May Publication of the Daily Chronology of Global Market and World Economics Available from Amazon

The May publication of the Daily Chronology of Global Markets and World Economics 2015-05 is available through Amazon (AMZN). Stock markets print new all-time record highs in May. The German 10-year bund yield is moving higher. The choppy sideways action in the stock market continues. The Greece drama continues. Semiconductors rally strongly and the M&A orgy across many sectors intensifies. The chronology explains the price action after the jobs reports and other key announcements and economic data.

Global central bankers continue pumping stocks higher especially the ECB and PBOC. The dovish Fed continues to pump stocks higher with the first rate hike pushed farther into the future September or later. 

Yemen is in chaos another nation crumbling from Islamist terrorism activity. The Holy War waged by ISIS Islamist radicals against Christians and Jews continues. Social unrest and wars continue around the world. Ukraine fighting is ongoing despite the ceasefire. G7 leaders plan to maintain pressure on Russian President Putin. ISIS Islamist radicals are performing genocide against Christians and Jews while the world looks on. 

The chronology records economic history in real time preventing revisionist tampering in future years. Many of the same asset managers telling everyone to go long the market in 2008 are repeating the same mantra these days. Their quotes and words are recorded. Perhaps they are correct with their market cheer leading; perhaps they are not.  If a multi-year top prints during the weeks ahead, the chronology serves as the most accurate accounting of the market topping process. Aunt Edna took her life savings and invested in utility stocks because the nice gentlemen on television said to but now she is eating franks and beans as the utes collapse. The chronology is the most reliable and easy to understand source explaining global markets.

As always, all monthly publications are available from the links in the left margin. The monthly publication contains updated information not posted on the web site as well as clarifications and refinements to the chronology.

We are living through historic stock market and economic times. The daily chronology is the most accurate accounting on how a potential epic stock market top forms in real-time. The detailed chronology prevents the writing of revisionist history in the future.The monthly publications are compatible with most electronic devices and include an extensive Business Acronym List and Ticker Symbol List. The Acronym List is the most comprehensive business-related list available on the internet. The chronology is not available in hard copy and only distributed around the world electronically.

SUNDAY 6/7/15; Middle East War Escalates; G7 Meeting Begins; Turkey Elections

Yemen is in chaos with different warlords fighting for regional territory. The Houthi Islamist radicals, supported by Iranian money, fire a scud missile into southwestern Saudi Arabia that is shot down by Patriot missiles. The Houthi’s claim that three scud missiles were fired. The exchange of missiles by two Middle East countries is a dramatic escalation in the ongoing wars and fuels further Sunni versus Shiite hatred and violence.

The G7 Summit begins at 

















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election results in Turkey show that President Erdogan’s AK Party is coming up short with the votes needed to create more power and control. The Kurdish vote opposing Erdogan  is strong. Turmoil in Turkey may increase since Erdogan did not receive the outcome desired.

SATURDAY 6/6/15; Syria in Chaos; G7 Protests; Turkey Election Violence; American Pharoah Wins Triple Crown

SPX 2093. INDU 17849. COMPQ 5068. RUT 1261. DAX 11197. CAC 4921. FTSE 6805. MIB 22847. IBEX 11062. NIKK 20461. SPASX200 5498. KOSPI 2068. SSEC 5023. HSI 27260. BSE 26768.

Euro 1.1111. Dollar/yen 125.61. Pound 1.527. WTIC oil 58.88. Brent oil 63.31. Natural Gas 2.593. Gold 1172. Silver 16.095. Copper 2.702.

US Treasury yields are; 2-year 0.72%, 5-year 1.74%, 10-year 2.41%, 30-year 3.115%. The 10-year yields are; Greece 11.22%, Portugal 2.95%, Italy 2.24%, Spain 2.22%, UK 2.08%, Germany 0.851%, Japan 0.512%. 

1000 schools are closed in Korea due to the MERS outbreak. 
















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The Belmont Stakes horse race, the third leg of the Triple Crown, is on tap today with  millions of people around the world tuning in to see if American Pharoah (pharaoh is purposely misspelled) wins the day. American Pharoah won the Kentucky Derby and Preakness and is in position to become the first horse to win the Triple Crown since Affirmed in 1978. The Belmont race is longer which is difficult for a horse to run after the prior two races and American Pharoah will be competing against fresh horses. Rain is falling through the night and early morning and may benefit American Pharoah that runs well on a wet track. By race time the sun is shining and track is dry. The horses line up in the starting gate and they are off. American Pharoah leads and never looks back wining the Belmont and becoming the first horse to win the Triple Crown in 37 years. Sponsors such as Monster Beverage are throwing money at the horse. MNST should receive a bounce in Monday trading.

FRIDAY 6/5/15; SSEC Hits 5000; Greece Defers Debt Payment and Stocks Collapse; OPEC Decision; Monthly Jobs Report; US Bond Yields Rise; Banking Indexes Print Record Highs

Asia indexes trade generally lower awaiting the OPEC decision and Monthly Jobs Report in the States. The NIKK finishes down marginally continuing a three-day losing streak to 20461. For the week, the Nikkei Index is down -0.5%. Dollar/yen 124.40. Japanese exporters such as SNE and TM trade lower as well as banks. The SPASX 200 and KOSPI indexes are down marginally. The SPASX200 drops -5% this week  the worst 













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Greece stocks, ATG, are down -5% this week after the trouble nation lumps its four debt payments in June into one bulk payment to be paid on 6/30/15. AAPL loses -1.3% this week. PBYI loses -30% this week after reporting disappointing results with its breast cancer drug at the ASCO biotech and pharma conference. Gambling stocks outperform to the upside this week with WYNN winning +8.4% and LVS gaining +8.2%.

After the closing bell, TWTR drops -0.4% on news of a share offering.

THURSDAY 6/4/15; Global Bond Yields Running Higher; German Bund Tags 0.99%; Greece Delays Debt Payment; OPEC; BOE Rate Decision; JOY; SJM; Productivity and Costs; DMND; PAY; ZUMZ

Asian traders awaken and prepare for the Thursday trade. Euro 1.1261. Dollar/yen 124.34. Pound 1.5323. Aussie dollar 0.7770. USD 95.37. US futures are a hair negative. S&P -1. Dow -4. Nasdaq -2.

WTIC oil 59.66. Brent oil 63.80. Natty 2.64. Gold 1185. Silver 16.45. Copper 2.7280.

US Treasury yields are; 2-year 0.67%, 5-year 1.69%, 10-year 2.36%, 30-year 3.10%. The yield curve steepens with the 2-10 spread at 169 bips. German bund 0.893% moving towards a 0.9% handle. Japan 10-year yield 0.496%.

Today is the anniversary of the Tiananmen Square (Beijing, China) massacre on 6/4/89 and the communist leaders are muzzling the news stories as they do 












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Zumiez is in line with EPS but misses on the top line sales and guides lower.

A massive security breach occurs on government computers with over four million employees information compromised. Chinese hackers are suspected in the cyber attack. The computer security problems in the United States are becoming more frequent and worrisome. 

WEDNESDAY 6/3/15; ECB Rate Decision and Press Conference; OPEC Meeting; PMI Services; VRA; ADP Employment Report; Global Bond Yields Running Higher; German Bund Above 0.8%; Beige Book; FIVE

At 7:11 PM EST Tuesday evening in the States (8:11 AM Tokyo Wednesday morning local time), as Asian markets are set to begin trading, US futures are a touch higher. S&P +1. Dow +7. Nasdaq +2. Euro 1.1151. Euro/yen 124.06. Pound 1.5340. Aussie dollar 0.7767.

WTIC oil 60.90. Brent oil 65.49. Natural gas 2.70. Gold 1193. Silver 16.77. Copper 2.7385.

US Treasury yields are; 2-year 0.65%, 5-year 1.61%, 10-year 2.26%, 30-year 3.01%. The 2-10 spread is 161 bips.

Australian GDP is +0.9% besting the +0.7% expectations indicating stronger economic growth. Aussie Q1 growth is up +2.3%. The SPASX200 drops -0.9% since central 











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Fed’s Bullard, that leans hawkish, says a June rate hike announcement is unlikely. Bullard says the Fed remains data dependent and he would like to hike rates when economic data is strong not weak. Overall, Bullard is in favor of a rate hike occurring sooner than the dovish members at the Federal Reserve.

TUESDAY 6/2/15; RBA and RBI Rate Decisions; Dollar/Yen Hits 125; MDT; DG; Factory Orders

Asian indexes are set for a weaker open. US futures trade positively Monday evening in the States. S&P +3. Dow +22. Nasdaq +6. Euro 1.0931. The dollar/yen is 124.80 continuing to tease towards 125. Pound 1.5204. Aussie dollar 0.7625.

WTIC oil 60.10. Brent oil 64.72. Natural gas 2.65. Gold 1188. Silver 16.68. Copper 2.7195.

US Treasury yields are; 2-year 0.64%, 5-year 1.55%, 10-year 2.18%, 30-year 2.94%. The 2-10 spread is 154 bips.

A Chinese cruise ship capsizes












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 and guidance. G-III Apparel provides apparel for Calvin Klein and other famous brands. Ambarella, the chip maker for GPRO and other camera and drone companies, beats on earnings and guides higher. AMBA gains +1%.