Written by Gary
US main benchmark indexes are mixed but mostly trading in the green (SPY +0.2%). Nasdaq is down -0.1% after upbeat economic report.
Here is the current market situation from CNN Money | |
 | North and South American markets are mixed today. The IPC is up 0.71% while the S&P 500 gains 0.16%. The Bovespa is off 0.43%. |
Traders Corner – Health of the Market
Looking at the last three columns (below), the first one (Actual), is what was reported this morning. The second column (Forecast) is what analysts had forecast and the third column is the previous report. Full calendar HERE.
Jim Chanos’ best idea in the market right now is a bet against two small health care stocks
Trump: ‘No,’ Russia is not targeting the United States
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This unusual move in the bond market appears to be signaling interest rates are about to break out
The one chart that explains Netflix’s stunning comeback
What Is Moving the Markets
| Here are the headlines moving the markets. | |
| Amazon.com’s stock market value hits $900 billion, threatens AppleAmazon.com’s stock market value reached $900 billion on Wednesday for the first time, marking a major milestone in its 21-year trajectory as a publicly listed company and threatening to dislodge Apple as Wall Street’s most valuable jewel. |
| S&P hovers at five-month highs, Amazon hits $900 billion market capThe benchmark S&P 500 remained at five-month highs on Wednesday as a rise in financial and industrial stocks due to strong earnings from marquee companies were offset by a drop in technology stocks. |
| Novartis hints at 2018 outlook hike despite drug price freezeNovartis may ratchet up its 2018 sales outlook, its finance chief said on Wednesday, despite halting planned U.S. drug price hikes amid pressure on the industry from President Donald Trump’s administration over the high cost of medicines. |
| Berkshire shares climb after Buffett is empowered to buy back more stockBerkshire Hathaway Inc shares rose on Wednesday after its board gave its billionaire chairman, Warren Buffett, more freedom to conduct stock buybacks, which the conglomerate has not done since 2012. |
| Boeing in talks with Airbus, others for German helicopter bidBoeing Co is in talks with Airbus and other companies about joining its bid for a 4 billion euro ($4.7 billion) heavy-lift helicopter contract in Germany, the head of business development for Boeing’s defence unit said on Wednesday. |
| Ryanair says biggest-ever strike to ground 600 flights next weekRyanair is to cancel more than 12 percent of its flights for two days next week in its biggest-ever strike as cabin crew escalate a staff revolt that began among disaffected pilots last year. |
| Trump says U.S. may pursue separate trade deal with MexicoPresident Donald Trump said on Wednesday the United States may hammer out a separate trade deal with Mexico, continuing to sow doubts about the future of the North American Free Trade Agreement that he has frequently criticized, and then do a deal with Canada later. |
| Google, hit with record $5 billion EU antitrust fine, to appealEU antitrust regulators hit Google with a record 4.34 billion euro ($5 billion) fine on Wednesday and ordered it to stop using its Android mobile operating system to block rivals, a ruling which the U.S. tech company said it would appeal. |
| Two become one? Planemakers work on tech to cut pilot numbersAirplane manufacturers are working to adapt jets to reduce the number of pilots needed for long-haul flights and to build new cockpits designed for a single aviator in order to ease a global pilot shortage and cut airline costs. |
| Trump Holds Cabinet Meeting Amid Putin Summit Fallout, Says “Russia No Longer Targeting US”Moments ago, Trump held another meeting with members of his cabinet, amid the fallout of the Putin summit. A live feed is available below:
Unlike yesterday’s “damage control” press conference, today Trump was focusing on the economy, saying he will focus on workforce training and will make a “big announcement” on job training tomorrow; he added that he wants Americans to have a choice and find jobs they really love, so they’ll “love getting up in the morning and going to work.”
Hinting at an end to NAFTA, Trump told his cabinet the US is having “really good discussions” with Mexico and is “getting closer” in trade negotiations, and may do a separate trade agreement with Mexico. He also said the US could do a separate agreement wi … |
| Fed: “When The Yield Curve Creates Doubt, Throw It Out”Authored by Alt-Market’s Brandon Smith, originally published at Birch Gold Group, A few weeks ago we reported the Fed was getting hawkish despite what they were calling “low inflation.” In that article, we showed rates possibly being raised more than 4 times in 2019. But more importantly, we warned that anyone investing in the market should start preparing to expect the unexpected. And right now, it looks like the Fed’s bizarre moves are continuing. This time it involves the yield curve. The yield curve represents the difference in interest rate paid on short-term Treasury notes and long-term Treasury notes in the bond market.
A common signal of economic health from the bond market involves looking at the difference between the 2-year and 10-year rates (also called the “spread”). … |
| Facebook’s Instagram Has Up To 95 Million BotsUp to 95 million Instagram users may be bots, according to a new study conducted by research firm Ghost Data for The Information.
Ghost Data reached their conclusion after buying 20,000 bots to analyze their behavior. The firm then matched said behavior with around 1 million accounts, and found that they were very active among the followers of popular Instagram accounts. When they did post content, they were usually photos of models that were found on other websites. And the bots are evolving…
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| “Guns, Sex, Spycraft” – Court Filing Unveils Shocking New Details In Russian Spy CaseAnother interesting twist in the investigation of Maria Butina, the alleged Russian spy who tried to infiltrate the NRA and tried to arrange meetings between then-candidate Trump and Russian President Putin, has just been revealed in a new filing by the DOJ in its case against Butina, who is presently sitting in federal custody as she battles to be freed on bail. According to a new court filing, investigators found a handwritten note in her apartment that included details about a job offer from the FSB, and allegations that she was in contact with senior Russian intelligence officials. HANDWRITTEN NOTES UNCOVERED BY FBI IN BUTINA’S APARTMENT ASKED ‘HOW TO RESPOND TO FSB OFFER OF EMPLOYMENT?’ Because, apparently unlike every other spy agency in the world, the GRU is the only one known to recruit idiots and to advise its agent to specifically leave incriminating evidence in handwritten notes behind so it can be conveniently discovered by, well, anyone. |
| Big Tech’s Growth Comes With a Big BillTech giants like Amazon, Apple and Google are delivering above-average growth, but the cost of staying competitive is rising more. |
| June 2018 Residential Building Headlines BadWritten by Steven Hansen The headline residential building permits slowed and construction completions slowed relative to last month. But we keep our eyes on the rolling averages which told us this was a weaker report than last month. The data this month was well under forecasts.
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| Europe Markets: European stocks close at highest level in more than a monthThe pan-European equity index finish at the highest level in more than a month Wednesday, extending gains in the region to a second session amid a weakening euro and a round of well-received corporate results that fostered buying appetite. |
| Earnings Outlook: IBM earnings: Security is growing fast, but is it enough money to matter?In the continuing story of International Business Machines Corp.’s attempt to transform itself for the new age, one large focus will be how the tech company is taking advantage of a heightened security climate. |
Maria Butina
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