Heating Up

Wall Street rebounds. Global central banks on hold for Brexit. CPI inches higher. Jobless claims inch higher. AZ unemployment rate jumps up. Disneyland Shanghai. VW goes electric. SpaceX falls hard. Microsoft goes to pot.
Financial Review by Sinclair Noe for 06-16-2016
DOW + 92 = 17,733
SPX + 6 = 2077
NAS + 9 = 4844
10 Y - .04 = 1.56%
OIL – 1.84 = 46.17
GOLD – 11.30 = 1281.20

Well, this was a strange day. The major market indices started the session lower and looked ready to slide into a sixth consecutive loss, but after about an hour of trade, prices started moving higher. Even with the weakness we have seen over the last week or so, the S&P 500 is still only a little more than 2% off its 2016 closing high for the year. From that perspective, can you recall a time when the S&P 500 was this close to a high for the year but where there was this much angst on the part of investors? At one point, the Dow was down almost 170 points, with a 280 point range from sessions low to ses