Super Low

Bond yields hit all-time low. Mortgage activity jumps. Banks clobbered this year. Italian banks duramente colpite, with no bailouts allowed. Danone buys WhiteWave. Avast buys AVG. If you buy anything at Wendy’s, use cash. Boeing pays late. Flights to Cuba or London. And a faster way through TSA?
Financial Review by Sinclair Noe for 07-07-2016
DOW – 22 = 17,895
SPX – 1 = 2097
NAS + 17 = 4876
10 Y + .02 = 1.39%
OIL – 2.23 = 45.20
GOLD – 3.40 = 1360.80
The Fed didn't raise its benchmark interest rate last month because officials worried about the "surprisingly weak May employment report," according to the minutes of the June meeting. And that was before the Brexit vote. The minutes offered no guidance on when the Fed might raise interest rates. Of course, the May jobs report showed just 38,000 net new jobs. Tomorrow morning we will find out how many jobs the economy added in June; consensus estimates are around 175,000; something close to that number and we can look at May as an aberratio