Tuesday, December 23, 2014

WEDNESDAY 12/24/14; Christmas Eve; SPX, INDU and UTIL New All-Time Highs

The NIKK is playing catch up after yesterday’s holiday moving strongly higher +1.3%. The dollar/yen drops to 120.45 but the Nikkei Index is up since it is pricing in two days of rallies in the States. The SSEC is down -1% but the other indexes such as HSI, SPASX200 and KOSPI begin the day trading marginally higher.

The NIKK finishes up +1.2% with the dollar/yen at 120.41 remaining flat overnight. Japan PM Abe is reappointed in 








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 targeting soldiers and citizens. Israel retaliates with an airstrike on Gaza targeting Palestinian radicals and pledges to respond to any threat. The Israel-Gaza conflict is heating up.

President Obama is living it up on a 2-1/2 week Hawaiian vacation golfing and having fun without a care in the world. The president is not expected to return to Washington, DC, until after the New Year.

Christmas Eve turns ugly as protests become violent in Berkely, Missouri, location of the latest police shooting. The mayor attempts to diffuse the situation but police are using pepper spray and riot gear against the crowds. Social unrest continues in the major cities across America.

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