Key sectors not encouraging...
Bank index (BKX)________________________________________
Broker-Dealers (BKX)_________________________________________________
Housing Index (HGX)_______________________________________________
Insurance Index (IUX)_____________________________________________________________
Year to date scoreboard:
Crude oil +47%
China H-shares +42%
Gold +5.7%
S&P 500 (with dividends) +0.6%
DXY (dollar index) -1.0%
30-year treasury rate +1.65%
10-year treasury rate +1.29%
US unemployment rate (through June) +2.3% to 9.5%
US savings rate (through June) +2.9% to 6.9%
With employment suffering and consumers retrenching, can anyone think that central planners will be raising rates soon, or that the dollar has an intrinsic reason for gathering strength?
With employment suffering and consumers retrenching, can anyone think that central planners will be raising rates soon, or that the dollar has an intrinsic reason for gathering strength?
Good trading and great risk management to all.
Educational use only. Never intended as investment advice.
Posts
1 comments:
Do you want to know what Wall Street does not tell you? If so, join Phil Grande and his gang weekdays 3-4 PM EST on chataboutit.com and find out all the latest secrets from Wall Street. Phil has been an entrepreneur all his life and has been calling the shots in the market and enlightening his listeners for years. Tune in, call in, and enjoy hearing how to be one step ahead!
Weekdays @ 3-4 PM EST
Call 877-Chat-212
Post a Comment