Overnight Activity
Markets prepare for the Fed symposium in Jackson Hole. Precious metals see some short covering this morning with Gold trading up $4.50 at $1329.10, Global stocks are marginally higher with the SPX futures trading 2173 last. Full Jackson hole report in subsequent post. A Car bomb attack on a police HQ killed 9 with many injured. Iran cries foul as it wants its market share back in Oil. Data due will be the second GDP estimate at 8:30 and the Michigan Sentiment report at 10:00 AM and we will be vigilant for any more Gold market slams pre-Yellen. For our part, these events have lately ended with stocks taking a cue to rally. let's see if the trend continues- Soren K.
Jackson Hole diners will be served Bear Under Glass today
Global News
- Full Jackson Hole Schedule with Highlights- MS
- BREAKING: Car bomb attack in Turkey's Cizre, hospital sources say 9 people killed, 64 wounded: RTRS
- Jackson Hole Conference begins today with Yellen speaking at 10:00 AM EDT
- UBS Said to Cut About 15 Paris Investment-Banking Jobs. Some jobs will be moved to London: ZH- Next up, why Brexit will kill London
- Fed officials tell activists rate hikes won't derail economy:RTRS- because lower rates never helped get it on track?
- CNN Cancels Dr. Drew's Show One Week After He Voiced "Grave Concern" For Hillary's Health- Sponsored by Service Corp Funeral Directors, SCI
Dennis Gartman is Bearish on Yellen.. You know what to do
Market News
Drug companies spend millions to keep charging high prices:LAT
Petrobras voluntary layoff program accepted by 6,100 employees: RTRS
Why was $1.5 Billion in Gold dumped in a few minutes?: MS
Icahn Said to Have Discussed Selling Herbalife Stake; Ackman possible buyer: WSJ
Dollar dips, shares touch two-week low before Yellen:RTRS
Uber Loses at Least $1.2 Billion in First Half of 2016:BBG
European stocks edge down before Yellen steps onto center stage: MW
Surprise! Gold has bullish news for the stock market Where Did Greenlight Capital Place Its Bets in 2Q16? Gold Stocks Test Support Ahead Of Yellen's Speech Morgan Stanley Highlights A Cyclical Downturn In Tankers Why Did Soros Fund Management Reduce Its Holdings in Barrick Gold?Market Prices
PRICECHANGE% CHG GLD126.23-0.11-0.09% GC=F1,329.70+5.10+0.39% PL=F1,089.30+12.30+1.14% SI=F18.75+0.14+0.73% NG=F2.85-0.03-1.11% CL=F47.21-0.12-0.25% ^FTSE6823.82+6.92+0.10% ^HSI22,909.54+94.59+0.41% ^N22516,360.71-195.24-1.18%Currencies
Good Luck
Soren K.
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