Quick Overview is up to date

Otherwise still working on updates.....

• (Reuters) - Systemic racism and high unemployment levels among black and Hispanic Americans create a drag on the U.S. economy, Dallas Federal Reserve President Robert Kaplan said on Sunday.

• Treasury Inflation Protected Securities, or TIPS,  dropped to a new low for the year. Now at -0.6%

• The accelerated development of a coronavirus vaccine could mean the UK is fullyvaccinated by Christmas.

• Investment in oil supply has collapsed. It may not roar back

• America’scurrency is losing its exceptionalism

• World's ultra-wealthy go for gold amid stimulus bonanza

• Beijing  implements localized lockdowns on a second wave of COVID-19 – while the Bank of China is taking further steps to ease policy.

• Top members of coronavirus task force advised against Trump's Tulsa rally.

• Apple said it's going to close some stores…

• The WHO warns the pandemic is accelerating…

• Brazil reported a record one-day increase for any country in the world since the pandemic began of 54,771 new cases  and 1,206 new deaths, raising total to more than 1 million cases and 48,954 dead.

• Due to a proliferation of hate civil rights groups urge large Facebook advertisers to boycott the platform in July. Facebook totaled nearly$70 billion in ad revenue last year.

• Goldman Sachs upped its 12-month gold forecast to $2,000 from $1,800, mentioning low interest rates and worries over currency debasement. The above TIPS chart probably  helps a bit.

• Now Schwab etc. let you buy fractional shares – for $5. Perhaps fractional options trading (facetious) can be expected next.

• From Spam to Corned Beef, Sales of Canned Meat AreBooming

• 6/20/2020 World Climate Service Preliminary all-time record of 38.0°C (100.4°F) at Verkhoyansk in Siberia, and a contender for hottest on record within the Arctic Circle. Temperatures expected in 2100 appear to be arriving 80 years early…

Quick Overview is up to date

Otherwise still working on updates.....

•            Mnuchin said the U.S. shouldn’t shut down the economy again even if there is     another surge in coronavirus cases.

·      Jerome Powell said:

our principal focus though is on the state of the economy and on the labor market and on inflation. Now inflation of course is low, and we think it’s very likely to remain low for some time below our target…. that the central bank will keep pumping stimulus into the U.S. economy until its traumatized labor market has healed from the harm of the coronavirus pandemic. “We’re not even thinking about thinking about raising rates,”

·      On Tuesday, DR. Fauci said that COVID-19 is his “worst nightmare,” In a period of four months, it has devastated the whole world,” Fauci said. “And it isn’t over yet.”

·      Coronavirus cases in the U.S. are raising alarms as new infections push the overall count past 2 million and the DJIA drops by 1861 points (6.9%) or almost  $ 2 trillion on Thursday.

·      One pretty good site to tack this nasty thing   

·      Some countries that seem to be doing better than others are Hong Kong with a Death per 1 mill population of 0.5, Singapore 4, and New Zealand declares itself Covid Free. 

·      Some countries doing poorly with a death per 1 million population are Belgium at 832, UK 608, Sweden 477, and the US with 350.

·      Researchers find that over 1,000 metric tons of microplastic fall on 11 protected areas in the US annually, equivalent to over 120 million plastic water bottles. 

·      MoM Britain's economy shrank by a record 20.4% in April.·       

Making a bit of progress. But remember many charts are still not up to date.

Daily  Breadth group is up to date. For example see NYSE Advance Decline line making new high.
Section 4 in Daily Chart Book

Futures point and figure chart group is up to date. For example see Rice P&F , what is going on?
Section 3 in Daily Chart Book 

Equity point and figure chart group is up to date. For example see Nasdaq P&F. Where to next?
Section 5 in Daily Chart Book

Quick Overview is up to date

Otherwise still working on updates.....

InvestmentTools is still inactive. However I "may" become more active. After all these years of inactivity this will involve quite a bit of cleaning up.  So stay tuned.

In the mean time, I'm planning to post items I find of interest from time to time.

With this in mind, here for laughs and giggles, is the latest Fed Model. Perhaps you'll note that it sees the DJIA at $181,061. Sure go ahead and laugh, but realize that there is quite a bit of  reasoning behind the #.

Fed Model

Investmenttools.com is currently inactive.

QUICK OVERVIEW

QUICK OVERVIEW

• Sunday political talk shows barely cover Hurricane Maria’s devastation of Puerto Rico The entire island is without power, a dam is in danger of bursting, and Sunday political talk shows talked about it for less than a minute 

• The great nutrient collapse The atmosphere is literally changing the food we eat, for the worse. And almost nobody is paying attention. 

•  When Congress hauls in Equifax CEO Richard Smith to grill him, it can start by asking why he put someone with degrees in music in charge of the company’s data security. 

NYSE WADL  (Weekly Advance Decline Line)

FCOJ short term

FCOJ  long term

QUICK OVERVIEW

• (Economist) There are now 400 extreme weather events every year, four times as many as in 1970.

• And let’s not forget Florida Gov. Rick Scott, a pioneering climate denier.

• (WPO) The Pacific bluefin population has been depleted by more than 97 percent from its historic high, because of overfishing.

• (Bloomberg) China is working on a timetable to end production and ban sales  of fossil fuel cars in electric vehicle push.  

• (Economist) Republicans only want to tax profits earned at home, removing the incentive to stash foreign earnings. Cutting taxes on profits earned abroad would be a pointless giveaway. The government may as well write shareholders a cheque. 

• (CNN) In other news: 6 in 10 Americans don't have $500 in savings.

• Facebook (after several denials) says Russians may have bought $100,000 in political ads.

• (NYT) Russian fingerprints are on thousands of fake Facebook and Twitter accounts that posted anti-Clinton messages

• (WPO) Perspective: Facebook’s role in Trump’s win is clear. No matter what Mark Zuckerberg says.

• For sale/rent a SEX robot which "moans" when its boobs are massaged. If technology is replacing the oldest profession what jobs are next?? 

QUICK OVERVIEW

• House prices in the US show a negative correlation with predicted climate change risk, according to property analysts Zillow, demonstrating the attraction of living by the sea.

• In little more than a month, the price of a share in Swiss National Bank increased by 50 per cent. No one knows why.

• (Economist) Since 1970, the number of disasters worldwide has more than quadrupled to around 400 a year.

• America is regressing to have the economic and political structure of a developing nation, an MIT economist has warned.  Peter Temin says the world's’ largest economy has roads and bridges that look more like those in Thailand and Venezuela than those in parts of Europe. 

Gold Breakout

 

VLCC Tanker Rates

QUICK OVERVIEW

• (WAPO) North Korean missile flies over Japan, sharply escalating tensions and eliciting an angry response from Tokyo..

• (FX Street) State Farm, Liberty Mutual and Allstate are the insurers most exposed to losses from Hurricane Harvey.

• (Guardian) Kenyans producing, selling or even using plastic bags will risk imprisonment of up to four years or fines of $40,000 (£31,000) from Monday, as the world’s toughest law aimed at reducing plastic pollution came into effect.

• (FT) The Chinese population in Africa is now in decline as workers return to China because of falling commodity price.

• (FT) The UK generated more electricity from wind turbines than from burning coal last year — a first.

• Trump’s high-level business advisory groups have fallen apart.

• Trump has abandoned plans to create an infrastructure advisory council.

• Japan, the world's third-largest economy expanded by a much stronger-than-expected annualized rate of 4.0% in April-June --  its longest uninterrupted run of growth in a decade,

• (Scientific American) The world can expect 3 to 7% less crop yield for each degree rise in temperature

QUICK OVERVIEW

Quick Overview and Baltic Exchange Dry Index (BDI) are up to date.

QUICK OVERVIEW

Quick Overview is up-to-date

QUICK OVERVIEW

Quick Overview and Baltic Exchange Dry Index (BDI) are up to date.

QUICK OVERVIEW

• World's most populous city Shanghai just registered highest temperature of 40.9C (105 F) in recorded history.

• U.S. Housing starts rose for the first time in four months in June, increasing 8.3% to an annual rate of 1.215 million.

• The euro zone's public deficit dropped in the first quarter of the year to its lowest level in nearly a decade, driven by a widening surplus in Germany.

• China has raised its 2017 annual GDP projection to 6.8% YoY from 6.6 % previously.