Don’t look now, but US residential construction spending fell 11.16% year over year in May.

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Don't look now, but US residential construction spending fell 11.16% year over year in May. pic.twitter.com/mQrKZNqqZa — Eric Basmajian (@EPBResearch) July 1, 2019 Total construction spending declined 2.30% year over year in May. https://t.co/zp0RuNnqjz pic.twitter.com/Ecx7X0UsIU — Eric Basmajian (@EPBResearch) July 1, 2019 And Powell better cut 100 bps asap https://t.co/ABpOpcgyuy — zerohedge (@zerohedge) July 2, … Read more

77% of 113 companies that have pre-announced for the second quarter indicate profits will be below expectation. Normally it’s around 70%.

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With earnings season looming, 77% of companies issuing pre-announcements say their profit picture will be worse than Wall Street is expecting. That’s the second-worst quarter on record going back to 2006, according to FactSet. Two tariff-sensitive sectors, tech and health care, have seen the highest amounts of negative announcements.   Stocks may have brushed up … Read more

Inspector General Investigation Complete, WH Says It’s Hammer Time

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[HRC] responds to Trump tweet about Foundations, this is what we call projecting. Cummings wants email and phones from the Trump administration, the [DS] is now suing for Trump’s tax returns. Trump tweets out that Mueller’s testimony will follow the report, but we know behind close doors Weismann will be testifying, Patriots have already countered … Read more

Deutsche Bank, GSEs & Systemic Risk – Chris Whalen

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via theinstitutionalriskanalyst: New York | In this issue of The Institutional Risk Analyst, we ponder how the actions or inaction of policy makers can create systemic events.  In the next issue, we’ll dive into Q2 2019 earnings for banks and non-banks. Of interest, the Q2 edition of The IRA Bank Book is now on sale at our online store.   News last … Read more

ALERT: Twitter EXPLODES After 2020 Dem⁩ Wants YOU To Pay For This Operation

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https://www.youtube.com/watch?v=VQbjFJyVn4I 100% Fed Up reports, Bill de Blasio was asked during his appearance at the New York City Pride March about gender reassignment surgery and if it should be paid for by taxpayers. He did what most of the other Democrats running for president did…he pandered. de Blasio is struggling in the polls so he’s … Read more

Stocks and safe haven assets are rallying together. Bearish?

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by Troy It’s been a quiet week in the stock market as the 4th of July approaches. Today’s headlines: VIX fell more than expected Stocks and safe haven assets rally together Breadth divergence Alligator jaws JPMorgan’s AI model Go here to understand our fundamentals-driven long term outlook. For reference, here’s the random probability of the U.S. stock market … Read more

ALERT: PROSECUTION! Radical Dems Have New Target And it Will Make You SICK To Your Stomach

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https://www.youtube.com/watch?v=TaPdHpcybG8 Chuck Ross from the Daily Caller reports, House Judiciary Committee Chairman Jerry Nadler said Monday that the heads of border and immigration agencies should face criminal prosecution for what he says is child abuse at border detention facilities. Read More/Source/Credit/FairUse: https://dailycaller.com/2019/07/02/na…

Tech Fascists Declare War on Alternative Medicine Just to Appease #BigPharma and Codex Alimentarius

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https://www.youtube.com/watch?v=rAsX08UG6lk Facebook has updated its guidelines to discourage ads for “miracle cures,” unproven medical claims and — GET THIS — conspiracy theories. Youtube has tweaked its algorithm toward the same end. RT America’s Sara Montes de Oca has the details. Then Lionel of Lionel Media joins Scottie Nell Hughes to weigh in on whether media … Read more

MASS RIOTS across ISRAEL happening now

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Map: Ethiopian Community members protests map across Israel:Karmiel, Kiryat Ata, Haifa, Afula, Yoken'am, Al Yakim, Netanya, Rosh Ha'ayin, Tel Aviv, Petah Tikva, Tel Hashomer, Rishon LeZion, Ramle, Jerusalem, Beit Shemesh, Gadera, Ashdod, Kiryat Milachi, Ashkelo and Beer Sheva pic.twitter.com/e3UewUkTIO — Local Focus – Security Alerts (@LocalFocus1) July 2, 2019 Ethiopian Community members protests map across … Read more

Libs Declare War In DC – Now Every Restaurant Is Terrified

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Asche Schow from The Daily Wire reports, The straw ban has officially come to Washington, D.C. While a ban on plastic drinking straws took effect on January 1, 2019, restaurants were only given a warning if they were found in violation of the law. https://www.youtube.com/watch?v=b5tQfoDXcRE   Read More/Source/Credit/FairUse: https://www.dailywire.com/news/49045/…

Bank of Japan Stealth-Tapers Further

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Bank stocks crushed by negative interest rates, broader market goes nowhere in 4 years and is down 44% since 1989 despite BOJ’s equity purchases. Despite the Bank of Japan’s repeated statements over the years that it would pursue its QE program – or “QQE” as it calls it to distinguish it … Read more

Yesterday Was a Major Wake Up Call to the Bulls

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By The Phoenix Yesterday’s market action was a MAJOR wake up call. Stocks erupted 1.5% higher on announcements that the US/ China reached some form of a trade deal… However, the rally barely lasted, giving up most of its gains by mid-day. It was only through a desperate end of the session manipulation (red box … Read more

Millennials Will Decide The 2020 Election

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By Rodney Johnson The recent Democratic presidential primary debates were a lot of fun… said no one. As the process unfolds, I vote that Andrew Yang gets the first question at every debate, since he was given all of three minutes out of 120 on Thursday night. And Marianne Williamson gets to interject anytime she … Read more

Something’s Up: American And Russian Leaders Are Suddenly Pulled Into Emergency Meetings As War Rumors Escalate

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by Michael Snyder Why are top officials in both the United States and Russia suddenly being pulled into emergency meetings?  At this moment rumors are flying all over the Internet, and we have very little solid information about what is really going on.  In this article I will share what we know so far, but … Read more