Be careful what you wish for.
The Dow Jones Industrial Average
DJIA, + 0.23%
based on the Fed's return to its loose monetary policy, is in the best June since 1938.
Read: The Dow could be 30,000 Meet faster than you think
and the S & P 500
SPX, + 0.07%
surged 7.7% to Friday's high, making the market's breadth the sixth-best June of all time.
What could go wrong? ?
The OddStats Twitter
TWTR, + 0.43%
account, in our statistics of the day refers to the action of the S & P and asks the question : "Want Do you really want to join this list?
The following happened in the other five cases where June was so strong:
This time it's different? Now, in the long-established tradition of selecting timelines according to their own narrative, a follow-up tweet follows:
As we shall see, profits will remain stable for the time being.
DJIA, + 0.23%
S & P
SPX, + 0.07%
COMP, + 0.01%
all have a largely flat start to the trading week. The dollar
fall and yield the 10-year US bond
are just over 2%. gold
GCQ19, + 0.76%
is mostly flat. European Equities
have trouble finding a direction, and Asians
ADOW, + 0.17%
equities closed with some green when cautious optimistic optimism for a thaw came up in the US China trade talks.
In cryptocurrencies Bitcoin
broke through $ 11,000, reaching its highest level since March 2018.
Legend has it invested in a recent interview at the Economic Club of New York Stanley Druckenmiller said, "The best economic predictor I've ever met is the inside of the stock market." By that he meant cyclical companies in the marketplace – "trucks, retail, things like that, the Russell 2000
. "He found that the interior of THIS market prompts us to be careful.
Jesse Felder of the Felder report agrees, and he made this visual representation of what Druckermiller was talking about to support his point of view:
his most recent blog post, citing Druckmiller.
The Fed will lower interest rates. We know that. But will it cut rates twice this year? How about three times? James Bianco from Bianco Research says four – FOUR! – cuts alone this year. And he believes that the stock market will eat it up. "Trust the market. She wants many interest rate cuts. That's been said for months, "Bianco told CNBC. "They say," Look, you have room for lower prices. Lower the cost of capital and possibly give more impetus without fear of inflation. So, do it.
Watch the full interview:
Merger Monday: Stocks from Caesars Entertainment
CZR, + 14.81%
climb the news of a takeover by Eldorado Resorts
in a deal that estimates the competing casino operator at $ 8.6 billion.
It seems as if the TV version of Fox News host Sean Hannity is absolutely impossible real person, but a look at his snug text conversations with Paul Manafort shows that he is the same guy in real life.
"Toy Story 4" opened in the US and Canada at $ 118 million to run the box office this weekend, but it was a disappointment.
NKE, + 0.03%
later this week give an insight into the impact of tariffs on the bottom line – analysts say Nike is doing well. Nevertheless, the US-China trade war has been a concern for retailers.
"Neither Iran nor any other hostile actor should consider the US's caution and discretion wrong. No one has granted them a hunting license in the Middle East. "- US Security Advisor John Bolton, as cited by CNN.
A journalist tells his story of his encounter with the border patrol and the "terrible power" they all would like to practice.
The long, cruel history of the anti-abortion crusade.
The melting ice of the Arctic brings some bad things to light.
The star quarterback Cam Newton was ready to pay a lot of money to switch places with a guy flying to France, but he was rejected.
How an asteroid could destroy the earth before impact.
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