Thanks to 'beats' by MCD, CAT, and UTX, The Dow is soaring in the pre-market - up over 110 points, back near record highs.
Despite GOOGL hovering near post-earnings lows (-2.8%), Nasdaq Futs are levitating along with S&P Futs...
as VIX is clubbed like a baby seal to 9.12...
As is customary for the heavy-industrial equipment manufacturer, Caterpillar yesterday reported its retail sales, one day ahead of earnings, and as we discussed, the number was solid with Caterpillar reporting the longest positive streak in retail sales going back 51 months.
Gold Seasonal Sweet Spot – August and September – Coming
- Gold seasonal sweet spot - August and September - is coming- Gold's performance by month from 1979 to 2016 - must see table- August sees average return of 1.4% and September of 2.5%- September is best month to own gold, followed by January, November & August
US Home Sales Collapse
Dave Kranzler provides accurate information, unlike the propaganda originating in the financial sector, that home sales are collapsing.
http://investmentresearchdynamics.com/existing-home-sales-tank-this-summer-fact-vs-fiction/
The post US Home Sales Collapse appeared first on PaulCraigRoberts.org.
After sliding to 3 month lows on "car cartel" concerns yesterday, European stocks have rebounded after three days of declines, while oil extended gains after Saudi export cuts, with Brent rising above $49 and WTI just shy of $47. Asian stocks fell while S&P futures rose 0.2% to 2,473, putting yesterday's GOOGL drop on plunging Costs-Per-Click in the rearview mirror.