Heavy police presence in #ThorntonHeath after party turns violent #London
Please don’t put ground-up wasp nests in your vagina
The one book that changed Oprah Winfrey’s life and business
Pan-Americas SMI Slows in June. #SMI
Ivanka ordered to testify over accusations she copied Italian shoemakers design
Senate Republicans to add penalties for being uninsured in ObamaCare repeal bill: report
Raw: 15 Bodies Found After China Landslide
Pemex oil exports fall to record lows
25 June 1969, Led Zeppelin recorded Whole Lotta Love
NY Gov. Andrew Cuomo launches voter registration drive targeting states GOP at Pride march
#Indonesia releases 382 Muslim inmates early for #IdulFitri
WATCH: Colbert asks Russia to help him beat Trump in 2020
Wrong number.
Fifteen dead and more than 100 missing after China landslide
Incivility in the U.S. is so intense, Americans feel safest at work, survey shows
how was the press conference fine
How a 36-year-old Wall Street prodigy saved Burger King
Revisiting the ice giants: NASA study considers Uranus and Neptune missions! Learn more at
The architect of the radical right, by Sam Tanenhaus
Want to kick back? Where to go in July for relaxation #lp #travel
Internal dossier criticises Audi top management: Bild
State Department allowing Russian diplomats to roam free in US: report
Philippine forces declare #EidAlFitr truce in war-torn #Marawi
Alaska’s LGBT community celebrates 40 years of pride
A hotter planet might make hurricanes more destructive
Eight detained over Colombia shopping mall blast
Qatar rift centers around $1 billion ransom paid to al-Qaeda, Iranian security officials
These 4 Italian towns are thriving thanks to refugees
The numbers that make China the world’s largest sharing economy
Companies are cheering Indias biggest tax reform since 1947. Heres why
Company in focus: Maybe Masayoshi Sons successor will be AI
#XiJinping to visit #HongKong for 20th anniversary of handover, confirms Xinhua
Hopes fading in #China for 118 still missing day after landslide
Trump’s job promises crash into reality as auto industry lays off thousands:
Defeat the purpose.
These two charts show the meteoric rise of fidget spinners by @ewolffmann
Im dying
Donald Trump accuses Barack Obama of inaction over Russian involvement in 2016 election 
Kayaking with killer whales is the thrill of a lifetime
U.S. lawmakers urge Trump to press Indias Modi on trade, investment
Ancient Egyptian d20 (icosahedron) inscribed with Greek letters.
Fine wine is ready to party
Albanians vote in crucial test for EU membership hopes
Singapores most famous family is feuding over a piece of prime real estate
Texas mother charged in deaths of toddlers left in hot car
Here is an elite, $156,000 supercar no one is talking about
Pence holds unscheduled meeting with billionaire Koch brother during Colorado trip
Chinas imports from North Korea slump in May after coal ban
Drones to be deployed in offices as night watchmen
Nearly half of the world uses the Internet today, up from essentially 0 in 1990.
Why Londons #GrenfellTower burned: Regulators put cost before safety
GOPs internal fight on Planned Parenthood threatens to blow up ObamaCare repeal
Seven lessons from a successful slum upgrading project
How regenerative agriculture boosts farm profits while reducing climate change #foodsecurity
#ShinzoAbe to push for reform of #Japans pacifist Constitution before year end: Media
At least 11 die in #Colombia coal mine explosion
Trumps, Pence among the guests at Mnuchins DC star-studded wedding
Hopes dim for the scores of people missing after a landslide buried Chinese village
GOP lawmaker calls for special counsel Mueller to recuse himself from Russia investigation
50 Cent Dollar Bills $
Its not just because youre drunk — alcohol is actually an effective pain reliever:
College professor fired for comments made about race on Tucker Carlson show
Portugal investigating fraud linked to Venezuela PDVSA funds, PDVSA says
The business of human trafficking in Gambia
Anthony Kennedy considering retirement from Supreme Court: reports
53% of Millennials say they used a public library or bookmobile in the previous 12 months
Forward 12-month EPS still rising $SPX $SPY @factset
Yemen orders probe into alleged torture by UAE
What will become of Cambodia’s endangered tuk-tuk drivers? #ThisWeekinAsia
Anti-Semitism monitoring office will reportedly be abandoned in July
The National Rifle Association Takes A Shot At Australia, And Misses -
New iPhone screen puts blue-colored spotlight on its Japan supplier
Roxane Gay on acceptance and her evolving relationship with her body:
Johnson Johnson (JNJ): A Great Dividend Aristocrat? $
Trump considers leaving Mideast peace talks he once said wont be so difficult: report
Just address your emotions... Via @CollectiveEvol
We finally know what happened to (most of) Mars missing atmosphere
British lawmakers hit by sustained cyber attack
Think you’re buying on Amazon? It’s actually from Alibaba by @readkrystalhu
Court allows Mississippi law denying services to LGBT people on religious grounds
This looks completely natural.
It’s on: Xi Jinping to arrive in Hong Kong on Thursday for handover anniversary
Roughly one-in-five rural Americans say they never go online
New York Times publishes list of every outright lie by Trump since inauguration
A 1945 ship, restored and ready to work another salmon run in Bristol Bay
Trump breaks with tradition, forgoes Ramadan dinner
Serbian LGBT community hails expected historic election of first openly gay prime minister
#Amazon Picked By #VCs As Top Company To Lead Future #Tech #fintech @rfannin
Bernie and Jane Sanders, under FBI investigation for bank fraud, hire lawyers
Ambassador who resigned over Paris deal exit: Trump is threatening US global leadership
#ArnoldSchwarzenegger, #EmmanuelMacron promote global pact on environmental rights
Ivanka ordered to testify over accusations she copied Italian shoemakers design
Some #UK ministers want finance minister #PhilipHammond as caretaker PM: Report
Senate Republicans to add penalties for being uninsured in ObamaCare repeal bill: report
French President Macron, PM Philippe approval ratings rise: poll
Just imagine the amount of avoidable pollution we have in this world… #pollution #hemp
Here is the weeks news in pictures:
Fast-food eating may be worse for you than you even thought
Genetically engineered fungus knocks out deadly mosquitoes using scorpion toxins
Albanians prepare to vote in general election, seen as a crucial test of EU accession hopes
Ex-governor David Wilson on Hong Kong, hiking and Xi Jinping’s father
Koch political leader rips ObamaCare repeal bill: Its not conservative enough
Rap legend Prodigy dead at 42 from a disease America hasn’t bothered trying to cure
Why aren’t American teenagers working anymore?
How Batman Robin changed the superhero movie for the better, by @davidlsims
Watch the history of cat domestication in three minutes:
WATCH: Colbert asks Russia to help him beat Trump in 2020
It’s probably not okay to send naked pictures on LinkedIn
How to Invest Like Charlie Munger: The Four Filters – An In-Depth Analysis $
‘Wonder Woman’ breaks a new box office record
Burma has released 67 child soldiers in first discharge of the year – UNICEF
At top VC firms, more women partners doesnt mean more women funded
State Department allowing Russian diplomats to roam free in US: report
From Bad to Worse: The #GOP Assault on the Nations Health and Wellbeing #ProtectOurCare
Diminishing returns.
.@mark_wahlberg: I’m not political, both Democrats and Republicans buy movie tickets
EU watches as Albania votes
Celebrating A Commitment To Collaborative Change
@ComfortablySmug
How street art took off in the suburbs of Tunis #citylabarchive
Just how progressive is Saudi Arabias new millennial prince?
Trump’s job promises crash into reality as auto industry lays off thousands:
Missouri’s already severe abortion restrictions could get even worse
China, U.S. agree on aim of complete, irreversible Korean denuclearisation
Chinas Imports From North Korea Slump in May After Coal Ban
Trump loves coal, hates windmills. But hes too late
Is this the electric car thats going to kill Tesla?
Reno is starting to look more like Silicon Valley
How an experiment turned Canadas farmers into cooking oil kings
Ministers drop plans to ease school fire safety standards
Sanders: GOP healthcare bill is a moral outrage
Woof
College professor fired for comments made about race on Tucker Carlson show
Bees learn to play soccer, just by watching their friends:
Mongolians fret over China investment as they prepare to vote
GOPs internal fight on Planned Parenthood threatens to blow up ObamaCare repeal
Entirely possible, #Bitcoin at $1,500.
LIGO spots its third black hole merger
Meet Gazas youngest bird hunter
15 dead, scores missing hours after landslide buries Chinese village
Pick a subject, get a poem: meet the Street Poets of #NewOrleans #lp #travel
Death of a Hong Kong pop star: when city mourned Beyond singer Wong Ka-kui in 1993
If you think traffic is bad now, wait for the inland migration
Pence holds unscheduled meeting with billionaire Koch brother during Colorado trip
President Trump is a Russian-interference truther once more, reports @GrahamDavidA
GOP lawmaker calls for special counsel Mueller to recuse himself from Russia investigation
Heading towards Italy, a Syrian tale of hope and courage:
Big Cable ditched its promise, and you’re paying for it @robpegoraro
Mother arrested over death of her two children in a hot car
A new concept called Aim brings the doctor to you, in a self-driving car
Anthony Kennedy considering retirement from Supreme Court: reports
Trump is first president to not host Ramadan dinner in nearly 20 years
50 killed in Pakistan bombing claimed by sectarian militant group
Trump considers leaving Mideast peace talks he once said wont be so difficult: report
These are just a few of your dogs least favorite things
Trump, Pence attend Mnuchins wedding after Cabinet member spoiled surprise
Debunking Grit via @jessesingal @thescienceofus
Tips for the mainstream on how to win elections: @KuperSimon observes @EmmanuelMacron
Dont ask how he was radicalized via @BV
This economic model organized Asia for decades. Now it’s broken
Mongolians fret over China investment as they prepare to vote
Mexico knock out Confederations Cup hosts Russia
Dear scientists: Stop bickering about a 100% renewable power grid and start making it happen
New York Times publishes list of every outright lie by Trump since inauguration
Breaking with tradition, the Trump White House forgoes the annual Ramadan dinner
Some UK ministers want Hammond as caretaker PM: Sunday Times via @Reuters
The world’s art is under attack—by microbes
Amnesty declared for 83 ISIL members in Syrias Raqqa
New Hong Kong water park poses threat to local egrets, birdwatchers warn
There has been a tenfold decline in the cost of electricity since 1900.
Ambassador who resigned over Paris deal exit: Trump is threatening US global leadership
@niubi Debt growth of 87% in 3 years is deleveraging with Chinese characteristics
UK cops say just visiting the dark web is a potential sign youre a terrorist
The story in My Cousin Rachel is about the terror of women’s unknowability.
Two and Twenty Troubles
India: Government to introduce extra flights to Qatar for stranded nationals
Ivanka ordered to testify over accusations she copied Italian shoemakers design
#Earthquake magnitude 4,1 - 165,6 km from #Salta - #Argentina
The golden age of restaurants is much stranger than it seems, writes @dkthomp
Albanians vote in crucial test for EU membership hopes via @Reuters
Senate Republicans to add penalties for being uninsured in ObamaCare repeal bill: report
Russia Armata tank will outmatch the Abrams in active armor and triple range missiles
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Jun 19, 1917 - New York Times: New York Athletic Club to donate ambulances and crews to the war effort #100yearsago
Bill Clinton delivers grave warning on opioid crisis: It’s going to eat us all alive
Dear 2015 Boston — A Dispatch From Your Future
Dislike of candidates or campaign issues was most common reason for not voting in 2016
Jun 19, 1917 - French and Swiss border guards, at a crossing point from Alsace #100yearsago
A look at demographic differences in news users of each social media site
#Bitcoin is soaring — heres how to buy some @readDanwrite
Ex-Reagan aide compares Trump’s ascent and presidency to ‘Springtime for Hitler’
Court allows Mississippi law denying services to LGBT people on religious grounds
Kellyanne Conway melts down on CNN after being asked basic question about Russia
Jun 19, 1917 - New York Times: Malaria takes a heavy toll on British troops on Macedonian Front #100yearsago
State Department allowing Russian diplomats to roam free in US: report
Jun 19, 1917 - Chicago Tribune: Spain shaken by revolt #100yearsago
Jun 19, 1917 - New York Times: Spains premier heeds demands for reform #100yearsago
Jun 19, 1917 - New York Times: Germans accused of giving poisoned candy to Belgian children #100yearsago
Portugal investigating fraud linked to Venezuela PDVSA funds, PDVSA says
Trumps solar-paneled border wall could pay for itself -- in 2168 via @gadfly
These snakes lure prey with both their tails and their tongues:
College professor fired for racially insensitive comments made on Tucker Carlson show
Texas mother charged in deaths of toddlers left in hot car
This startup is making paper out of stone
How to throw a work party (without getting fired)
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Cabernet who? The hot new Napa Valley wines are white
Turkeys president is trying to engineer short-term growth to help win again in 2019
Koch group says Senate Republican health plan doesnt go far enough
Trump’s job promises crash into reality as auto industry lays off thousands:
These will be the best places to live in America in 2100 A.D.
Indias Snapdeal files police case against former heads of local logistics firm
US takes Yellowstone grizzly bears off endangered list
The Klu Klux Klan still has active groups in 33 states
Does owning a Russia ETF mean investors have ties to Russia?
GOPs internal fight on Planned Parenthood threatens to blow up ObamaCare repeal
Opinion: Criminalising Standing Rock
Fuel-saving plane designer tired of battling China’s red tape
Mushroom cloud after nuclear test is viewed from Las Vegas, 60 years ago today:
I remember when Black Scholes was a new thing; but I slept on its historical significance. And, Im old.
Illinois credit could be downgraded to junk costing taxpayers millions
MIT grads are already taking Tim Cooks graduation advice @melodyhahm
Top on #tiajobs today: Senior Product Manager at
Pence holds unscheduled meeting with billionaire Koch brother during Colorado trip
The Mist is an intriguingly chilly supernatural thriller, @sophieGG writes
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GOP lawmaker calls for special counsel Mueller to recuse himself from Russia investigation
And you thought Costcos in-store prices were amazing...wait until you see this
Pemex oil exports fall to record lows
Grenfells unusual design led blaze to spread, say investigators
Indias Snapdeal files police case against former heads of local logistics firm
Mexico knock out Confederations Cup hosts Russia
Dont sweat those summer weddings, seersucker is back
Prince Harry: I almost abandoned Royal duties but stayed because of the Queen
China think tank says a trade war with the U.S. is unlikely this year
This is the future of business-class seats: millions of ways to personalize your experience
Internal dossier criticises Audi top management: Bild
Chinas seniors enjoying second youth
Anthony Kennedy considering retirement from Supreme Court: reports
r/Ethereum today:
You may never have learned how to learn in school.
Violence against women in Turkey has increased under President Erdogan.
WATCH: Colbert asks Russia to help him beat Trump in 2020
British lawmakers hit by cyber security attack
Ad for funeral services, literally
The DraftKings-FanDuel fantasy sports mega-merger is in trouble @readDanwrite
Syria says Israel strike kills civilians
Trump considers leaving Mideast peace talks he once said wont be so difficult: report
Jun 18, 1917 - French soldiers washing their laundry at Largitzen, in Alsace #100yearsago


Martin Armstrong
Market Talk- June 20th, 2017
4 days ago




With so much on the horizon we saw a mixed session out of Asia today. The one key topic all markets makers were looking at was whether China A-Shares would make the MSCI index have missed it for the past few years. Although it will bring added international attention, China’s recent efforts appear more focused towards creating larger domestic participation. China market is valued around $6tln, which is around one-tenth the size of the global stock markets. If successful they will be tapered-in and all at once. Although it sounds big it will only be 0.5% of the MSCI Index, but it could be the start of the trend! Both Shanghai and the Hang Seng closed small down (-0.2%). Having heard late in the day yesterday about the Moody’s downgrading of the big four Australian banks, all finished close to 1% lower which saw a similar close for the ASX. Having seen the Nikkei close above the psychological 20k market yesterday we saw the market happy to add to these gains. JPOY looks happy playing in the mid 111’s having traded in a narrow 111.35 / 75 range for most of the day.

As we all expected – again it was all about BREXIT with a little talk about oil on the side. The 2% decline in the price of oil weighed on European bourses today (lowest since late last year) with almost all core closing down around -0.65%. It wasn’t long however, before the BOE Governor Mark Carney, remarked that it was not time for any movement in rates. Cable hit levels (1.2610) not seen since the middle of last month. It wasn’t helped either by news that Barclays bank is back in the spotlight and not for positive reasons. The shares however recovered from earlier losses to close almost unchanged.

Although it seemed pretty calm in US trading all core lost around -0.65% with NASDAQ again leading the way (-0.85%). The USD was well bid, but then sterling helped the dollars rise after it fell -0.85%, DXY last seen 97.45. Energy stocks were weak but being such a small component of the broader market these days, they really have not influenced the market that much. The market remains expectant of the tax reform that House Speaker Paul Ryan speaks on. The pullback in stocks has been a positive for treasuries. Lot of talk between bond dealers surrounding the talk of “Super Longs”. Talk is the treasury is considering the demand appetite for 100 year treasury issues.

2’s closed 1.34% (-2bp), 10’s at 2.15% (-4bp), 30’s 2.73% (-6bp), Bunds 0.26% which closes the spread at +189bp (-2bp). France 0.60% (-2bp), Italy 1.90% (-4bp), Greece 5.44% (-8bp), Turkey 10.21% (+4bp), Portugal 2.82% (-1bp) and Gilts 0.99% (-4bp)