Whoa, morning coffee finally kicking in --so yesterday we had the S&P hit an all time high and the drop in metals was still with in the past month's tight range. Now futures traders are seeing more gains in stocks w/ metal easing again. Claims and New Home Sales reports due today; morning news:
- Euro-zone PMI shows recovery regaining momentum MarketWatch - 34 minutes ago The eurozone's economic recovery appears to have regained some lost momentum in July, as surveys of purchasing managers pointed to an increase in private-sector activity driven by Germany and the services sector.
- S&P 500 ekes out record high as earnings roll in Glens Falls Post-Star - 5:23am NEW YORK (AP) - The stock market eked out a record high Wednesday, as investors weighed positive earnings from the technology industry against disappointing news from Boeing and other companies.
- Apple Hints New Products Near With Bigger IPhones Looming Apple Inc. (AAPL) signaled that the long wait for new products is nearing an end. With bigger-screen handsets in development, Apple said yesterday that shoppers are delaying buying new iPhones, which will weigh on sales in the current quarter ending in September. Yet rather than dissuade buyers… Bloomberg Inflation is about to fall-and fall hard: Insana I would bet inflationistas a truckload of scarce limes that inflation pressures are temporary and inflation is about to fall, says Ron Insana. CNBC
- Wealth-Building Secrets of the Millionaire Next Door The tenets they follow can also put you on the path to financial prosperity and security. In the words of Knight Kiplinger, editor in chief of Kiplinger's Personal Finance magazine and Kiplinger.com, "discretionary spending -- the chic apartment, frequent travel and restaurant meals, consumer… Kiplinger
- For stocks, Dow 20,000—then a crash? Famed asset manager Jeremy Grantham predicts short-term gain and long-term pain for stocks, writes Brett Arends. MarketWatch
- Is There Any Value Left In a Rallying Market? - John Kimelman, Barron's
- An Econ. Discussion Investors Should Monitor - Noah Smith, Bloomberg