Why I Broke Up With My Low Volatility ETF

technical bounceDavid Fabian:   This last week, we took an important step for client portfolios by eliminating a low volatility ETF that we have held for over two years now.  It was actually one of my favorite positions to own. 
NYSE:SPY June 27, 2016 3:31pm

Markets Do Not Like Brexit’s Many Unanswered Questions

wall-street-etfChris Ciovacco:  Bloomberg recently published a short Brexit Q&A.

Dallas Fed Manufacturing Outlook: Overall Decline In June

manufacturing growthJill Mislinski:  This morning the Dallas Fed released its Texas Manufacturing Outlook Survey (TMOS) for June. The latest general business activity index increased in June after two months of decreases. The General Activity index came in at -18.3, up from -20.8 in April.

May Durable Goods Orders Down 2.2%, Core Down 0.3%, ex-Defense Down 0.9%

Wall streetDoug Short:  The Advance Report on Manufacturers’ Shipments, Inventories and Orders released today gives us a first look at the latest durable goods numbers. Here is the Bureau's summary on new orders:
NYSE:DIA June 24, 2016 12:41pm

Michigan Consumer Sentiment: June Final Below Expectations

Economy recessionJill Mislinski:   The University of Michigan Final Consumer Sentiment for May came in at 93.5, a 1.2 point decrease from the 94.7 May Final reading. Investing.com had forecast 94.0.

Brexit: Stock Market Collapse, Flash Crash Or Buying Opportunity?

wall of worryTaki Tsaklanos:  Unsurprisingly, stock markets have crashed since the Brexit news hit the wires. Stock markets all over the world are deep in red, between 3 and 9% (with the Nikkei deepest in red), market volatility has spiked.

Real Median Household Income Declined Again In May

Economy recessionDoug Short:  The Sentier Research median household income data for May, released this morning, came in at $56,853. The nominal median declined $390 month-over-month but is up $1,602 year-over-year. In percentages, the May number is down 0.7% MoM but up 2.9% YoY.
NYSE:DIA June 23, 2016 1:37pm

April New Home Sales Drop 6.0% Month-over-Month, Worse Than Forecast

real estateJill Mislinski:  This morning's release of the May New Home Sales from the Census Bureau came in at 551K, down 6.0% month-over-month from a revised 586K in April. Seasonally adjusted estimates for February and March were revised. The Investing.com forecast was for 560K.

Chicago Fed: Economic Growth Slowed In May

economyDoug Short:   "Index shows Economic Growth Slowed in May." This is the headline for today's release of the Chicago Fed's National Activity Index, and here are the opening paragraphs from the report:

Stock Market Charts Suggest Extreme Readings And Possibility Of Short Squeeze

bearbull21Taki Tsaklanos:  Markets have gone wild lately as explained in this recent article. We also observed how irregular (irrational?) today’s situation is given all-time highs in both stocks and bonds.

Existing-Home Sales In May Highest Pace In 9 Years

residential real estateJill Mislinski:   This morning's release of the May Existing-Home Sales increased from the previous month to a seasonally adjusted annual rate of 5.53 million units from a downwardly revised 5.43 million in April.
ETF BASIC NEWS June 22, 2016 4:12pm

FHFA House Price Index Up 0.2% In April

real estateJill Mislinski:  The Federal Housing Finance Agency (FHFA) has released the U.S. House Price Index (HPI) for the most recent month. Here is the opening of the report:

What Are Financial Markets Telling Us About Thursday’s Brexit Vote?

Wall streetChris Ciovacco:  On February 20, 2016, U.K. Prime Minister David Cameron announced the EU Referendum would be held on June 23. When votes are cast this week, the financial markets will have had 124 calendar days to consider every possible relevant factor and every possible outcome.
NYSE:DIA June 21, 2016 3:32pm

Dow Jones Industrial Average, S&P 500: Are Markets Confused Or Broken?

Wall streetTaki Tsaklanos:  We observe odd trends in the market, the most important one being Treasuries and stocks both trading near all-time highs.
NYSE:DIA June 20, 2016 1:10pm

Philly Fed Manufacturing Index: “Little Growth This Month”

manufacturing growthDoug Short:  The Philly Fed's Manufacturing Business Outlook Survey is a monthly report for the Third Federal Reserve District, covers eastern Pennsylvania, southern New Jersey, and Delaware. While it focuses exclusively on business in this district, this regional survey gives a generally reliable clue as to direction of the broader Chicago Fed's National Activity Index.
NYSE:DIA June 16, 2016 12:18pm

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