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[b][color=brown][i]Where have we been and where are we … Hope everyone has SAFE & GREAT week ahead
1st day of SUMMER & this week has longest days of year for daylight
HAPPY FATHERS Day from BUCK ROGERS & the herd & baby fawns of SW VA 8)[/i][/color][/b][article]2106[/article]
One of favorite gospel tracks of all time — as our creator makes our nation stronger in 2nd half of 2020 🙂
European stockmarkets start the week off down
[color=red] France’s CAC, -0.7%
German DAX, -0.7%
Italy’s FTSE MIB -0.7%
Spain’s Ibex, -1.4%
UK’s FTSE 100, -0.7%[/color][color=limegreen][size=5][b]Dow 26,024.96 153.50 0.59%
S&P 500 3,117.86 20.12 0.65%
Nasdaq 10,056.47 110.35 1.11%
GlobalDow 2,845.24 6.12 0.22%
Gold 1,766.30 13.30 0.76%
Oil 40.60 0.85 2.14%[/b][/size][/color][size=5][i]In spite of END OF WORLD times — this MONSTER RALLY continues
One of greatest videos & jams of all time features movie segments – lol[/i][/size]
[size=5][i]While West point speech was one of his best – my better half, hound, and me enjoyed this one
The Tulsa rally is shared for anyone interested … I don’t agree with all things – but alternative is not better[/i][/size]
[color=purple][i][b]WOW – the NASCAR response to very evil prank played
upon BUBBA WALLACE was beautiful show of support
that may not be covered by “fake news” tonight — all drivers lined up to push car to the front
and car owner Richard Petty & others demonstrated the BEST OF AMERICA
it brought a few tears to my eyesRace is currently frozen on lap 57 (as I believe RAIN has moved in again) 8)[/b][/i][/color]
[size=5][b]https://www.foxsports.com/nascar/story/bubba-wallace-noose-talladega-drivers-support-stand-with-062220
https://www.foxsports.com/nascar/racetrax?raceCode=22&season=2020&circuit=2%5B/b%5D%5B/size%5D
Philadelphia Fed nonmanufacturing index for June 2020 -3.6 v. -68.6 last month
regional business activity index -3.6 in June vs. -68.6 in May
full-time employment index my 13.3 in June vs. -23.4 in May
new orders index -12.6 in June vs. -32.4 in May
wage and benefit costs index -3.5 in June vs. -14.9 in May
firm level business activity index 7.3 in June vs. -41.4 in MayJune prelim US Manufacturing Markit PMI 49.6 v 50.0 expected Prior 39.8
Output 47.8 vs 34.4 prior
New orders 49.5 vs 34.6 priorServices:
46.7 vs 48.0 expected
New business 48.7 vs 36.9
Prior services was 37.5
Composite index at 46.8 vs 37.0 prior.
Comments from Chris Williamson, chief business economist at IHS Markit:“The flash PMI data showed the US economic downturn abating markedly in June. The second quarter started with an alarming rate of collapse but output and jobs are now falling at far more modest rates in both the manufacturing and service sectors. The improvement will fuel hopes that the economy can return to growth in the third quarter.
However, although brief, the downturn has been fiercer than anything seen previously, leaving a deep scar which will take a long time to heal. We anticipate that the US economy will contract by just over 8% in 2020. The coming months will therefore see the focus turn to just how much recovery momentum the economy can muster to recoup this lost output. Any return to growth will be prone to losing momentum due to persistent weak demand for many goods and services, linked in turn to ongoing social distancing, high unemployment and uncertainty about the outlook, curbing spending by businesses and households. The recovery could also be derailed by new waves of virus infections. Continual vigilance by the Fed, US Treasury and health authorities will therefore be required to keep any recovery on track.”
[color=green][size=5][b]Kudlow sending #ES_F higher
– says Trade deal is intact as China has ‘picked up its game’ – adds tax rebates and direct checks are both ‘on the table’ in next round of stimulus.[/b][/size][/color]
[color=green][size=5][b]US treasury auctions $46 billion 2 year notes at high yield of 0.193%
v. WI of 0.197%[/b][/size][/color]bid to cover 2.46x v. six-month average of 2.6x
dealers 31.2% vs. six-month average of 33.6%
directs 16.7% vs. six-month average of 15.4%
indirect 52% vs. six-month average of 50.9%[color=green][size=5][b]Dow 26,156.10 131.14 0.50%
S&P 500 3,131.29 13.43 0.43%
Nasdaq 10,131.37 74.89 0.74%
GlobalDow 2,874.05 29.72 1.04%
Gold 1,785.60 19.20 1.09%
Oil 40.27 -0.46 -1.13%[/b][/size][/color]
Shares of Hertz $HTZ up 53% to $1.93 Wednesday after Jefferies says CarMax $CMX and AutoNation $AN could be interested in the bankrupt car rental company.
[color=red][b]European shares dump with “risk off”
France CAC, -2.92%
Germany DAX, -3.43%
Italy FTSE MIB -3.42%
Spain Ibex, -3.15%
UK FTSE -3.11%[/b][/color]US auction $47 billion 5 year notes at 0.330% v WI at 0.336%
High yield 0.33% v. 0.336% WI level before the auction
Bid to cover 2.58x v. six-month average of 2.47x
Dealers 21.96% v. six-month average of 27.1%
Directs 15.8% v. six-month average of 13.9%
Indirects 62.3% vs. six-month average of 59.0%[color=brown][size=5][i]Ohhh the Humantiy as some SHEEP were sheared on WALL STREET :ohmy:
and even the OIL BARRONS lost around 5% :woohoo:
COVID-19 is still serious threat — but death rate is decreasing in USA overall :unsure:
My bride, hound, deer and I will continue to wear MASKs as we don’t need a law :whistle:
verses “common sense” – and even #45 is wrong on being as safe as possible 😆
as a “MAGA” mask should be mandatory at every future rally – lol 8)[/i][/size][/color][color=red][size=5][b]Dow 25,445.94 -710.16 -2.72%
S&P 500 3,050.33 -80.96 -2.59%
Nasdaq 9,909.17 -222.20 -2.19%
GlobalDow 2,800.57 -43.76 -1.54%
Gold 1,775.20 -6.80 -0.38%
Oil 38.06 -2.31 -5.72% [/b][/size][/color]
[size=5][i]And a good THUR morning to all from the deer infested mtns. of SW Virginia 8)
DOW futures are down around -200 :ohmy:
on COVID-19 infection upticks (even though actual OVERALL deaths declining in USA) :unsure:
and maybe all these PROTESTS & RIOTS & “CHAZ” are just as bad as #45s rallys :whistle:
and current economic concerns also (U/E upticks & delays in reopening)[/i][/size]And maybe the 1967 “summer of love” is not a good idea for 2020 😆
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