WEEKLY MARKET DIGEST: GREEK REFERENDUM, STRONG JOBS HEADLINE SOFTNESS UNDERNEATH, NEGATIVE INTEREST RATES, PAIN IN SHANGHAI $GLD $TBT
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) STRONG JOBS HEADLINE BUT SOFTNESS UNDERNEATH, SWEDEN PUSHES DEEPER INTO NEGATIVE INTEREST RATES, MORE PAIN IN SHANGHAI July 2, 2015 June Non-farm Private Payrolls came at 223K vs. 225K consensus inspite of strong headline, digging below the surface shows some softness in the numbers. Paradoxically this is positive for the stock market because it may delay an interest rate hike. In a high stakes move, Sweden is pushing deeper into negative interest rates. The Riksbank