Archive for July, 2019

• Morning News: July 2, 2019
  Eddy Elfenbein, July 2nd, 2019 at 7:04 am

  USTR Proposes $4 Billion in Potential Additional Tariffs Over EU Aircraft Subsidies

  Li Keqiang, Chinese Premier, Makes a Modest Peace Offering on Trade

  Trump Talk of Easing Huawei Ban Lifts Suppliers’ Shares Despite Doubts

  OPEC Extends Oil Cut to Prop Up Prices as Economy Weakens

  To Evade Sanctions on Iran, Ships Vanish in Plain Sight

  Saudi Aramco to Restart Preparations for Mega IPO

  Roubini Lives Up to ‘Dr. Doom’ Alias With Global Recession Call

  Rich Get Richer, Everyone Else Not So Much in Record U.S. Expansion

  Japan Resumes Commercial Whaling. But Is There an Appetite for It?

  Chobani Turns to Fair-Trade Program to Help Struggling Dairy Industry

  Nike Pulls ‘Betsy Ross Flag’ Shoes at Kaepernick’s Urging

  Empty Desks and Early Beers: Life at Deutsche Bank in New York

  Cullen Roche: The Longest Recovery Ever – Does it Matter?

  Joshua Brown: Fama vs. Shiller: Are Markets Efficient or Not?

  Jeff Carter: Tipping Points

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• Another All-Time High for the S&P 500
  Eddy Elfenbein, July 1st, 2019 at 5:53 pm

  The Dow had its best June in 81 years, and the S&P 500 had its best June in decades. The market had its best first half in over 20 years.

  Everything seems to be going right for stocks. The market was up again today. Our Buy List is now up over 20% for the year.

  This morning, the ISM report came in a bit weak. It was just 51.7. This was the lowest ISM since October 2016. I should add that the economy has had a period of doing just fine with low ISMs.

  With the July 4 holiday, trading will be shortened this week. The exchanges close early on Wednesday and they’re closed all day on Thursday. After that, we’ll get the big June jobs report on Friday.

  The market opened much higher this morning, but we slowly lost ground all day. It was still a good day but most of the hard work happened before the bell. We had news highs today from AFLAC, Cerner, Danaher, Fiserv and Stryker. Torchmark came within a penny of a new high.

• Morning News: July 1, 2019
  Eddy Elfenbein, July 1st, 2019 at 7:32 am

  E.U. Signs Trade Deal With Vietnam

  Swiss Stocks Trade Smoothly on Day One Without EU Recognition

  Russians Do Without as Government Squirrels Away $100 Billion

  Trump Restarts China Trade Talks, but the Two Sides Remain Far Apart.

  What Trump’s Huawei Reversal Means for the Future of 5G

  What Just Happened Also Occurred Before The Last 7 U.S. Recessions. Reason To Worry?

  As U.S. Expansion Notches Record, Recovery May Have Only Just Begun

  Factories Faltered in June, Trade Truce Fails to Brighten Outlook

  Traders Seen Sticking to Fed Rate-Cut Bets as Tariffs Remain

  Iran Warns ‘Unilateralism’ Between Saudi Arabia and Russia Could Lead to the Death of OPEC

  U.S. Oil Companies Find Energy Independence Isn’t So Profitable

  Deutsche Bank Plans to Cut as Many as 20,000 Jobs in Revamp

  Jeff Miller: Chinese Fireworks?

  Howard Lindzon: Catching Up On Bitcoin

  Roger Nusbaum: That’s What I’m Talking About

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