by Pebblewriter, Pebblewriter.com
I'm still on the road today, so it seems like the perfect time to review the big picture for SPX. It's been over two months since we posted The Last Big Butterfly that reminded members of the last remaining large-scale harmonic pattern on the charts - also the biggest impediment to a continued rally.
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.
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by Nafis Alam, The Conversation
More turbulence on the Chinese stock market highlights just some of the challenges facing the world's second-largest economy. Following losses of US$3 trillion in the three weeks from mid-June, the Shanghai Composite has since recorded its biggest one-day fall for more than eight years. It's clear that regulatory reform is needed in the country's financial sector and China's large shadow banking sector is one area in particular need of government intervention.
Infographic Of The Day: Happiness Index
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FOREX NEWS by DailyForex
The U.S. Dollar continued to gain positive momentum in the wake of the Federal Reserve’s latest policy decision.
The U.S. economy continues to improve with decreasing unemployment and improvement in the housing sector.
Markets have a way of switching gears almost overnight and that is what seems to be happening in Asia.
The US Dollar edged higher against the Japanese Yen as investors dismiss the recent rout in Chinese equities and as speculation grows that the U.S. could soon see a rise in interest rates.
The big question hanging in the air this week is whether or not the Fed will officially schedule a date for the interest rate increase which it has been predicting for the last few months.
by Charles Hugh Smith, Of Two Minds
Devaluation has a negative consequence few mention: the cost of imports skyrockets.
When stagnation grabs exporting nations by the throat, the universal solution offered is devalue your currency to boost exports. As a currency loses purchasing power relative to the currencies of trading partners, exported goods and services become cheaper to those buying the products with competing currencies.
U.S. major indices move lower on Friday, but close up for the month
by Investing.com Staff, Investing.com
The Dow lost 55.52 or 0.31% to close at 17,690.46, while the NASDAQ inched down 0.51 or 0.01% to 5,128.28. The Dow closed the month up by less than 0.5%.
The S&P 500 dropped 4.71 or 0.22% to 2,103.92, as energy stocks plunged by more than 2.5% on the session. Stocks in the Technology, Financials and Basic Materials industries also lagged as six of 10 sectors closed in the red. For the month, the index gained more than 1.78%.
31Jul2015 Market Update: Markets Recover From Morning Doldrums, WTI Oil Falls Into Major Support, In
31Jul2015 Pre-Market Commentary: U.S. ECI Worst Since 1982, U.S. Dollar Drops, Oil Gains Fractionall
Written by Steven Hansen
This leading index continues to be recalculated (what good is a leading index which continues to be recalculated?) - and continues to forecast stable but relatively week growth for the remainder of the year. A review of all major leading indicators follows - and no leading index is particularily strong.