- Economic Report
- 4:00 AM – German Ifo Business Climate of 109.7 missed the forecast of 110.3. German DAX is struggling to get off the lows.
- 4:30 AM – UK BBA Mortgage Approvals beat at 41.8K but GBP/USD is lower
- 9:00 AM – US S&P/Case-Shiller Composite-20 HPI y/y reading of 10.8% disappointed the forecast of 11.7%; HPI m/m was 0.0% vs. 0.6% expected
- 10:00 AM – US Conference Board Consumer Confidence at 85.2 beat the forecast of 83.6
- 10:00 AM – US New Home Sales numbers were 504K beating the estimates of 442K
- 10:00 AM – US Richmond Manufacturing Index was 3 – less than the estimates of 6. Futures were falling but reversed at around 5:15 AM and have been gaining the lost ground.
- Net-Pickings
- Fidelity’s Sector ETFs Pass the $1 Billion Mark
- Fragile Five Swoon Anew as Iraq-Oil Link Gives Pause
- Indian Jewelers Offer BMWs, Discounts to Lure Gold Buyers
- This is what needs to happen for gold to rally
- Markets linger where boredom and extreme optimism meet
- Are we setting up for a 2011-type crash?
- Fund Managers’ Current Asset Allocation – June
- Is The Energy Sector Due For a Pull Back?
- Bull Has Legs to Run 10 Years More If BMO’s Math Is Right
- “Smart Beta” and Portfolio Rule Seven
