Written by Gary
US major indexes and sea-sawing its way to the green side of the unchanged line mostly up 1.0 % (SPY +0.7%). May 2020 Headline Existing Home Sales Declined Again For Third Month.
Here is the current market situation from CNN Money | |
 | North and South American markets are mixed. The S&P 500 is higher by 0.47%, while the Bovespa is leading the IPC lower. They are down 0.45% and 0.40% respectively. |
What Is Moving the Markets
| Here are the headlines moving the markets. | |
| Tesla’s Model Y Is Getting Horrific Quality ReviewsTesla’s Model Y Is Getting Horrific Quality Reviews Tyler Durden Mon, 06/22/2020 – 12:35 Recall just a couple days ago we wrote that Tesla was having issues with ramping up production of its Model Y. And it looks like whatever the company is doing to try and rush vehicles out the door is being reflected in the poor quality of the vehicles when they reach their owners. We say this because the only hype Tesla’s Model Y seems to be getting is a litany of complaints about its quality online. And it isn’t just social media reports, names like Forbes and Electrek have also weighed in with articles critical of Tesla’s newest Model. Complaints include issues with paint, trim issues, indentations on the seats and even loose seatbelts. Even Kelly Blue Book was forced to make note of the awful quality of the vehicle it tested on its YouTube channel: œAs for quality issues. Our car’s b-pillar trim doesn’t fit right and neither does this lower bumper trim, the rear door alignment is slightly off, the rear seats are similarly uneven, and there’s a loud rattle c … |
| How Hard Is It To Get Evicted In Your State?How Hard Is It To Get Evicted In Your State? Tyler Durden Mon, 06/22/2020 – 12:15 Authored by Mike Shedlock via MishTalk, Eviction protection rules vary widely, state by state, thanks to Covid-19. |
| German Communist Party Unveils Statue Of “Freedom Fighter” Vladimir LeninGerman Communist Party Unveils Statue Of “Freedom Fighter” Vladimir Lenin Tyler Durden Mon, 06/22/2020 – 12:01 Earlier today, Twitter’s @MrsMelChen, an editor at Spectator USA, shared a passage written by Chairman Mao that caught our eye. While left-wing groups use the backlash against Confederate Statues to remove statutes of other far less controversial figures in the name of “purifying” American history and cleansing the stain of racism (or, at least, what the progressive left identifies as “racist”, which tends to include anything contrary to their fanatical devotion to “equality”, conservative writers are likening the hysterical fervor to another far more dangerous period in modern history: The Cultural Revolution, the BBC reports.
As progressive Europeans take up the cause, a far-left par … |
| Luongo: The US Is In Civil War (And Why Berman’s Firing Matters)Luongo: The US Is In Civil War (And Why Berman’s Firing Matters) Tyler Durden Mon, 06/22/2020 – 11:35 Authored by Tom Luongo via Gold, Goats, ‘n Guns blog, The U.S. is in a Civil War. It began four years ago after Donald Trump’s election and has finally boiled over into open warfare here in 2020. |
| Mumbai’s high-rise homes are also not immune to coronavirusMumbai’s high-rise homes are also not immune to coronavirusResidential prices in Mumbai, India’s most expensive property market, have started cracking amid Covid crisis. |
| Escalation isn’t India’s only Galwan worryEscalation isn’t India’s only Galwan worryEarlier, Fitch changed its outlook on India’s sovereign credit rating to negative from stable. |
| Broadband services may get a lot cheaperBroadband services may get a lot cheaperIndia is considering a proposal to reduce the license fee for fixed-line broadband services to households. |
| May 2020 Headline Existing Home Sales Declined Again For Third Month
The headline existing home sales declined relative to last month with the NAR stating “Home sales will surely rise in the upcoming months with the economy reopening, and could even surpass one-year-ago figures in the second half of the year.”. |
| Key Words: Sarah Sanders says Mick Mulvaney once called John Bolton a ‘self-righteous, self-centered son of a b—-‘ÂThe former White House press secretary rips Bolton in her upcoming memoir. Bolton’s own tell-all hits Tuesday. |
| Trump Today: Trump claims foreign countries will rig election by printing millions of mail-in ballotsPresident Donald Trump on Monday newly attacked mail-in voting, claiming that unnamed foreign countries would print œmillions of ballots. |
| Virgin Galactic stock rallies after company strikes NASA space-tourism dealVirgin Galactic to train future space tourists in deal with NASA. |
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