Weekly Wrap-Up 24 June 2016


Written by Investing Daily, Investing Daily

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 3.39%

U.S. stocks were lower after the close on Friday, as losses in the Financials, Basic Materials and Technology sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 3.39% to hit a new 3-months low, while the S&P 500 index declined 3.60%, and the NASDAQ Composite index declined 4.12%.

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What We Read Today 24 June 2016

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.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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 more features, analysis, studies, and news published in the last week

UK: A Divided Nation

by Felix Richter,

-- this post authored by Martin Armstrong

And so the people spoke.

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Infographic Of The Day: From Brewery To Bottle

Ever wondered how craft brew is made?

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Video of the Day:

New Shepard flew again on June 19, 2016, reaching an apogee of 331,504 feet (101.042 kilometers). It was the fourth flight with this booster and the sixth flight of this capsule. This time, we intentionally did not deploy one of three parachutes on the capsule and proved we could softly land with only two of them open. We’ve designed the capsule to have one or two levels of redundancy in every system needed for crew safety, including the separation systems, parachutes, reaction controls.

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24Jun2016 Market Close: Markets Crash After Brexit, DOW Down 611 Points, Crude Looking To Fall Further And The Financials Put The Spooz In The Minus Territory

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Low Rates May Be Here To Stay - And Here's Why

by Gene D. Balas

After the conclusion of the recent meeting of the Federal Open Market Committee (FOMC), Fed Chair Janet Yellen outlined the fact that interest rates may be lower in the future than in the past. As such, the Fed would likely move at a gradual pace, and reach a lower equilibrium level than in recent decades. For many investors accustomed to higher rates, such as in the 1980s (and that includes me, too), this requires a shift in expectations.

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 USA economy at a glance (boxed items are updates in last 7 days)

17 June 2016: ECRI's WLI Growth Index Unchanged

ECRI's WLI Growth Index which forecasts economic growth six months forward was unchanged and remains in positive territory for the thirteenth week - after spending the previous 34 consecutive weeks in negative territory.

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