Sheraz Mian's picture

The Greece situation remains as complicated today as it was yesterday, though today’s positive stock market action in Europe likely indicates that market participants on that side of the pond see some light at the end of the tunnel.

Michael Shedlock's picture

A few days ago I received an email from yet another naysayer telling me that I was wrong about self-driving cars and we would not see them in his lifetime. I don't recall precisely how I answered, but it was along...

Global Risk Insights's picture

The Chinese yuan looks poised to join a symbolically important international currency basket but differences over its valuation remain between the US and China. US Treasury Secretary Jack Lew made clear on June 24 that...

Cris Sheridan's picture

Given the market's slight breakdown this month, two of the three technical red flags for a possible top in the market have been raised. The third red flag will occur if the S&P's 12-month moving average becomes resistance, as we saw with the prior two major market peaks...

Richard Russell's picture

As usual in bear markets, people are looking at the wrong thing. I don’t think the Greek situation will bring on trouble. The market doesn’t wait for trouble, it looks ahead – it discounts. So far, the stock market is snoozing...

Marc Chandler's picture

The US dollar is enjoying broad gains today. It is extending its recent gains after a consolidative session yesterday as investors tried digesting the weekend developments. The yen is the sole exception among the majors.

Paul Kasriel's picture

It seems as though there usually is a “but” when the unemployment rate falls by more than expected by the cognoscenti. The consensus estimate for the June unemployment rate was 5.4%, down from May’s 5.5%.

George Friedman PhD's picture

In a result that should surprise no one, the Greeks voted to reject European demands for additional austerity measures as the price for providing funds to allow Greek banks to operate. There are three reasons this should...

Charles Hugh Smith's picture

What we may be witnessing is the first phase of a new era of widespread non-state currencies. It was easy to predict the eventual collapse of the one-currency-fits-all euro: indeed, many analysts explained why it was doomed...

Doug Short's picture

Today the Institute for Supply Management published its latest Non-Manufacturing Report. The headline NMI Composite Index is at 56 percent, up 0.3 percent from last month's 55.7 percent. Today's number came in fractionally...

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