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US Sec. of State Pompeo on North Korea
There is a great deal of work to do
Sees full disarmament within 2 1/2 years
United States would like to achieve major North Korean disarmament within 2 1/2 years
Very confident United States will begin next engagement with North Koreans and the next week or so
Confident that North Korea understands there will be in debt verification of disarmament
Lots of other places where understandings were reached with North Korea that were not included in final Singapore document; will return to those when talks resume
Will have the lead role in driving process forward with North KoreaFed as expected raises:
Took a while but finally sold off after the Fed today but still at 2781 the sep futures are bid well above the sell off last week (if you can call it that)
[color=red][b]MINOR PROFIT TAKING ON FED RATE HIKE OF 25 BPS
Dow Jones 25,201.20 −119.53 (0.47%)
S&P 500 2,775.63 −11.22 (0.40%)
Nasdaq 7,695.70 −8.09 (0.11%)
Russell 1,676.54 −5.76 (0.34%)
NYSE Comp 12,785.45 −59.26 (0.46%)[/b][/color]US May retail sales +0.5% vs +0.4% expected
Prior +0.4%; revised to +0.6%
Strong report saw $USD catch a bid heading into Draghi conferenceAdvance retail sales +0.8% vs +0.4% m/m expected
Prior +0.3%; revised to +0.4%
Ex autos +0.9% vs +0.5% m/m expected
Prior +0.3%; revised to +0.4%
Ex autos and gas +0.8% vs +0.4% expected
Prior +0.3%
.US initial jobless claims 218K vs. 223K expected, prior week unrevised 222k
US Continuing claims 1697K vs. 1732K expected, prior week was revised to 1746K from 1741K
The 4-week moving average was 224,250, down1,250 from the previous week’s unrevised average of 225,500
Atlanta Fed GDPNow higher at 4.8% from 4.6%
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 4.8 percent on June 14, up from 4.6 percent on June 8. After this morning’s retail sales release from the U.S. Census Bureau, the nowcast of second-quarter real personal consumption expenditures growth increased from 3.4 percent to 3.6 percent.
[color=limegreen][b]SUPER GREEN — still be CAUTIOUS in days ahead
as markets are due for a SUMMER HAIR-CUT 😉 :woohoo: :woohoo: :woohoo: :woohoo:Dow Jones 25,175.31 −25.89 (0.10%)
S&P 500 2,782.49 +6.86 (0.25%)
Nasdaq 7,761.04 +65.34 (0.85%)
Russell 2000 1,684.72 +8.19 (0.49%)
NYSE Comp 12,771.95 −13.50 (0.11%)[/b][/color]
[color=purple][b]HAPPY FDIC FRIDAY (although Marty & company don’t close banks like they used to 😉 🙂
https://www.fdic.gov/bank/individual/failed/banklist.htmlFUTURES DOWN about 125 points on DOW based on CHINA TARRIF concenrs
https://finance.yahoo.com/news/morning-brief-us-release-list-chinese-goods-hit-tariffs-101357965.html%5B/b%5D%5B/color%5D[b]on a personal note – I was born with high IQ, but sometimes lack in common sense … but when going to school lots of practical things need to be better taught — like investing, trading, insurance, how bank accounts work, etc.
I’ve only got a few shares of our parent companies ESOP shares — and they spiked up about 12% in just a few weeks after being flat … In brokerage account I could not get transactions to take well … I had always put in a price at the current price (or a dollar higher) than real-time prices (not out greed but to lock on high for the day) & my instincts were right at the time in hitting daily high (after the 2 o’clock club & PPT had did their work – lol)
and now I finally learned how my brokerage account works — as I locked near recent highs at $581 yesterday — which was better than my earlier attempts (so I am thankful) … I actually lost out on Kroger shares when they were are $22.02 by 2 cents as I’m not an active trader & misinterpreted screens.
KEY TIP FOR BROKERAGE TRANSACTIONS: when selling and prices is at $582 for example, enter $1 LESS … for example I went $581 for the over/under … and instantly locked at $581.39 as qualified. Either Sell at slightly less or Buy paying slightly more — and you instantly lock on most current price — as you instantly on being “in bounds” price-wise … now that I know how system works, I might put a little “mad money” to work in near future 8)
[size=5][color=red][b]I am following the KRPTOs
but not investing (would not touch with ten foot pole)
BITCOIN is around $6500 these days[/b][/color] :woohoo:https://finance.yahoo.com/quote/BTC-USD?p=BTC-USD[/size]
[b]US Empire manufacturing index for June 25.0 vs. 18.8 expectations, Prior 20.1[/b]
employment index 19.0 versus 8.7 prior
new orders index 21.3 versus 16.0 prior
price paid index 52.7 versus 54.0 prior
6 month business condition index 38.9 versus 31.1 priorwork hours rose to 12 versus 11.1
inventory fell to 5.4 versus 10.1
prices received 23.3 versus 23.0
shipments 23.5 versus 19.1
delivery Time 13.2 versus 13.7
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