QUICK OVERVIEW

• The Fed raised  rates by a 1/4 to a target range of 1.00%  to 1.25% and is  forecasting one more hike this year. The Fed  wants to begin  shrinking  its 4.5 trillion balance sheet…

• The U.S. sentiment index has dropped to 86.7 from 97.7 prior to June.

• U.S. consumer prices fell 0.1% last month, disappointing forecasts for an increase of 0.1% and following a gain of 0.2% in April.

• MoM U.S retail sales fell 0.3% in May, below forecasts for a gain of 0.1%

• CoreLogic reports that U.S. mortgage delinquencies in March dropped to a 10-year low.

• In the UK, support for Brexit is collapsing…

• There are 16 million Bitcoin addresses with $61 or less and only 1780 with more than $608,000.  Last week’s high was almost $3,000 to a low of $2,076. It closed out on Friday at $2,485.

• China's central bank left interest rates unchanged.

• Chinese industrial production 6.5% vs. 6.3% forecast

• Chinese retail sales 10.7% vs. 10.6% forecast

• A Hong Kong parking space sold for $664,300

• Monsoon predicts a normal monsoon for 2017 and suggests that June to September rainfall will be 98 percent of the Long Period Average  May 30, 2017, was the official onset date for the 2017 Southwest Monsoon when showers hit southern India.  

• A significant portion of internet traffic isn't real. It's perpetuated by bots, fake accounts set up to artificially inflate the popularity of a website, social media post, or advertisement. On Sunday, the world got a rare look at what the click fraud business really looks like.