Equities saw a few moderate swings, the SPX settling -0.03% to 5980.
sp’weekly1b
Summary
SPX: with one trading day left of the week, the SPX is currently +3.9pts (0.1%). Considering the ongoing Israel/Iran crisis, we should expect net weekly declines… but the market makers will be inclined to see a pin around 6000. Net bullish into August, unless <5800.
–
Looking ahead
With Thursday CLOSED for Juneteenth, lets move onto….
Friday will see Phil’ Fed manu’, leading indicators
Earnings: $KR $ACN $DRI $KMX
Event: It will be quadruple option expiration – QUAD-OPEX. Expect considerable chop on VERY high vol’. All else being equal, the market makers will be inclined for a pin around SPX 6000
–
Final note
A few videos appeared overnight Tues’/Wed’, and they do merit attention…
A very passionate discussion. HIGHLY recommended.
–
Maka is one of the very few remaining from the early days (2007) of Youtube. Operation Blackjack is a REAL plan. The only issue is whether anyone can stop them.
–
Hunter with guest Armstrong. Highly recommended.
–
Videos from Thurs’ onward…
There are many ‘zombie’ companies. The first that come to mind are the solar companies, FSLR, ENPH, RUN, all recently getting the smackdown on terror the solar credits might end!
–
The Celente and Ms. Cambone on gold, war, and other things!
–
Did the Neocons Plot to Get Rid of Tulsi? China Enters & Iran Refuses to Surrender
‘There is something in play here, and Trump may be getting horrible advice from the very people who tried to assassinate him.’ – Armstrong
Tulsi resigning or getting kicked by Trump, would be further reason to give up any hope of avoiding a nuclear WWIII.
–
It would be the height of irony if Israel accidentally struck any of the US/western ships. Seriously… no, I don’t expect it. I do expect a ship to be significantly damaged… if not sunk.
–
The Carlson… with Cruz, who doesn’t appear to know anything about Iran, other than wanting to bomb it.
–
‘Turn this into a religious war, and you will watch Europe burn. It may be to remove the religious government of Iran that overthrew the Shah in 1979, but if this is perceived as a war against Islam instead of a government, then this explodes in everyone’s face.’ – Armstrong
Europe is already smoldering, and ready to burn, starting with London, Paris, and Madrid.
–
Saul-less
Last night I didn’t get around to watching Better Call Saul, 6×12. Its probably just a case of not wanting it to end. Not sure when I’ll resume.
In any case… I do wish you to enjoy the day off.
Goodnight from London