The End Is Near For The Economic Boom

via Geoff Colvin THE OPTIMISM IS BEAMING like the summer sun. America’s big-company CEOs are bursting with confidence, in June expecting to take in even more revenue and make bigger investments than they foresaw in March, when they were more confident than …

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$MSFT Earnings

https://www.cnbc.com/2018/07/18/microsoft-earnings-q4-2018.html Some points (paraphrased from article): Earnings of $1.13 per share, vs. 1.08 cents per share expected Revenue: $30.09 billion vs. $29.21 billion expected; grew 17% Commercial cloud revenue growth slowed 5%, from up 58% previously to up 53% this …

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Sen. Rand Paul: “Trump Derangement Syndrome Has Officially Come to the Senate”… Adam Schiff: “SUBPOENA THE INTERPRETER!”

Adam Schiff Experiences Trump Derangement Syndrome Over Putin Meeting “SUBPOENA THE INTERPRETER!” https://www.youtube.com/watch?v=wdzY7vfp4Co Today Just In His Own Style Adam Schiff Tries To Get House Intelligence Committee To Vote On Subpoena For President Trump’s Interpreter While He Was Talking To …

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The Real Deal On Broker Stocks

by Dana Lyons Battered broker-dealer stocks are testing a potentially key line of support. Entering 2018, one of the hottest – and one of our favorite – industries was the broker-dealer space. That mantle of relative strength was further reinforced by …

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Famous Last Words

BUBBLES AND NOT BUBBLES Chart via @Silver_Watchdog WoW–> “Shiller P/E based on NIPA profits. Stocks are a bargain,” h/t @GS_CapSF “Distorted US yield curve still a warning sign for the economy,” h/t @CapEconMarkets $SPX $NFLX Search Phrase “inverted yield curve” …

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Do You Have Too Much Stock Exposure?

by John Coumarianos If you’re retiree trying to use your saved capital to generate income, you’re basically trying to construct a pension for yourself. And that means you should think about how Jeremy Gold understood pensions. Gold, who died recently …

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As Congress goes back to sleep for the elections, Judicial Watch’s heavy lifting gets results….

by TFittonJW RESULTS: New Strzok-Page emails — coming out slowly, but surely — through federal lawsuit — to Judicial Watch. Vid discussion on the modified limited hangout by DOJ of Strzok-Page emails: https://www.judicialwatch.org/press-room/press-releases/judicial-watch-fbi-begins-releasing-strzok-page-communications-doj-objects-to-preservation-order/

Housing Starts And Applications Both Down

by Chris These are very noisy data series, so they could easily jump again next month, but the higher mortgage rates and rising house prices are a double whammy for home purchasers, especially first-time buyers. Here’s the data from today: …

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