Trump Loves Russia

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Russia is the only country ETF that is down for the year.  The rest of the world is very positive.  Average gain for the remaining country ETF’s, a stunning 19%.

Hat tip Charlie Bilello

GOOGL

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Stocks at New Highs

No surprise, investor bullishness is also near the highs:

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At the same time the seasonal pattern is usually less than positive:

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While overall the powerful economic expansion, which began in mid 2009, may soon begin to show its age:

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Hat tip Charlie Bilello/Ryan Detrick

 

 

Home Prices Continue To Rise

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The steady rise in home prices has consistently out paced income and inflation growth over the last few years.  Something’s gotta give. 

Hat tip Charlie Bilello

New Highs

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The big movers today, following blow out earnings reports: 

Caterpillar  +5.9%

McDonalds  +4.75%

Wal-Mart  +2.1%

JP Morgan  +1.7%

Not a negative.  Hat tip Charlie Billello

Crude

Long term the trend in Crude remains down.  However – this Daily Chart (each candle is a day) depicts a potential intermediate move higher.  Want to see 45 hold on a closing basis.

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Fighting Falcon

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Sweet pic, from strategypage.com:  Air Force Capt. David Neville, a 13th Fighter Squadron F-16 Fighting Falcon pilot, conducts a flight sortie above northern Japan, June 12, 2017. Neville and other 13th and 14th Fighter Squadron pilots joined Kadena Air Base, Japan F-15C Eagle pilots to conduct air-to-air and suppression of enemy air defense missions during an aviation relocation training. (U.S. Air Force photo/Staff Sgt. Deana Heitzman)

Hat tip Austin Bay

SP 500

Click for larger view

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When Zero Discipline is a Good Thing

If you had invested $10,000 in Netflix on its IPO you would have $1,500,000.00 now.  But it wasn’t easy getting there.  You would have had to live through two separate draw downs of over 80%.  Which would have meant you had absolutely zero risk management in place.  Not a good long term strategy.

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Hat tip John Boorman

 

Greed Is Not Always Good

Especially if you’re a contrarian.  The CNN/Money Fear and Greed Index is beginning to point towards extreme greed.  Certainly something to keep an eye on.  More here:  http://money.cnn.com/data/fear-and-greed/

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