 29, 2016

TUESDAY 8/30/16; Japan Economic Data; Fed Vice Chairman Fischer Speaks; ANF; DSW; Consumer Confidence; AVAV; BOBE; HRB; MTRX; PANW

Japanese Household Spending drops -0.5% year-on-year better than the -0.9% expected. Japan Retail Sales fall -0.2% year-on-year better than the -0.9% expected. Japan Unemployment rate falls to 3% the lowest since 1995. The job-to-applicant survey is 1.37 (there are 137 jobs available for every 100 applicants). The happy economic data fails to 

[Text is Redacted: Purchase August 2016-08 to Read the Complete Chronology]

 the true mud-slinging will not begin until after Labor Day. Clinton and Trump will pull off the gloves. Johnson hopes they beat each other up and folks look for an alternative candidate.

Sunday, August 28, 2016

MONDAY 8/29/16; NIKK Rallies +2.3%; Personal Income and Outlays; US 2-10 Yield Spread 75 Bips

Asian indexes are mixed in the early going. The NIKK explodes +2.1% higher but Korea and Australia trade lower. KOSPI -0.4%. ASX 200 -0.3%. BOJ Governor Kuroda’s dovish comments from Jackson Hole on the weekend weakens the yen and pumps Japanese stocks higher. The Topix is up over +2%.

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Interestingly, 77% of the large funds are lagging the broad indexes this year. Common Ma and Pa investors may not be as anxious to hand their money over to financial managers that are underperforming the broad stock market. There is an ongoing trend where investors are choosing a passive investment path by simply buying ETF’s in their brokerage accounts that track the major indexes. The passive strategy outperforms four of every five hot-shot active money managers this year and the funds charge fees for their underperformance.

SUNDAY 8/28/16

Typhoon Lionrock continues gathering strength and should hit northern Japan in 

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10-year yields are; Portugal 3.01%, US 1.63%, Italy 1.13%, Spain 0.94%, UK 0.56%, France 0.17%, Netherlands 0.02%, Germany -0.07%, Japan -0.075%, Switzerland -0.58%. Use the Portugal 10-year yield at 3% as a bellwether for the health of Europe’s economy and financial systems. Market eyes may be changing the focus from the troubled Italian banks to the troubled Portuguese banks.

SATURDAY 8/27/16; BOJ Governor Kuroda Speaks

SPX 2169. INDU 18395. COMPQ 5219. RUT 1238. NIKK 16361. SPASX200 5515. KOSPI 2038. SSEC 3070. HSI 22910. BSE 27782. DAX 10588. CAC 4442. FTSE 6838. MIB 16844. IBEX 8660. PSI 4697.

Speaking from the Jackson Hole Symposium, Bank of Japan Governor Kuroda says 

[Text is Redacted: Purchase August 2016-08 to Read the Complete Chronology]

The bullish prognostications continue. In a CNBC business television interview, Strategas technical analyst Chris Verrone says semiconductors are up +20% this year and have more room to run. Verrone also highlights the strength in homebuilders and proclaims, “We think that is consistent with a market that wants to go up, not down.” Interestingly, seasonality-wise, September is the worst performing month of the year.

Dennis Gartman of “The Gartman Letter” advises clients to go or stay long gold and expects $40 to $50 of upside in the short term. Gartman says, “Sell Treasuries.”

Friday, August 26, 2016

FRIDAY 8/26/16; BIG; GDP (Gross Domestic Product); International Trade; Consumer Sentiment; Fed Chair Yellen Speaks from Jackson Hole; Fed Vice Chairman Fischer Speaks

S&P +2. Dow +9. Nasdaq +2. Euro 1.1286. Dollar/yen 100.55. Pound 1.3191. Aussie dollar 0.7624. Dollar/yuan 6.6595.

WTIC oil 47.34. Brent oil 49.67. 

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The US 10-year yield ends at 1.63% a 2-1/2 month high. The 2-year yield is at 0.85% for a 2-10 spread at 78 bips. The yield curve remains in a flattening bias after Yellen’s and Fischer’s comments.

Wednesday, August 24, 2016

THURSDAY 8/25/16; Jackson Hole Economic Policy Symposium; German IFO Data; BURL; GLNG; MDT; SAFM; TITN; MIK; Durable Goods; DG; DLTR; MIK; SHLD; SIG; TIF; ULTA; US Presidential Politics

Euro 1.126. Dollar/yen 100.43. Pound 1.3233. WTIC oil 46.80. Brent oil 49.07. Natural gas 2.79. Gold 1327. Silver 18.51. Copper 2.08.

[Text is Redacted: Purchase August 2016-08 to Read the Complete Chronology]

The US Navy fires three warning shots at fast-moving Iranian boats that are traveling too close to the destroyer in the Straits of Hormuz. After President Obama gave away the store to Iran for the nuclear agreement, they kick sand in America’s face. When you lay down in bed with criminals and terrorists, do not be surprised if you wake up with more problems.

WEDNESDAY 8/24/16; Existing Home Sales; 5-Year Note Auction; HPQ; WDAY; PVH; GES; WSM

US futures are flat. S&P +1. Dow +13. Nasdaq +5. WTIC oil 47.70. Brent oil 49.65. Natty 2.76. Gold 1338. Silver 19.01. Copper 2.128. USD 94.62.

Treasury yields are; 2-year 0.75%, 5-year 1.14%, 10-year 1.55%, 30-year 2.24%. The 2-10 spread is 80 bips and the 5-30 spread is 110 bips reflecting flattening yield curves.

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 two key tech companies are reporting earnings. HPQ drops -5% on weak guidance. WDAY launches +9% recovering from its drubbing over the last few days.

Retail is in focus after the bell starting with supplier PVH that catapults +10% on earnings. TLYS +9%. WSM -0.2%. GES rallies +15%. The retail sector will be joyous tomorrow.

Tuesday, August 23, 2016

TUESDAY 8/23/16; PMI’s; BBY; SJM; TOL; New Home Sales; 2-Year Note Auction; MIB Rallies +2.5%; COMPQ (Nasdaq Composite) All-Time High; RUT (Russell 2000) New 2016 High; INTU; LZB

The Nikkei Index futures point to a lower open for the regular session. Ditto the SPASX200. USD 94.57. Euro 1.1325. Dollar/yen 100.11. Pound 1.3143.

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Clinton downplays her nefarious activities calling the new revelations frivolous and a republican smear. The majority of the US press continues to run cover for Clinton to help her achieve the Whitehouse. If Clinton is elected president, she will easily sweep all her scandals under the rug forever. The United States has grown into a very corrupt nation over the last decade.

Sunday, August 21, 2016

MONDAY 8/22/16; MOBI; Oil Drops +3%; Natural Gas Gains +4%; ZOES

Fed Vice Chairman Fischer says a rate hike is on the table for this year so the dollar rises. At the same time, BOJ Governor Kuroda professes dovishness so the yen weakens. The dollar/yen pair rises to 100.41 and will send the Nikkei and Topix indexes higher.

Oil is in retreat to begin the 

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80% of the American media provides news from the democrat perspective and 20% from the republican perspective. Impartial neutral news does not exist. The liberal-leaning media aids Clinton in sweeping her nefarious behavior under the rug. Officials say the new Clinton documents will be released to the public probably in October before the 11/8/16 election.

SUNDAY 8/21/16; Fed Vice Chairman Fischer Speaks

50 are killed at a Kurdish wedding celebration in Turkey by a 12-year old suicide bomber. What a sick religion to strap a bomb to a child and send him on a murderous deed. 100 are wounded. Turkey blames the ISIS Islamist radicals for the 

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The Fed is playing the same old games trying to keep the idea of a rate hike on the table but the market does not believe the jawboning. Fed Funds futures indicate a 20% chance of a hike next month and only a 50% chance in December. Fischer is laying out the hawkish vibe ahead of Yellen’s speech on Friday at Jackson Hole. Even though Fischer’s words are not believed by market participants, the dollar will rise on the hawkish comments.

Saturday, August 20, 2016

SATURDAY 8/20/16; Patel Named New RBI Governor; BOJ Governor Kuroda Proclaims Deeper Negative Rates Ahead

SPX 2184. INDU 18553. COMPQ 5238. RUT 1237. NIKK 16546. SPASX200 5527. KOSPI 2056. SSEC 3108. HSI 22937. BSE 28077. DAX 10544. CAC 4401. FTSE 6859. MIB 16310. IBEX 8451. PSI 4701.

Caterpillar axes over 150 employees at a Texas plant 

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no one is buying what Kuroda is selling and confidence and credibility in the BOJ will take another hit; a serious hit. All central bankers will be painted with the same brush. Once confidence is lost in central bankers, all is lost.

Thursday, August 18, 2016

FRIDAY 8/19/16; Aussie Bank Downgrades; OpEx; BKE; DE; EL; FL; HIBB; Italy’s MIB Tumbles -3%; Oil Rallies +10% This Week

In early Asia and Aussie trading, the NIKK is up +0.3% to 16542. The SPASX200 is up +0.1% to 5512. The KOSPI is up +0.1% to 2057.

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As the flooding and devastation continues in Louisiana, and people suffer, President Obama remains on vacation golfing with Hollywood celebrities and partying until one in the morning. The president’s handlers say he will be back in Washington, DC, on Sunday evening and will visit Louisiana on Tuesday; he obviously does not see an urgency to the multi-decade Louisiana flooding disaster the worst natural disaster event in the region since Hurricane Katrina. The floods are ongoing for one week and President Obama has not even provided a statement of sympathy for Louisiana; if he did it would cut into his drinking and partying time.

Wednesday, August 17, 2016

THURSDAY 8/18/16; China Property Prices; Brent Oil Tags 51; WTIC Oil Above 48; BONT; HRL; TTC; WMT; CSIQ; JKS; TSL; Philly Fed; Leading Indicators; GPS; ROST

Asia indexes begin the session trading lower. NIKK -0.5%. Topix -0.6%. Straits Times -0.3%. ASX 200 -0.4%. Aussie dollar 0.7670. Australia employment rises a big 

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American families feel that have loved ones held in foreign prisons? Why does President Obama choose to pay ransom to release some Americans but not pay ransom to release others? Those families deserve an explanation. The country’s moral compass is broken.

Fed’s Kaplan says the economy and markets are a “challenging time.” Kaplan says the Fed has room to raise rates, however, the rate hikes would be very slow and gradual.


Euro 1.1274. Dollar/yen 100.29. Pound 1.3027. Aussie dollar 0.7697. Dollar/yuan 6.6254.

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Cisco confirms that 5,500 employees will be cut, about 7% of its workforce. CSCO is down -1.4% in the AH’s trading after beating on EPS and matching on the top line. NTAP launches +5.7% after earnings. Skimpy lingerie seller LB dances +2.2% higher after earnings. NTES +0.7%.

Monday, August 15, 2016

TUESDAY 8/16/16; RBA Minutes; Russia’s MICEX All-Time Record High; UK Economic Data; WTIC Oil Above 46; Brent Oil Above 49; Dollar/Yen 99-Handle; HD; AAP; DKS; HAIN; TJX; CPI (Consumer Price Index); Housing Starts; Industrial Production

Euro 1.1182. Dollar/yen 101.26. Pound 1.288; sterling is at 30-year lows against the dollar. The pound weakens after the Brexit vote in late June. The BOE promises more easy money so everybody and his brother are short sterling 

[Text is Redacted: Purchase August 2016-08 to Read the Complete Chronology]

was expected a huge 4 million barrel difference. If people do not have jobs, and do not have any money to go shopping, the car sits in the driveway. Higher gasoline supply and lower demand hints that oil may experience higher inventories and less demand in the weeks ahead which creates the softness in oil prices.

Sunday, August 14, 2016

MONDAY 8/15/16; Assumption Day; Japan Q2 GDP; WTIC Oil Above 45; SORL; SYY; Empire State Mfg Survey; SPX (S&P 500), INDU (Dow Industrials), COMPQ (Nasdaq Composite) and NDX (Nasdaq 100) All-Time Record Highs; RUT (Russell 2000) and NYA (NYSE Composite) 2016 Highs

Today is Assumption day a Catholic holiday celebrated around the world especially in Europe and Latin America. The day commemorates the departure of Mary from this life and the assumption of her body into heaven. Celebrations are planned in many countries including 

[Text is Redacted: Purchase August 2016-08 to Read the Complete Chronology]

prior month is revised lower from $41.1 billion to $40.8 billion.

US Treasury yields are; 2-year 0.73%, 5-year 1.13%, 10-year 1.56%, 30-year 2.28%. The 2-10 spread is 83 bips.

SUNDAY 8/14/16; A World in Turmoil

The US and Western-backed troops in Syria retake the city of Manjib from the ISIS Islamic radicals. The vast majority of citizens are happy; the women are shedding burqa’s and men are smoking cigarettes in public. The ISIS Muslim radicals had enforced strict Sharia law in the city over the last couple years. Manjib is on the vital 

[Text is Redacted: Purchase August 2016-08 to Read the Complete Chronology]

Four nations are in the negative camp on the 10-year. It is a disgrace what global central bankers have done to the world’s financial system. The shame is that the final act of the sick drama, eight years of direct central banker intervention to pump the stock markets higher making the wealthy filthy rich while eliminating the middle class, has yet to play out.

Friday, August 12, 2016

SATURDAY 8/13/16

SPX 2184. INDU 18576. COMPQ 5233. RUT 1230. NIKK 16920. SPASX200 5531. KOSPI 2050. SSEC 3051. HSI 22767. BSE 28152. DAX 10713. CAC 4500. FTSE 6916. MIB 16998. IBEX 8716. PSI 4829.

In Aleppo, Syria, two people, a mother and child, are killed by chlorine gas. President Assad will need to be charged with war crimes for using chemical warfare against humans. President Obama prided 

[Text is Redacted: Purchase August 2016-08 to Read the Complete Chronology]

The Fox business block of television pundits are advising viewers to buy DAL, VZ, VOD and EWZS saying they will all gain over +20% over the next year.  The picks reflect long airlines, long telecom and long Brazil.

Thursday, August 11, 2016

FRIDAY 8/12/16; China Economic Data; JCP; Retail Sales; PPI; Business Inventories; Consumer Sentiment; COMPQ (Nasdaq Composite) All-Time Closing High

Euro 1.1133. Dollar/yen 101.85. Pound 1.2955. US dollar index 95.91. WTIC oil 43.59. Brent oil 45.96. Natural gas 2.531. Gold 1343. Silver 19.99. Copper 2.187.

Treasury yields are; 2-year 0.75%, 5-year 1.14%, 10-year 1.56%, 30-year 2.28%. German bund -0.086%. Japan 10-year yield -0.112%.

[Text is Redacted: Purchase August 2016-08 to Read the Complete Chronology]

Like Japan and Switzerland, the central banks in other nations may begin buying corporate debt, ETF’s and stocks. This is sick and obviously will not end well. For now, the band plays on and the Fed champagne is flowing like water. Traders are drunk as skunks, buying stocks with reckless abandon, intoxicated by the guarantee that central bankers will keep stock markets elevated forever. Be sure to have a chair available to sit on once the music stops playing.

Wednesday, August 10, 2016

THURSDAY 8/11/16; RBNZ and BOK Rate Decisions; BABA; KSS; M; 30-Year Bond Auction; Oil Rallies +5%; SPX (S&P 500) and INDU (Dow Industrials) All-Time Highs; COMPQ (Nasdaq Composite) All-Time Closing High; DDS; JWN; NVDA; RT; VJET

Euro 1.118. Dollar/yen 101.20. Pound 1.3011. WTIC oil 41.49. Brent oil 43.83. Natural gas 2.57. Gold 1352. Silver 20.18. Copper 2.17.

Treasury yields are; 2-year 0.69%, 5-year 1.07%, 10-year 1.51%, 30-year 2.23%.

Japan markets are closed for the 

[Text is Redacted: Purchase August 2016-08 to Read the Complete Chronology]

 corrupt and crooked at all levels of government. This is why Americans feel they have nowhere to turn since both the democrats and republicans created the mess in the United States over the last few decades; both parties are filthy. This is America in 2016.

Tuesday, August 9, 2016

WEDNESDAY 8/10/16; BOE Bond-Buying Shortfall; Record Low Gilt Yields; Netherlands 10-Year Yield Goes Negative; KORS; RL; JD; PRGO; WEN; JOLTS (Job Openings Report); 10-Year Note Auction; SHAK

Asian indexes are trading flat to negative in a quiet session. Japan machinery orders (core) are up +8.3% well above the +3.1% expected. Machinery orders are up nearly +18% a robust number. Services gain over +2%. Traders scratch their bald heads over the encouraging data when the Japanese manufacturing sector obviously remains sick and weak.

[Text is Redacted: Purchase August 2016-08 to Read the Complete Chronology]

 easier to win with journalism friends running cover every day exalting the democratic candidate while ridiculing and denigrating the republican. The republicans are just as guilty of telling tall tales as the democrats only they do not control the daily press narrative like the democrats. The election is 11/8/16 only 89 days away and most Americans wish it was tomorrow so the drama and baby games can end.

Monday, August 8, 2016

TUESDAY 8/9/16; RBI Policy Decision; Pound (Sterling) Under 1.30; Spain 10-Year Yield Under 1%; COH; EXC; LNG; MWW; MYL; NRG; RRGB; WWAV; Wholesale Trade; European Indexes Rally; DAX Up +2.5% in Bull Market; 3-Year Note Auction; Natural Gas Crashes -5%; DIS; FOSL; YELP

Australia and Asia indexes begin the session trading higher. The NIKK is up +0.2% at 16679. The SPASX200 is up +0.1% to 5539. The KOSPI is up +0.2% to 2036. Singapore markets are closed for a holiday.

[Text is Redacted: Purchase August 2016-08 to Read the Complete Chronology]

API Oil Inventories are up the most in three months. Stockpiles are a 2.1 million barrel build when a 1 million barrel drawdown was expected. Oil prices sink on the higher supply. WTIC oil 42.30. Brent oil 44.76.

Treasury yields are; 2-year 0.71%, 5-year 1.11%, 10-year 1.55%, 30-year 2.26%.

Sunday, August 7, 2016

MONDAY 8/8/16; China Economic Data; AGN; DF; TSN; NILE; SPX (S&P 500) All-Time High; COMPQ (Nasdaq Composite) All-Time High; RUT (Russell 2000) New 2016 High; ARNA; CTRP; HTZ; MTW; MNKD; MCHP; RAX

Euro 1.1088. Dollar/yen 101.95. Pound 1.307. USD 96.24. WTIC oil 41.80. Brent oil 44.27. Natural gas 2.77. Gold 1344. Silver 19.82. Copper 2.15.

US Treasury yields are; 2-year 0.73%, 5-year 1.14%, 10-year 1.59%, 30-year 2.32%. 

[Text is Redacted: Purchase August 2016-08 to Read the Complete Chronology]

The republican establishment, the silver-haired white guys in the back room, are likely backing the no-name candidate McMullin since they want to see Trump defeated. Entrenched republican leadership is hoping for the orange-headed bloviating showman to lose since he will change the Republican Party forever if he wins.

SUNDAY 8/7/16

In Belgium, another deranged Muslim goes berserk screaming “Allahu Akbar (God is Great)!” as he strikes two police officers with a machete. A third officer kills the Islamic radical. The two officers survive. The radical Muslims are following the Quran that dictates believers kill the infidel (Christians, Jews and anyone not willing to live by strict Sharia law) and they are using guns, knives, bombs, vehicles and any other means to carry out the sick scriptures. The new Holy War that has started and expands under President Obama’s watch, pitting Muslims against Christians and Jews, expands across the Middle East and around the world.

In Syria, a humanitarian crisis is occurring with 250K people in Aleppo cut off from 

[Text is Redacted: Purchase August 2016-08 to Read the Complete Chronology]

 Olympics continues in Brazil with initial television ratings showing lower interest than the prior Olympics. Two bags that have been left behind over the last two days by fans at different locations are detonated by the bomb squad but both contain harmless contents. Aunt Jane will have to do without her camera, Olympics program and binoculars.

Friday, August 5, 2016


The first full day of Olympic events begin at the Brazil summer games. Protests continue near the Olympic venues with riot police using tear gas to control demonstrators. A group of protestors burn a 2016 Olympics shirt and Brazil’s flag.

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Johnson’s poll numbers were as high as 13% a couple weeks ago. Nearly 75% of Americans dislike both the scandalous liar Clinton and the orange-headed carnival clown Trump. A third candidate competitive in the mix would create more drama.

Thursday, August 4, 2016

FRIDAY 8/5/16; German Factory Orders; CCC; EXC; WY; US Monthly Jobs Report; Italy’s MIB Rallies +2.4%; SPX (S&P 500) All-Time High; COMPQ (Nasdaq Composite) All-Time Closing High and 2016 Record High; NDX (Nasdaq 100) and RUT (Russell 2000) New 2016 Record Highs; 2016 Summer Olympics Begin in Brazil

Asian indexes begin the session on the positive side. The ASX 200 is 

[Text is Redacted: Purchase August 2016-08 to Read the Complete Chronology]

Brazil’s pollution is vile with sewage and filth floating on the surface of the dirty waterways. Spectators and athletes are worried about the safety of the drinking water; no doubt that bottled water will be in high demand. Brazil was on top of the world a decade ago emerging as a premier market and economy but its moment in the sun has passed. Hopefully, the deranged Muslim nutcases will not stage a terrorist attack at the Olympics.

THURSDAY 8/4/16; BOE Rate Decision; AGCO; APA; CRZO; CHK; CTB; DUK; ITT; K; LPX; MGM; PCLN; SFM; SSYS; TARO; Challenger Job-Cut Report; Factory Orders; ATVI; KHC; ED; FLR; LNKD; LGF; MNST; NDLS; NUS; TRIP; WTW; ZG; ZGNA

Japan, Australia and South Korea begin the session trading higher. NIKK +0.7%. SPASX200 +0.4%. KOSPI +0.5%. US futures are flat.

[Text is Redacted: Purchase August 2016-08 to Read the Complete Chronology]

unable to guarantee to the American people that the cash money ransom payment will not be used to fund worldwide terrorism. This is sickening. The president is providing cash to Muslim terrorists which they will use to wage terrorism and war. Most everything is corrupt these days in politics, business and on Wall Street.

Tuesday, August 2, 2016


S&P -2. Dow -11. Nasdaq -4. VIX 13.37. The ASX 200 and Nikkei Index futures are indicating a lower open for hump day. Euro 1.1219. Dollar/yen 101.09. Pound 1.3344. Aussie dollar 0.7600. Dollar/yuan 6.6272.

[Text is Redacted: Purchase August 2016-08 to Read the Complete Chronology]

Nike plans to exit the golf equipment supply business. NKE will stop producing golf balls, clubs and other equipment. Nike sponsors Rory McIlroy and Tiger Woods. Nike will remain involved in golf shoes, socks and apparel. Nike says the interest in golf is waning. NKE is flat in late trading.

Monday, August 1, 2016

TUESDAY 8/2/16; Japan Stimulus Plan; RBA Cuts Key Rate; AET; ADM; AVP; CMI; DISCA; ETN; HEP; H; IPI; MOS; TAP; PFE; PG; STX; Personal Income and Outlays; Dollar/Yen 100-Handle; RUT Prints Under 1200; AIG; CAR; DATA; DVN; EA; ETSY; EXPD; HBI; FIT; MOD; NBR

US futures are flat (Monday evening) as traders rise in Australia and Asia to begin the Tuesday trading day. S&P +1. Dow +5. Nasdaq +2. Euro 1.1160. 

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 by four to eight percentage points and the gap may widen further as the pumpkin-headed buffoon keeps sticking his foot in his mouth. The presidential race becomes more bazaar each day.