The message very briefly today as Donald Trump Jr's email was taken to confirm the campaign was aware of the Russian government's desire to help elect his dad, was simple "you get nothing"...
'Dip-buyers' stepped up bravely to rescue stock markets after Trump Jr.'s email threatened to unravel the hype of Trump tax cuts... but it seems McConnell's sumemr-school for Senators has saved the day as hope is back that healthcare (then tax cuts) will emerge... and the S&P reached unchanged...
The question is - now that the machines accomplished their machines - what happenes next?
Because the dollar is not buying it...
2Q17 earnings season kicks off next Friday with four banks - Citi, JPM, Wells And PNC - reporting results, accounting for roughly 5% of the S&P 500 by market cap. 89% of the S&P500 is expected to report earnings by August 4th. And while most analysts expects a beat vs. consensus (+7% EPS) in 2Q, BofA warns that analysts’ forecasts continue to look overly optimistic for the 2H, particularly in 4Q.
Authored by Andrew Zaitlin via MoneyBallEconomics.com,
Slower Spending Growth In Q3
When Vice spending momentum began to slow in February, I blamed near-term noise. I thought it might be tied to February’s tax refund deferral.
And when it slowed again in March, I blamed Easter.
But vice spending growth continues to slow. In fact, in the latest month, it points to contraction in 3Q or early 4Q.
Keeping it Simple - Soren K. Group
authors Vince Lanci, "Fay Dress", and "Bon Scott" for Marketslant.com
We Can't Know
The title implies we can know without a doubt why Gold is dead since 2011. The reasons for Gold's demise cannot be known through deductive methods. To do that we need facts. To get facts we need Government transparency. That isn't happening.