Welcome to 向錢汗 (Sweatin’ Money)‘s latest episode:
In this episode, we dabble in:
- PMIs and Manufacturing Indexes.
- JP Morgan needs to work on stress tests.
- Regional Fed Statements.
- Puerto Rico: Debt default.
Markit Services Flash PMI Holds Steady at 51.3
Chicago PMI Surges in June
Texas Manufacturing Outlook Survey
Fifth District Survey of Manufacturing Activity
Markets Reversed on June 28: Is the Rebound Sustainable?
Consumer Confidence Pops to its Highest Since October
Muted Gains Seen in Personal Income & Spending During May
Morgan Stanley Must Resubmit Capital Plan in Fed Stress Test
Pending Home Sales Index Slips in May
US Weekly Jboless Claims Total 268,000 vs 267,000 Estimate
Tougher Fuel Rules to Hurt NatGas Vehicle Use, EIA Report Says
Fed Hawk Bullard Calls for Lower Growth –But at least No Recession
James Bullard: Fed ‘Certainly Could Do More’ in a Shock
Credit and Liquidity Programs and the Balance Sheet
US Aut Sales on Track for Best June Since 2005
June US Auto Sales Mixed. Another Record Year Still in Sight
U.S. Factory Data, Auto Sales Improve, Construction Spending Slips
Fed’s Mester Doesn’t Want to Wait Too Long for Next Interest Rate Hike
Puerto Rico Defaults on Constitutionally Guaranteed Debt
-PHG – Down, but coming back up.
-SQ – Down. Long.
-DNKN – Up. Long.
-DIS – Down. Long.
-MCD – Down. Long.
-BAC – Long. Up.
-CZR – Short. Winning.
The Origins of the Puerto Rican Debt Crisis
-Morgan Stanley (MS)
-General Motors (GM)
-Fiat Chrysler Automobiles (FCAU)
-Honda Motors (HMC)