S&P 500 IS NEARING FULL VALUATION

FAST FACTS ABOUT TODAY’S ECONOMIC DATA: S&P 500 Nearing Full Valuation as we approach 2500. Existing Home Prices hit a record high, but sales slow. Both Japan Mfg PMI and Eurozone Composite PMI slip again in July. BUYER BEWARE, S&P 500 IS NEARING FULL...

CHINA STICKS THE LANDING (AGAIN)

FAST FACTS ABOUT TODAY’S ECONOMIC DATA: China economic data improve in the second quarter. NY Manufacturing Index indicates lower growth in July.  CHINA Q2 2017 GDP UP +6.9% Y/Y: Today, the National Bureau of Statistics of China reported that Q2 2017 Real GDP...

SOUTHERN EUROPE TURNS UP, BUT CAN’T KEEP UP

FAST FACTS ABOUT TODAY’S ECONOMIC DATA: Southern Europe showing meaningful improvement, but FX spoils going to the North. German trade surplus improved following improvements in Exports. China CPI fell again in June. Japan Machinery Orders fell in May. DECLINING...

U.S. TAX RECEIPTS UP +5.5% Y/Y IN JUNE

FAST FACTS ABOUT TODAY’S ECONOMIC DATA: S. Tax Receipts up +5.5% Y/Y in June but held back by Corporate Taxes. S. Factory Orders fell for the second month in a row in May (-0.79% M/M). EU PMI revised higher in June and Retail Sales increased for the 5th month in a...
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