Quick Overview

• MoM U.S. New-home sales rose 11% in June, the third increase in a row and more than expected. September lumber is steady to higher.

• German consumer confidence rose to 3.5 points, up from 3 points -- a 14-month high.
  

• The USDA said on July 1st there were 101.8 million head of cattle in the U.S. down 1.45% YoY and the lowest in 36 years.
  

• There were 9.752 million head of cattle on feed, down 5.3% YoY
  

• (WSJ) After the driest June in 83 years, four of India's 28 provinces have declared drought. More than half of Uttar Pradesh state, India's most populous state and a key rice- and sugar cane-growing region.
  

• IT’s reading of Dow Theory is now bullish.

• The % of ETF's on our list of 718 funds that are up in the last 20 days is at 86%

• New high for the NY Volume Advance Decline Line

• (Reuters) - The Australian dollar jumped against the dollar and the yen on Tuesday after Reserve Bank of Australia Governor Glenn Stevens said the Australian economy had fared well enough that upside risks to the outlook now balanced out those on the downside