Dow Jones Industrial Average

Dead.Market.Walking

2474, 2473, 2473, 2470, 2477, 2478, 2475, 2472, 2470, 2476, 2478, 2472, 2477...

Earnings Beat "Fist Pumps" Very Muted This Quarter

"...shares of companies that have reported both better-than-expected profits and sales for the second quarter have barely budged this earnings season. It’s the least fist-bumping investors have done for great quarters in 17 years."

Tech Stumble Drags Global Markets Lower; All Eyes On The BOE

E-mini futures are fractionally lower this morning (0.08%) after Apple's surge helped the DJIA climb above 22,000 for the first time on Wednesday; Global shares declined for the first time in 4 days pressured by tech stocks: Asian shares fell, while Europe pared opening losses to trade unchanged.

Euro Surges To 2-Year High In "Bipolar" Draghi Reaction; Futures Flat

"Draghi tried to talk the Euro down, even going so far as to suggest that ECB’s quantitative easing could be increased and prolonged," said Swissquote Bank's Yann Quelenn. "But the currency markets were not buying Draghi’s line, and neither are we. Available bonds are too scarce, and turn to a taper is too clear to disguise."

Industrial Production Growth Slows For First Time Since January

Following May's disappointing MoM collapse in industrial production growth, economists had hoped for a modest 0.3% rebound and were pleasantly surprised with 0.4% gain in June (and upward revision for May). However, year-over-year growth in industrial production slowed from +2.1% to +2.0% YoY - its first slowdown since January.

Is Trump Setting Himself Up To Take All The Blame When The Stock Market Tanks?

"You can blame whoever you want for the coming calamity; Obama, The Fed, Wall Street, a massive public debt, excessive entitlement spending, or any of the number of other “bubbles” currently plaguing our country’s capital markets... But, when it all explodes, Trump and all the 'MAGA' voters who got him elected are going to be the ones eating all the blame that gets served up."

"We Call Bullshit On The 'Bots Again!"

"We’ll admit maybe some bad trading on our part - leaving a stop hanging out there before a data release - but this is TOTAL BULL SHIT... Where in the hell is the CFTC and SEC?"