Oil is staying below $106.
WEEKLY MARKET DIGEST: 2011 REDUX, SELLING DOLLAR AND STOCKS TO BUY GOLD $GLD, $SLV, $SPY, $QQQ,$DIA, $TBT,$TBF $USO
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. )
MORNING CAPSULE: WEAK START AFTER DISAPPOINTING DATA FROM JAPAN, EXPECT PRE-WEEKEND SHENANIGANS BEFORE QUARTER END
June 27, 2014Overnight Nikkei fell 1.4% as the market did not like 8% fall in household spending vs. consensus of -0.2%.In sympathy, stocks are weaker in early trading in the U.S.Expect window dressing related pre-weekend shenanigans; we will take the opposite side of ant extreme move. A major Russell rebalancing may also provide opportunities.Interest rates are weaker.
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June 29, 2014