I’ll post the today’s Market Analysis and Market Report after the close.
ITALIAN RECESSION; FACTORY ORDERS SLOW IN GERMANY (Bloomberg)
Italy unexpectedly returned to recession
and German factory orders dropped the most since 2011 as slowing global growth
and rising tensions with Russia over Ukraine threaten the euro area’s recovery.http://www.bloomberg.com/news/2014-08-06/geopolitical-risks-weigh-on-germany-s-factory-orders.html
WHAT JUNK BONDS SAY ABOUT STOCKS (CNBC)
"Equities
are unlikely to rally in the midst of substantial a high-yield selloff,"
said one hedge-fund manager who focuses on the credit markets, referring to the
junk bond market by its industry name. "There will be a correction at some
point," he added, "whether it just started, or in the next six months."
Commentary at…http://www.cnbc.com/id/101895945
DK REPORT NEGATIVE
Page 1 of the DK technical indicator report is all negative. See the DK Report at…
http://stockcharts.com/public/3828047/tenpp/2
RUSSIA TRADE WAR (Bloomberg)
“Russia slapped import bans on an array of food goods from the U.S. and Europe and threatened to target the automotive, shipping and aerospace industries, striking back at sanctions over the conflict in Ukraine.” Story at…
http://www.bloomberg.com/news/2014-08-07/russia-bans-array-of-u-s-eu-food-in-retaliation-move.html
JOBLESS CLAIMS FALL (Bloomberg)
“Jobless claims decreased by 14,000 to 289,000 in the week ended Aug. 2 from 303,000 in the prior period, a Labor Department report showed today in Washington…’This is one of the early steps in the process of a really good run for the labor market,’ said Thomas Simons, a money market economist at Jefferies LLC in New York…” Story at…
http://www.bloomberg.com/news/2014-08-07/jobless-claims-in-u-s-fall-as-average-drops-to-eight-year-low.html
