Monday, July 31, 2017

TUESDAY 8/1/17; China Caixin PMI; RBA Rate Decision; Global PMI Indexes; Personal Income and Outlays; PFE; UAA; ADM; APD; UAA; S; MOS; PFE; S; ARII; ADM; BP; CNX; CMI; ETN; FDP; HEP; HMC; INCY; LPX; LL; MLM; PSX; RCL; SPG; SNE; XRX; ISM Mfg Index; INDU and NYA Print All-Time Highs; NYSE Composite Above 12K; Dow 22K Watch Continues; AAPL; BZH; BXP; CBT; DENN; DVN; EOG; FEYE; FISV; FTK; FMC; GNW; GLUU; HBI; HLF; ILMN; NFX; PZZA; RRC; TEX

South Korea Exports are up 19.5% versus the +15.9% expected. Imports are up 14.5% versus the 15.0% expected. The numbers are strong. South Korea’s trade surplus is $10.6 billion. South Korea inflation data is stronger than expected. The CPI is up +2.2% year-on-year versus the prior +2.1%. Korean won 1118.63.

Aussie and Asia stocks begin trading 







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Sunday, July 30, 2017

MONDAY 7/31/17; EOM (End-of-Month); WTIC Oil Above 50; China PMI Data; DO; ROP; Chicago PMI; US Dollar Index 92-Handle; Euro Above 1.18; Natural Gas Mini-Crashes -5%; INDU (Dow Industrials) and NYA (NYSE Composite) Print All-Time Highs; EZPW; P; OI; TXRH; VNO; ZIOP

Today is the last day of July so the monthly stock charts will receive new data points. August trading begins tomorrow. The S&P 500 began July at 2423 and is at 2472 so the bulls are on track to print another positive month of stock market gains. The Federal Reserve is finally acknowledging the lack of inflation and the US dollar index drops like a 








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Federal Reserve Vice Chairman says, “Uncertainty hurts growth.” The political machinations in Washington, DC, are not constructive for the economy and markets.

SUNDAY 7/30/17; Venezuela Election

Australia thwarts a terrorist attack arresting four individuals that were plotting to take down an airliner. Raids continue in several Sydney locations. Australia says the terror plot is inspired by radical Islamic teachings but will not release further details.

A 26-year old Palestinian many goes berserk stabbing 







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Euro 1.1748. Dollar/yen 110.65. Pound 1.3133. WTIC oil 49.79. Brent oil 52.52. Natural gas 2.92. Gold 1269. Silver 16.745. Copper 2.88.

Saturday, July 29, 2017

SATURDAY 7/29/17

SPX 2472. INDU 21830. COMPQ 6375. RUT 1429. NIKK 19960. SPASX200 5703. KOSPI 2401. SSEC 3254. HSI 26979. BSE 32310. DAX 12163. CAC 5131. FTSE 7368. MIB 21430. IBEX 10536. PSI 5173.

Chaos and violence continues in Venezuela. The government 





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The USS Nimitz fires warning flares at aggressive Iranian gunships in the Persian Gulf. Tensions remain high in the area and a small mistake by either side may create an international incident.

Thursday, July 27, 2017

FRIDAY 7/28/17; Japan Economic Data; US Healthcare Bill Fails in Senate; European GDP’s (Gross Domestic Product); CVX; XOM; ABBV; BCS; BT; COG; GT; MRK; COL; RUTH; WFT; WY; US Q2 GDP; Consumer Sentiment; INDU (Dow Jones Industrials; DJI) Prints All-Time High

S&P -2. Dow -12. Nasdaq -12. Euro 1.1682. Dollar/yen 111.18. Pound 1.3071. Aussie dollar 0.7971. Dollar/yuan 6.743. USD 93.94.








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Tesla unveils its Model 3 electric car which is priced to target more mainstream Americans. The glorified golf cart will likely be priced at $35,000 and up although Tesla has not yet committed to a firm price. CEO Musk proclaims, “We are going to do everything we can to make cars as fast as we can.” The competition from other electric car makers is increasing. TSLA trades flat in the afterhours.

Wednesday, July 26, 2017

THURSDAY 7/27/17; MO; MA; PG; UPS; ALXN; AEP; AMT; ADP; BSX; BWA; BMY; GTLS; CLF; COP; COR; DB; DEO; DOW; DPS; DNKN; EVR; HUN; JCI; KERX; KKR; LAZ; MPC; MAS; MCK; MGM; PCG; PF; POT; PX; RS; RTN; SIRI; LUV; SAVE; TPX; TDC; VALE; VLO; VZ; XEL; ZBH; Durable Goods; International Trade; Amazon CEO Jeff Bezos Becomes the Richest Man in the World; WTIC Oil Above 49; SPX, INDU, COMPQ and NDX Print All-Time Highs; AMZN; INTC; BIDU; SAM; BYD; CERN; CY; DECK; DLR; EMN; EIX; EGO; AUY; EA; EXPE; FE; FSLR; GHL; HIG; MAT; MHK; NOV; SBUX; SYK; WDC

Australia and South Korea begin trading higher while Japan is flat. NIKK -0.1%. Topix +0.1%. ASX 200 +0.3%. KOSPI +0.6%. The Aussie dollar tags 80 cents at 0.8008, a palindrome. Dollar/yuan 6.7540. Euro 1.1736. Dollar/yen 111.03. Pound 1.3122.







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SBUX -4.2%. Starbucks popped on earnings and then falls on its sword. AMZN -2.7%. INTC +0.9%. BIDU +7%. MAT -4%.

Tuesday, July 25, 2017

WEDNESDAY 7/26/17; India’s Nifty Above 10,000 and BSE Sensex Above 32.4K; BA; KO; GLW; DHI; F; NSC; NOC; ALK; ANTM; DTE; FLIR; GSK; HSY; HES; HLT; IR; LH; OC; ROK; ROL; R; STM; TUP; USG; New Home Sales; VIX (Volatility) Prints 8-Handle; 5-Year Note Auction; FOMC Meeting Announcement; US Dollar Index 93-Handle; Euro Above 1.17; SPX, INDU, COMPQ and NDX Print All-Time Highs; FB; PYPL; LRCX; XLNX; FFIV; FTNT; VRTX; GILD; AEM; ABX; GG; BWLD; EW; ETH; IMAX; KS; NTRI; ORLY; PKG; RCII; TER; TSCO; WLL; WFM

Aussie and Asia stocks begin trading higher following the US lead. NIKK +0.8%. ASX 200 +0.9%. KOSPI +0.1%. Topix +0.6%. Euro 1.1641. Dollar/yen 112.00. Pound 1.3025. Aussie dollar 0.7934. Australia releases CPI data shortly and the RBA Governor Lowe is expected to make comments on the labor market and monetary policy.







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The US House and Senate are in the process of approving new sanctions against Russia, Iran and North Korea. President Trump will have to decide if he wants to sign the sanctions into law. Iran says it will retaliate. Russia says it will wait to see if the sanctions are implemented before discussing a response.

Monday, July 24, 2017

TUESDAY 7/25/17; MMM; UTX; CAT; DD; GM; LLY; MCD; AKS; ATI; BIIB; DPZ; FCX; GPK; HCA; JBLU; KMB; MDR; NEM; PCAR; PHM; SVU; German IFO Business Sentiment Strong; Copper and Oil Rally +4%. Brent Oil Above 50; VIX (Volatility) Plummets to Historic Low 9.04; Euro Prints Above 1.17; FOMC Two-Day Policy Meeting Begins; Housing Data; Consumer Confidence; 2-Year Note Auction; SPX, COMPQ, RUT and NYA Print All-Time Highs; AMD; AKAM; AMGN; T; CMG; ESRX; JNPR; TRN; TXN; UHS; WYNN; X; ZION

Aussie and Asia stocks begin trading higher. NIKK +0.2%. Topix +0.1%. The BOJ releases meeting minutes that do not contain any surprises. ASX 200 +0.6%. All sectors trade higher in Australia except for energy and telecom. Aussie healthcare stocks jump +1.6% and industrials are up +1%.








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President Trump says Janet Yellen and Gary Cohn are the front runners for the Federal Reserve top job next year. Yellen’s term ends in January-February only six months away. Trump releases this information probably to distract away from the ongoing Whitehouse drama. Yellen does not appear interested in another term. Her health may not be the best. Trump likely realizes he will need a dovish Fed for the next few years to keep goosing stocks higher and continue the illusion that the economy is doing well.

Sunday, July 23, 2017

MONDAY 7/24/17; Global PMI Data; IMF Adjusts Growth Forecasts; OPEC Meeting; Existing Home Sales; CALM; HAL; HAS; ITW; SWK; MAN; VFC; COMPQ (Nasdaq Composite) and NDX (Nasdaq 100) Print All-Time Highs; GOOGL APC; CLB; SWFT; WERN

US futures are flat. S&P flat. Dow +3. Nasdaq +2.

Euro 1.1666. Euro/yen 129.66. Dollar/yen 111.13. Pound 1.2996. Euro/pound 0.8977. Mexican peso 17.6215. Canadian dollar 1.2540. Dollar/yuan 6.7666. Indian rupee 64.32. Aussie dollar 0.791. USD 93.95. The US dollar index has a 93-handle not seen since May-June 2016.

Treasury yields are; 2-year 1.34%, 5-year 1.80%, 10-year 2.24%, 30-year 2.81%.






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GOOGL sinks -3.1% in late trading. The FAANG stocks are de-toothed. AAPL -0.3%. AMZN -0.5%. FB -0.8%. NFLX -0.3%.

Saturday, July 22, 2017

SUNDAY 7/23/17

The new moon peaks at 5:45 AM EST. This is the darkest time of the month so covert military operations will be carried out by forces that employ state of the art night vision technology. The Earth and Moon are at a gravitational inflection point so earthquake activity may increase around the world. Greece and Turkey continue assessing and addressing problems from the Friday quake. The stock market is typically weak moving through the new moon each month so the bears can place a tiny feather in their cap since a slight negative bias is in play for stocks on Monday.

The violence continues at Temple Mount in Jerusalem. Palestinian rioters are 







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President Trump supports new sanctions against Russia. The EU voices concern that sanctions against Russia may hurt European countries.

SATURDAY 7/22/17; Trouble at Temple Mount; Poland Protests

SPX 2473. INDU 21580. COMPQ 6388. RUT 1436. NIKK 20100. SPASX200 5723. KOSPI 2450. SSEC 3238. HSI 26706. BSE 32029. DAX 12240. CAC 5118. FTSE 7453. MIB 21202. IBEX 10427. PSI 5296.

A 19-year old Palestinian climbs a fence entering the West Bank stabbing three Israeli’s to death injuring another. A neighbor responds to the horrific screams of agony and pain 







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South Africa golfer Brendan Grace shoots the lowest round ever in a major championship at only 62 strokes for the 18-hole round. Grace will be in the history books forever. Berenberg Bank and Calloway Golf (ticker ELY) sponsor Grace and are rejoicing at the positive publicity and marketing attention. The final round is played tomorrow when the British Open champion will be crowned.

Thursday, July 20, 2017

FRIDAY 7/21/17; Euro Pops Above 1.16; US Dollar Drops Under 94; European Indexes Selloff on Stronger Euro; GE; CL; HON; KSU; RF; STI; SLB; VOD; RUT (Russell 2000) and NDX (Nasdaq 100) Print All-Time Record Highs

Euro 1.1629. The euro is at levels not seen since January 2015. Traders are not buying into ECB President Draghi’s dovishness sine he said, out the other side of his mouth, that he would begin discussing the tapering of QE in the autumn.

A double whammy occurs for the euro since the 












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 has greedily amassed huge fortunes over the last nine years courtesy of the Federal Reserve’s easy monetary policies. This is America in 2017; Mark Twain would call it “The Gilded Age.” Social problems and societal unrest in Western nations are papered over by layers of central banker easy money. Enjoy the ride since the destination is not a pleasant place.

Wednesday, July 19, 2017

THURSDAY 7/20/17; Aussie Employment Data; Japan Trade Data; BOJ Rate Decision and Governor Kuroda Press Conference; ECB Rate Decision and President Draghi Press Conference; BK; BX; BBT; KEY; PM; PPG; SHW; TRV; UNP; DHR; DOV; GPC; NUE; UL; Philly Fed Survey; SPX, COMPQ, NDX, RUT and NYA Print All-Time Highs; Leading Indicators; MSFT; V; COF; ATHN; ETFC; EBAY; ISRG; SWKS

S&P futures -2. Dow -18. Nasdaq -1. Euro 1.1529. Dollar/yen 111.84. Pound 1.3027. Aussie dollar 0.7957. Dollar/yuan 6.7519. USD 94.76.

WTIC oil 47.12. Brent oil 49.70. Natty 3.07. Gold 1242. Silver 16.28. Copper 2.7075.




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After the closing bell, the earnings releases continue creating moves in stocks. MSFT jumps +4% on happy earnings but guidance is disappointed so the stock collapses down -0.3%. V +0.9%. ATHN +5.4%. COF +4.4%. ETFC +2.5%. EBAY -5.2%. ISRG -0.2%. NCR -5.8%. SWKS -3.1%.

Tuesday, July 18, 2017

WEDNESDAY 7/19/17; BOJ and ECB Two-Day Policy Meetings Begin; MS; USB; MTB; GWW; Housing Starts; SPX, INDU, COMPQ, NDX, RUT and NYA Print New All-Time record Highs; AA; AXP; CHRW; CCI; QCOM; SRPT; STLD; URI

US futures are flat. S&P -2. Dow -13. Nasdaq +8. Euro 1.1551. Dollar/yen 112.04. Pound 1.3035. Aussie dollar 0.7913. Dollar/yuan 6.7466. USD 94.69. The US dollar index printed a low at 94.28 yesterday the lowest since last summer.





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President Trump publically criticizes decisions made by Attorney General Sessions. Trump says he would have never appointed Sessions to the post if he knew that he would recuse himself from the Russia investigation. The orange-headed and yellow-haired president moans that the decision was unfair to him and his presidency. Trump expects his appointees to cabinet and other positions to remain loyal to him above their loyalty to the country.

Monday, July 17, 2017

TUESDAY 7/18/17; US Health Insurance Bill (Trumpcare) Fails in Senate; USD Drops to 94.28; Euro Pops Above 1.15; Pound Above 1.31; RBA Minutes; China Housing Data; UK CPI; BAC; GS; AMTD; HOG; JNJ; LMT; NVS; US Import/Export Prices; SPX (S&P 500) and COMPQ (Nasdaq Composite) Print All-Time Record Highs; CSX; IBM; UAL

Euro 1.1478. Euro/yen 129.30. Dollar/yen 112.66. Sterling 1.3055. Euro/pound 0.8791. Mexican peso 17.5809. Canadian dollar 1.27. Dollar/yuan 6.77. Indian rupee 64.355. Aussie dollar 0.7796. USD 95.15.







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IBM drops -3% during the conference call. CMG falls -0.3% in late trading dropping about -5% today after eight customers take ill after eating at a Chipotle restaurant in Virginia.

Sunday, July 16, 2017

MONDAY 7/17/17; KOSPI (South Korea) Above 2430 at Record High; China GDP; BSE (India) Record High; BLK; Empire State Mfg Survey; RUT (Russell 2000) All-Time Record High; NFLX Launches +11% on Earnings

The bitcoin and ethereum cybercurrencies are slapped in the face. Ethereum crashes -22% to 130.26 over the last day but do not feel bad for the digital currency since it is up +1800% this year. Ethereum is trading at 160 down -62% from the 420 top in June. Bitcoin retreats -12% to 1800 but then recovers to 1930.

US futures are



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Two more polls are released that indicate a 39% approval rating for President Trump with a 54% disapproval rating.

SUNDAY 7/16/17

A coronal mass ejection (CME) occurs from the sun a couple days ago and the M.4 solar flare should reach the Earth today. The plasma wave may negatively impact computers, electronics and communications equipment. The northern lights will put on a brighter display over the next couple days as the x-ray and UV radiation waves hit the Earth.

The Senate delays the ongoing healthcare bill fiasco. Senator John McCain has successful surgery above his eye but will not be able to vote for the passage of the healthcare bill for at least one week as he recovers. The vote count is so razor thin that 





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Treasury yields are; 2-year 1.36%, 5-year 1.87%, 10-year 2.33%, 30-year 2.92%. The 2-10 spread is at 97 basis points. German bund 0.594%. Japan 10-year yield 0.076%. UK gilt 1.31%. France 10-year yield 0.86%. 

Friday, July 14, 2017

SATURDAY 7/15/17

SPX 2459 (record high). INDU 21638 (record high). COMPQ 6312. RUT 1429 (record high). NYA 11897 (record high). TRAN 9743 (record high). NIKK 20119. SPASX200 5765. KOSPI 2415 (record high). SSEC 3222. HSI 26389. BSE 32021 (at record high). DAX 12632. CAC 5235. FTSE 7378. MIB 21492. IBEX 10655. PSI 5303.




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The president is relaxing in New Jersey this weekend watching the US Women’s Open golf tournament. Trump proclaims, “People are really happy with record high stock market up over +17% since election!” In the future, the president will likely regret taking credit for the stock market.

Thursday, July 13, 2017

FRIDAY 7/14/17; Global Markets at Record Highs; Japan Industrial Production; US Bank Q2 Earnings Season Begins; C; JPM; WFC; PNC; INFY; CPI (Consumer Price Index); Retail Sales; Industrial Production; Business Inventories; Consumer Sentiment; SPX (S&P 500), INDU (Dow), TRAN (Dow Transports), RUT (Russell 2000) and NYA (NYSE Composite) New All-Time Record Highs

Global stock markets continue printing at or near record highs as the world’s central bankers maintain accommodative monetary policies. India’s BSE Sensex is trading above 32K. South Korea’s KOSPI keeps printing new records. The EEM Emerging Markets ETF is printing at multi-year highs. US stock markets are led higher by the Dow Jones Industrials and Dow Jones Transports printing new all-time highs providing Dow Theory confirmations forecasting far more upside ahead.

The seven major indexes in the United States have all printed record all-time highs and record all-time closing highs across the board during June and July as follows. The S&P 500 (SPX) all-time high is 2453.82 and all-time closing high is 2453.46 both printing on 6/19/17.

The Dow Jones Industrials (Dow; INDU; DJI; the Dirty Thirty; the blue chips) all-time high is 










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Later in the evening, a couple other people are identified as attending the Donald Trump, Jr, meeting one is reportedly a Russia intelligence agent. Don Jr will have to change his story again.

Wednesday, July 12, 2017

THURSDAY 7/13/17; India’s BSE Sensex Tags 32K; South Korea’s KOSPI Above 2400; DAL; PPI (Producer Price Index); Federal Reserve Chair Yellen Testifies Before Senate Banking Committee; 30-Year Bond Auction; INDU (Dow Industrials), TRAN (Dow Transports) and NYA (NYSE Composite) Print All-Time Record Highs

S&P +1. Dow +3. Nasdaq +2. Euro 1.1415. Dollar/yen 113.30. Pound 1.28990. Aussie dollar 0.7678. Dollar/yuan 6.7878.









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The NYSE Composite is up 19 points, +0.2%, to 11844.79 a new all-time closing high. The NYA needs 25 more points for a new all-time high. The VIX drops to 9.90. The market bears are beaten like a rented mule by the uber low volatility.

Tuesday, July 11, 2017

WEDNESDAY 7/12/17; Japan PPI (Producer Price Index); BOC Rate Decision; FAST; Federal Reserve Chair Yellen Testifies Before House Financial Services Committee; US 10-Year Note Auction; Beige Book; INDU (Dow Industrials; DJI) and TRAN (Dow Transports; DJT) Print All-Time Highs; Dow Theory Confirmation Continues

S&P +1. Dow +11. Nasdaq -1. WTIC oil is up +1.6% to 45.78 after the API Oil Inventories report a huge draw down a few hours ago. Brent oil 48.19. Natty 3.04. Gold 1218. Silver 15.82. Copper 2.676.



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AAPL, NFLX and GOOGL will likely top out first on the monthly basis, perhaps now through October, with FB and AMZN following behind. Even though Pachter has been dead wrong on his sell call for NFLX, he will likely be correct moving forward. The FAANG stocks and other tech heavyweights are likely printing major multi-year tops this year as per the technical analysis from the monthly charts.

Monday, July 10, 2017

TUESDAY 7/11/17; Amazon Prime Day; PEP; JOLTS Report; Wholesale Trade; Oil Pops on Inventory Data

Euro 1.1397. Dollar/yen 114.08. Pound 1.2879. Dollar/yuan 6.8036. Aussie dollar 6.8036. USD 96.07.

US futures are flat. S&P -1. Dow flat. Nasdaq -1. WTIC oil 44.52. Brent oil 46.88. Natural gas 2.93. Gold 1214. Silver 15.65. Copper 2.649.







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Oil Inventories are a huge 8.1 million barrel draw down a far bigger loss of supply than the 3.0 million draw down expected. Oil prices are going to rally. Gasoline Inventories are lower while Distillates are higher. WTIC oil rallies +3.1% to 45.76. Brent oil rallies +2.7% to 48.16.

Sunday, July 9, 2017

MONDAY 7/10/17; G20 Aftermath; Japan Machinery Orders; China Inflation Data; TRAN (Dow Transports) Print All-Time High; CUDA; WDFC

World leaders are busy patting each other on the back at how great a job they did at the G20 Summit. Russia and the United States agree on a 





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At 9 PM EST, the shopping deals begin for the annual Amazon Prime day which continues through tomorrow. 

SUNDAY 7/9/17; G20 Aftermath

The full moon peaks for the month a few minutes after midnight. Earthquake activity may increase over the next few days since the gravitational forces on Earth are at an inflection point. Stocks are typically buoyant moving through the full moon.

Russia says the Trump-Putin meeting eclipsed the entire G20. President Putin is 








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begins the week at 11.19. Volatility spiked higher last week but quickly retreated. The VIX tagged the critical 200-day MA at 12.44 but price was spanked back down. Market bulls win big as long as the VIX remains under 12.44. Bears will create stock market carnage if the VIX moves above 12.44.

Saturday, July 8, 2017

SATURDAY 7/8/17; G20 Summit

SPX 2425. INDU 21414. COMPQ 6153. RUT 1416. NIKK 19929. SPASX200 5704. KOSPI 2380. SSEC 3218. HSI 25341. BSE 31361. DAX 12389. CAC 5145. FTSE 7351. MIB 21015. IBEX 10489. PSI 5154.






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Thursday, July 6, 2017

FRIDAY 7/7/17; G20 Summit; Oil Tumbles -3%; US Monthly Jobs Report; TRAN (Dow Jones Transports; Trannies) Prints New All-Time Record High

Aussie and Asia stocks begin trading lower. NIKK -0.6%. ASX 200 -0.7%. KOSPI -0.5%. US futures are flat. S&P +2. Dow +10. Nasdaq +6.

Japanese salaries rise more than 









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The young people straddled with student debt are avoiding buying houses since they do not want to take on more debt. The housing sector may slow. At the same time, loan companies can repossess vehicles from those unable to pay the monthly bill, however, who will buy this car supply in future months?

Wednesday, July 5, 2017

THURSDAY 7/6/17; President Trump in Poland then Germany for G20; France 30-Year Bond Auction Fails; German 10-Year Bund Yield Runs Above 0.56%; Global Bond Rout (Yields Rising); Challenger Job-Cut Report; ADP Employment Report; International Trade; US PMI Services Index; ISM Non-Mfg Index; Fed Vice Chairman Fischer Speaks

Australia’s ASX 200 futures are up +0.3% but Japan’s Nikkei Index futures are lower. Yum China earnings were reported in the States after the closing bell and in line with estimates but YUMC collapses -7% in late 







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Federal Reserve Vice Chairman Fischer says the US government must take measures with fiscal policy to boost the lackluster productivity growth. Fischer says business investment is needed to spur innovation and employee training and education will also increase productivity. Fischer does not directly comment on monetary policy.

Tuesday, July 4, 2017

WEDNESDAY 7/5/17; North Korea Geopolitical Turmoil; Global PMI Services and Composite Indexes; Factory Orders; Oil Collapses -4%; FOMC Minutes; MLHR; PSMT; YUMC; President Trump Travels to Poland Ahead of G20 Summit

US stocks and bonds resume trading today after the July 4th Independence Day holiday. Light trading volume is expected in the US as traders and investors nurse hangovers from the festivities. Stomachs churn from the unsettled mixture of beer, hotdogs and apple pie.





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President Trump lands in Warsaw, Poland, to begin his European trip. The G20 meetings are Friday and Saturday in Hamburg.

TUESDAY 7/4/17; July 4th Independence Day; US Markets Closed; Nasdaq Data Feed Problems; RBA Rate Decision; North Korea Missile Launch and Turmoil Ahead of G20 Summit

US markets are closed today as Americans celebrate Independence Day which commemorates the adoption of the Declaration of Independence 241 years ago in 1776.






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The state of Illinois approves a $5 billion tax increase ending the budget stalemate. Illinois will likely avert further credit downgrades, for now, staving off the wolf at the door.

Sunday, July 2, 2017

MONDAY 7/3/17; Japan Tankan Survey; Global PMI’s; ISM Mfg Index; US Markets Close Early; RUT (Russell 2000) and TRAN (Dow Transports) Print All-Time Record Highs; Dow Theory Confirmation; Fed Chair Yellen Hospitalized and Released

US stock and bond markets will trade in a shortened session today closing early for the Independence Day holiday. US markets are closed tomorrow and will resume trading on Wednesday.






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The countdown had started and the launch was aborted with only five seconds remaining before liftoff. The rocket is carrying satellites for deployment in space. CEO Elon Musk says the rocket will launch Wednesday or Thursday.

SUNDAY 7/2/17

Arab states such as Saudi Arabia have imposed an embargo on Qatar and the situation becomes more 




[Purchase the 2017-07 chronology to enjoy July's economic and market real-time history including new all-time record stock market highs and Dow 22K.]





Japan 10-year yield 0.08%. UK gilt 1.26%. France 10-year yield 0.82%.

June Publication of the Daily Chronology of Global Markets and World Economics 2017-06 Available from Amazon; Record Highs in SPX, INDU, COMPQ, NDX, RUT, NYA, NIKK, KOSPI, HSI, BSE, DAX, FTSE and Bitcoin; Flash Crashes in AMZN, C, VIX, Gold, Silver, Bitcoin and Ethereum; GOOGL & AMZN Above 1,000; Italian Bank Bailout; Bank Stress Tests; Yellen Says Stock Valuations High; London Tower Burns; PM May Hangs On in UK Election; Terrorism in UK; Brexit; Petya Virus; EOM; EOQ2; EOH1

The June Publication of the Daily Chronology of Global Markets and WorldEconomics 2017-06 is available through AmazonThe historic market action continues with more all-time and multi-year record stock market highs printing in the major indexes around the world. Flash crashes occur in Amazon, Citigroup, VIX (volatility), gold, silver, bitcoin and ethereum.

June Cover Highlights;
RECORD HIGHS; SPX, INDU, COMPQ, NDX, RUT, NYA, NIKK, KOSPI, HSI, BSE, DAX, FTSE, BITCOIN
FLASH CRASHES; AMZN, C, VIX, GOLD, SILVER, BITCOIN & ETHEREUM
GOOGL & AMZN ABOVE 1,000
ITALIAN BANK BAILOUT
BANK STRESS TESTS
YELLEN SAYS STOCK VALUATIONS HIGH
LONDON TOWER BURNS
PM MAY HANGS ON IN UK ELECTION
TERRORISM IN UK
BREXIT
PETYA VIRUS
EOM; EOQ2; EOH1

The June chronology highlights the drama around the new record stock market highs and corresponding euphoric behavior. All Hail the Power and Glory of global central bankers! The record stock market highs create daily joy for the one-half of the United States that own stocks while the other half of the United States, the lower middle class, poor and disadvantaged, watch the rich get richer while they become poorer. The central bankers have created a sick society.

The huddled masses continue struggling through eight years of high unemployment and debt. The gap between rich and poor in America is the widest in five decades. The United States is experiencing a Gilded Age (created by the Federal Reserve and other global central bankers); a society of the have’s and the have not’s.

The chronology explains the price moves in global stock, bond and currency markets after key geopolitical events, central bank monetary policies and economic data releases. If you are trying to make sense of the markets this is the resource for you. No other publication exists where the stock, bond and currency moves are detailed and explained as world events and economic news take place in real-time.

You can re-live the real-time price moves and excitement in markets for any past events including the May 2015 stock market top (2015-02 through 2015-10), Brexit (2016-06 and 2016-07), the US election (2016-10 and 2016-11), the drama behind the French election (2017-04 and 2017-05), economic data releases, monthly jobs reports, Fed meetings and much more. The wild overnight crash in the S&P futures, and quick recovery, after President Trump’s election last November is explained in the 2016-11 publication.

As always, all monthly publications of the Daily Chronology of Global Markets and World Economics are available from the links in the margins of the K E Stone blog sites or simply searching on Amazon or Google. The monthly publications contain updated information not posted on the Keystone the Scribe web site as well as clarifications, edits and refinements to the ongoing daily blog text.

The July 2017-07 chronology is tentatively set for publishing by Amazon on Saturday, 8/5/17.


Information is provided on the KE Stone websites (Keystone the Scribe, The Keystone Speculator and Keybot the Quant) in proportion to the support received from advertising revenue, donations and book sales. As support increases, more valuable market information, commentary, stock charts and technical analysis is provided. If support is flat or decreases, the information is not posted. The sites do not receive advertising credit unless you disable any ad-blocking software in use. Proceeds aid charities.

Saturday, July 1, 2017

SATURDAY 7/1/17; Hong Kong 20-Year Handover Anniversary; Canada 150; Illinois in Financial Collapse

Today is the first day of July and trading for the new month, third quarter (Q3) and the second half of the year (H2) begins on Monday, 7/3/17. Today, 7117, is a palindrome.

Hong Kong celebrates the 20-year anniversary of the 



[Purchase the 2017-07 chronology to enjoy July's economic and market real-time history including new all-time record stock market highs and Dow 22K.]