Happy Thursday --stocks are up & metals are crashing not as bad as before! Our 'confirmed uptrend' continues as major stock indexes rose a half % in rising volume. Not only do futures traders say they'll be up another half %, they also say they'll go down today (?!). Gold & silver are doin' the dead-cat-bounce now at $1,267.50 and $17.79.
Today's reports:
7:30 AM Challenger Job Cuts
8:30 AM Initial Claims
8:30 AM Continuing Claims
10:30 AM Natural Gas Inventories
Elsewhere:
Four Crucial Areas of Unfinished Business - Barack Obama, The Economist
Why Working Class White Men Earn Less Than in '96 - Tami Luhby, CNN
Good Truck Drivers Hard to Find as US Job Market Tightens - Bloomberg
Global Debt Hits a Staggering $152 Trillion - John Grgurich, Fiscal Times
Jeff Gundlach Thinks Economic Policy Pivot Is Coming - Linette Lopez, BI
Markets Struggle to Price Three Uncertainties - Mohamed El-Erian, BV
Stock Market 'Complacency' Is About to End - Tim Clift, MarketWatch
Economists Think Trump Trade Policies are 'Lunatic' - Thomas Edsall, NYT
Despite Brexit Turmoil, British Politics Is Healthy - Peter Apps, Reuters
TBTF? The Real Concern Is Banks Too Weak to Survive - Greg Robb, MW