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  • 2 years ago
Milk and Cookies

Milk and Cookies

Record high close for Dow industrials and S&P 500. It’s raining yen. BOE plans rate cuts. Global stocks erase losses. IMF says Brexit impact is negligible on US. Inventories barely rose. Job openings lower. Small biz sentiment up again. EU-US Privacy Shield is big deal for big data. The Hague rules against China. Happy Prime Day.
Financial Review by Sinclair Noe for 07-12-2016

DOW + 120 = 18,347
SPX + 14 = 2152
NAS + 34 = 5022
10 Y + .09 = 1.52%
OIL + 2.04 = 46.80
GOLD – 21.90 = 1333.70
Japan's Nikkei extended gains overnight,  rising 2.5% to almost recapture its pre-Brexit level, after Prime Minister Shinzo Abe ordered a new round of fiscal stimulus. The yen had its biggest two-day slide since 2014. Former Federal Reserve Chairman Ben Bernanke met with Prime Minister Shinzo Abe Tuesday. Bernanke noted during the face-to-face meeting that Japan’s central bank still has a range of monetary easing measures at its disposal. Brushing aside a view among Japanese economists that BOJ po